IperionX Limited and Vegas Fastener Manufacturing, LLC have agreed to partner to develop and manufacture titanium alloy fasteners and precision components with IperionX?s advanced titanium products. IperionX and Vegas Fastener?s commercial focus is on developing and manufacturing titanium alloy fasteners and precision components for the U.S. Army Ground Vehicle Systems Center (GVSC), which is the United States Armed Forces' research and development facility for advanced technology in ground systems. GSVC?s research and development includes robotics, autonomy, survivability, power, mobility, intelligent systems, maneuver support and sustainment. Additionally, the partners will design, engineer and produce titanium fasteners for critical sectors such as the aerospace, naval, oil & gas, power generation, pulp & paper and chemical sectors.

These sectors demand fasteners that provide not only high strength-to-weight ratios but also exceptional corrosion resistance for high-performance applications. The global market for industrial fasteners, valued at USD 95 billion in 2023, is projected to grow at nearly 5% annually from 2024 to 20301. The U.S. is one of the larger fastener markets worldwide, with growth underpinned by strong demand for automation, aerospace, and other advanced industrial applications.

Growing demand for lightweight vehicles and aircraft is leading to a shift to custom high-performance, light-weight fastener products. IperionX?s leading titanium technology portfolio includes high-performance near-net shape titanium products, semi-finished titanium products, spherical titanium powder for additive manufacturing and metal injection molding, and angular titanium powder for a wide range of advanced manufacturing applications. These innovative patented technologies allow for world class leading sustainability and superior process energy efficiencies over the traditional Kroll titanium production process.