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Metal Powder Works (ASX:MPW) has this week declared its “delighted” to be ending the year with a blockbuster U.S.-facing powder partnership with shipmaker Austal – and investors have seemed fairly excited, too.
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The Aussie tech producer will now co-develop bespoke powders for Austal’s U.S. additive manufacturing requirements, including for the U.S. Navy.
It’s all very buzzy, not least because the cash-heavy Navy and the U.S. DoD both got mentioned, but it was enough for investors to cast a keen eye over MPW. To this morning, the company’s up +30.7% through Week 51.
Looking beyond that, Metal Powder Works’ share price – it’s selling at around $1.95, at time of writing – leaves it sitting at a mighty +1,248% advance YTD.
MPW is expected to wield its DirectPowder Process (patented for some time now) to develop custom alloy powders tailored to Austal USA’s specifications. That patented powder is “the only powder production technology that can be tuned to specific application requirements,” the company explained.
The Oz company will now supply samples for testing, with specifications to be refined as required. Key materials to be used include copper-nickel alloys.
“This partnership positions DirectPowder within a strategic naval supply chain initiative at a time when the U.S. Department of Defense is making significant investments in additive manufacturing,” MPW chief, John E. Barnes, declared.
“With both companies manufacturing in the United States, we are well-positioned to support the domestic defence industrial base and look forward to expanding collaboration as Austal scales across its naval programs.”
As noted, MPW shares are selling at $1.95 each right now.
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