Metal Powder Works has significantly expanded its production capacity and customer base in the June 2025 quarter, while securing strategic partnerships that position it strongly in defence and nuclear sectors.
- Production capacity nearly doubled with two new DirectPowder™ units
- Automation upgrades enable 24/7 lights-out manufacturing, reducing costs
- Expanded customer base to 25, including 11 new clients across key industries
- Strategic contracts with Westinghouse Electric and partnership with Titomic Ltd
- Experienced defence executive Jim McDowell appointed to the Board
Operational Expansion and Automation
Metal Powder Works Limited (ASX, MPW) has marked a pivotal quarter ending June 2025 by nearly doubling its production capacity through the commissioning of two additional DirectPowder™ units at its Pittsburgh facility. This expansion, delivered on time and within budget, reflects the company's disciplined execution and commitment to meeting growing demand for high-strength metal powders, particularly aluminium and copper alloys.
Complementing this capacity boost, MPW implemented a comprehensive automation upgrade to its production process, enabling continuous, unattended operation. This lights-out manufacturing approach not only reduces production costs but also enhances consistency and accelerates order fulfilment, positioning MPW to better serve its expanding customer base.
Growing Customer Base and Product Validation
During the quarter, MPW delivered 14 different powder alloys to 25 unique customers, including 11 first-time buyers. This broadening commercial traction spans aerospace, defence, industrial tooling, and additive manufacturing sectors. Notably, the company is advancing validation of its powders across major 3D printing platforms such as EOS, Trumpf, and Seurat, which is expected to facilitate wider adoption.
MPW is also progressing commercial discussions for specialty powders, including commercially pure titanium and aluminium alloys. The company reported inbound demand signals for titanium powder ranging from 300,000 to 600,000 kilograms over the coming years, contingent on successful testing outcomes. Collaborations with the University of Waterloo's Multi-Scale Additive Manufacturing Lab aim to optimize printing parameters, further lowering barriers to adoption.
Strategic Partnerships and Defence Sector Focus
Strategic partnerships have been a highlight this quarter. MPW signed a supply contract with Westinghouse Electric Company to assess its powders for additive manufacturing applications in the nuclear sector; a significant commercial milestone given Westinghouse's global standing. Additionally, MPW entered a Powder Partner Program with Titomic Ltd, focusing initially on commercially pure titanium applications.
The company’s strategic direction is further reinforced by the appointment of Jim McDowell to the Board. McDowell brings over 35 years of experience in defence and advanced manufacturing, including his recent role as Deputy Secretary of Naval Shipbuilding and Sustainment at the Australian Department of Defence. His expertise is expected to bolster MPW’s positioning in defence and aerospace markets.
Financial Position and Outlook
Financially, MPW ended the quarter with a cash balance of A$6.3 million, providing a runway to execute its growth strategy. The company reported net cash used in operating activities of A$1.6 million, reflecting ongoing investment in production capacity and commercial development. While receipts from customers remain modest at A$139,000 for the quarter, management is confident that the expanded customer base and strategic contracts will translate into increased revenues in upcoming periods.
MPW’s patented DirectPowder™ technology, which converts premium bar stock into high-quality metal powders without thermal processes, continues to offer advantages over traditional atomisation methods. This innovation supports the company’s competitive edge in cost efficiency, quality, and supply chain resilience.
Bottom Line?
With capacity doubled and strategic contracts secured, Metal Powder Works is poised for growth, but market validation and revenue ramp-up remain key to watch.
Questions in the middle?
- How quickly will increased production capacity translate into sustained revenue growth?
- What are the timelines and risks associated with powder validation across major 3D printing platforms?
- How will Jim McDowell’s defence expertise influence MPW’s strategic partnerships and market penetration?