IperionX Limited announced a $100 k prototype order from Carver Pump Company to produce titanium pump components for U.S. Navy surface vessels, with delivery scheduled for May 2026. The order marks the first commercial use of IperionX’s low‑cost titanium powder, produced at its Virginia facility, and represents a critical validation of the company’s technology in a defense‑grade application.
The prototype parts will be cast replacements for pump systems that traditionally suffer from 12‑month lead times and high costs. IperionX’s HAMR (High‑Temperature Arc‑Melting) and GSD (Gas‑Spray Deposition) processes enable titanium powder production at roughly 50 % lower energy consumption and 90 % lower carbon emissions than the conventional Kroll route, allowing the company to deliver cast parts in under a week. The rapid turnaround and lower environmental footprint are key differentiators for the Navy’s supply‑chain modernization efforts.
Strategically, the partnership positions IperionX as a domestic alternative to foreign titanium suppliers and supports the U.S. Department of Defense’s goal of reshoring critical materials. The order also provides a tangible revenue stream that underpins the company’s path to 1,400 tpa capacity by mid‑2027, a target that has been a central pillar of its growth strategy and has attracted significant government funding, including a $47.1 million DoD award for titanium supply‑chain development.
CEO Anastasios (Taso) Arima said, “Partnering with Carver Pump underscores how IperionX’s advanced titanium technologies can help resolve the most pressing supply‑chain challenges facing the U.S. defense industrial base, including titanium casting and forging replacements.” He added that the prototype program “validates the performance of our technologies and reinforces the Department of Defense’s commitment to an all‑American titanium supply chain.”
Investors focused on the partnership’s implications for the U.S. Navy’s titanium needs and the company’s rapid production capability. The deal signals that IperionX’s technology is ready for defense‑grade applications, a milestone that could accelerate larger‑scale production agreements with Carver Pump and the Navy, and strengthen the company’s competitive position against foreign suppliers.
Looking ahead, the successful completion of the prototype program will likely open the door to a full‑scale production contract, further cementing IperionX’s role in the U.S. critical‑materials supply chain and advancing its 1,400 tpa goal. The company’s continued investment in HAMR and GSD technologies positions it to capture a growing share of the defense titanium market while maintaining lower costs and emissions than traditional processes.
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