IperionX Announces Project With Carver Pump To Accelerate Production Of Critical Long Lead Time Titanium Components For Naval Shipbuilding

IperionX Limited (IperionX) (NASDAQ:IPX, ASX: IPX)) is pleased to announce a project with Carver Pump Company (Carver Pump), a leading U.S. manufacturer of mission-critical pumps for the U.S. Navy, to accelerate the production of critical long lead time titanium components for naval shipbuilding.

Carver Pump has placed an initial purchase order with IperionX for prototype titanium components. Leveraging its low-cost titanium metal powder and integrated in-house manufacturing, IperionX will produce and test cost competitive casting replacements for pump systems deployed across U.S. Navy surface vessels.

The Carver Pump purchase order marks a key milestone in the IperionX and Carver Pump partnership, which has now advanced from the project planning phase into prototyping. This progression has been enabled by the steady-state production of titanium metal powder from IperionX's recently commissioned Titanium Production Facility in Virginia.