IperionX Limited has executed a Test Services Agreement and Statement of Work with the U.S. Army Combat Capabilities Development Command Ground Vehicle Systems Center (DEVCOM GVSC). This agreement will focus on the metal characterization and ballistic testing properties of IperionX?s high-strength titanium plate components. DEVCOM GVSC may relay the results to select U.S.DoD contractors who are original equipment manufacturers (OEMs) of U.S. Army ground vehicles for consideration in future ground vehicle designs. Known U.S. Army ground vehicle contractor OEMs include: General Dynamics Land Systems, an arm of General Dynamics Corporation,
BAE Systems Inc., the U.S. subsidiary of BAE Systems PLC, American Rheinmetall Defense Inc., the U.S. counterpart of Rheinmetall AG, Oshkosh Corporation, AM General, a privately held firm based in South Bend, Indiana. The titanium plate for U.S Army ballistic testing will be manufactured using powder metallurgy production methods with IperionX?s advanced titanium angular powder. To deliver higher performance and durability, IperionX will also employ its patented Hydrogen Sintering and Phase Transformation (HSPT) technologies, a cutting-edge technique to enhance the microstructure of titanium to deliver strength and fatigue properties that are comparable to wrought titanium alloys. Titanium is prized for its high strength-to-weight ratio, resistance to high temperatures and corrosion. Titanium is a critical material for many U.S. defense systems, including military fighter aircraft and engines, naval platforms and military ground vehicles. Titanium?s superior strength-to-weight and corrosion resistance offers scope for future U.S. Army ground vehicles to be lighter, more mobile and with enhanced range and durability in the field. The United States has very limited domestic primary titanium metal (titanium sponge) capacity and currently imports over 95% of the titanium sponge required for the U.S. defense sector. IperionX plans to re-shore a fully integrated titanium supply chain to the U.S., reduce the acute reliance on titanium imports from foreign nations, and strengthen the domestic titanium supply chain for critical defence systems. The U.S. Department of Defense (DoD) is actively pursuing alternatives to the current import-dependent supply chain for titanium metal and alloys. The DoD aims to establish domestic operations from mining, processing, and refining of ore, as well as the recycling of scrap titanium. The optimal domestic titanium supply chain will provide a wide range of products - including titanium powder, ingots, bars, and plate ? at higher energy efficiency, lower costs, and lower environmental impacts 1.