Investment in U.S. Metal Powders supports development of new aluminium alloy powders
July 30, 2018
U.S. Metal Powders’ US metal powder production facility Ampal, Inc., Palmerton, Pennsylvania, USA, has received a $10,000 investment from Ben Franklin Technology Partners of Northeastern Pennsylvania (BFTP/NEP). The investment is part of a wave of investments made in the region by BFTP/NEP, amounting to a total of $535,000 across ten companies, aimed at enabling Northeastern Pennsylvania to create a ‘better economic future by building partnerships that develop and apply technology for competitive advantage.’
The investment in U.S. Metal Powders/Ampal is for the completion of R&D work on aluminium alloy powders for new applications, enabling the company to optimise its high-strength alloy powder portfolio to expand its marketability and gain a competitive edge. The research into and development of these new powders will be undertaken in partnership with Lehigh University’s Enterprise Systems Center.
U.S. Metal Powders, Inc., markets its aluminium powders worldwide, offering a full-range of coarse to fine aluminium powders. It operates manufacturing facilities in Palmerton and Hermillon, France, and stated that it maintains a dedicated research team. Ampal, Inc. is said to be the largest producer of aluminium powders in North America.
Ben Franklin Technology Partners is an initiative of the Pennsylvania Department of Community and Economic Development and is funded by the Ben Franklin Technology Development Authority. Since beginning operation, the initiative has reportedly helped to start 511 new companies, and to develop 1,733 new products and processes. Since 2007, BFTP/NEP clients are said to have generated $1.5 billion in follow-on funding.