Hyperion Metals Limited announced the execution of a memorandum of understanding (“MOU”) for a technology partnership with EOS GmbH. The partnership aims to accelerate the deployment of Hyperion’s HAMR and GSD technologies for the potential production of low-cost, low-to-zero carbon titanium metal powders. The collaboration will focus on:
▪ Technical and economic evaluation of powders produced via the hydrogen assisted magnesiothermic reduction (“HAMR”) and granulation sintering and deoxygenation (“GSD”) processes for use in additive manufacturing as compared to the current titanium metal powders
▪ Recyclability of titanium metal powders using the HAMR and/or GSD technology processes
▪ Environmental and sustainability evaluation of powders produced via the HAMR and GSD processes for use in additive manufacturing versus other production processes
Under the non-binding MOU, Hyperion and EOS have agreed to negotiate in good faith to enter into definitive agreements to give effect to a partnership that allows Hyperion and EOS to work together to deploy sustainably produced, low-cost and zero-carbon spherical and non-spherical titanium metal powders for use in the additive manufacturing industry. The MOU will terminate on 1 June 2022 unless extended by mutual agreement.
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