Hyperion executes option agreement to acquire Blacksand Technology

October 22, 2021

Hyperion Metals, Charlotte, North Carolina, USA, has executed a one-year option to acquire Blacksand Technology LLC, West Valley City, Utah. The two companies have been collaborating on an investigation into the commercial development of spherical titanium metal powders.

“The combination of Hyperion and Blacksand Technology is transformational, bringing together two highly complementary organisations, supported by the world-class metallurgical engineering department at the University of Utah, to create a leader in sustainable low carbon titanium metal and powders,” stated Anastasios Arima, CEO and Managing Director, Hyperion. “Hyperion’s Titan Project in Tennessee will supply low carbon titanium mineral feedstock to produce low carbon, low-cost titanium metal and powders using the HAMR and GSD technologies. We aim to build on Blacksand’s strengths in material science and innovation to scale and commercialise these breakthrough American technologies and make the US, once again, the leader in titanium metal.”

Since the founding of Blacksand in 2013, it has developed the hydrogen assisted metallothermic reduction (HAMR) technology and developed over forty patents worldwide relating to titanium manufacturing, from the supply chain to specific technologies. Over the years, the company has seen a reported investment of around $12 million into these technologies from government agencies including the Advanced Research Projects Agency – Energy and the Office of Energy Efficiency and Renewable Energy of the US Department of Energy; the National Science Foundation; and the Naval Air Systems Command of the US Department of Defense.

Dr Z Zak Fang, Professor of the University of Utah and founder of Blacksand, added, “Blacksand is excited about the prospects of commercialising its suite of titanium technologies through Hyperion Metals. Hyperion recognises the potential of the breakthrough HAMR process based on a simple and elegant scientific principle to lead the titanium production industry away from the old, energy-intensive, and environmentally-challenging Kroll process. This is a historical opportunity to change how titanium is made with an energy-efficient, potentially zero-emission, and low-cost technology.”

www.hyperionmetals.us

www.blacksandtechllc.com

In the latest issue of PM Review…

Download PDF

Extensive Powder Metallurgy industry news coverage, and the following exclusive deep-dive articles and reports:

  • Phoenix Sintered Metals: A story of transformation, growth and community from America’s PM heartland
  • World PM2024 Yokohama: The stage is set for the PM industry to find a path to sustainable growth
  • The state of Europe’s hard magnets industry and the challenge of optimising the mass production of Nd2Fe14B permanent magnets

The latest news from the world of metal powders, delivered to your inbox

Don't miss any new issue of PM Review, and get the latest industry news. Sign up to our weekly newsletter.

Sign up

Join our community

Discover our magazine archive…

The free-to-access PM Review magazine archive offers unparalleled insight into the world of Powder Metallurgy from a commercial and technological perspective through:

  • Reports on visits to leading PM part manufacturers, metal powder manufacturers and industry suppliers
  • Articles on technology and application trends
  • Information on materials developments
  • Reviews of key technical presentations from the international conference circuit
  • International industry news

All past issues are available to download as free PDFs or view in your browser.

 

Browse the archive

 

Looking for PM production equipment, metal powders, R&D support and more?

Discover suppliers of these and more in our
advertisers’ index and buyer’s guide, available in the back of PM Review magazine.

  • Powders & materials
  • Powder process, classification & analysis
  • PM products
  • Atomisers & powder production technology
  • Compaction presses, tooling & ancillaries
  • Sintering equipment & ancillaries
  • Post-processing
  • Consulting & toll sintering
View online
Share via
Copy link