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 95bn in 2023, is projected to grow at nearly 5% annually from 2024 to 2030.
