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Metal Powder Works Limited ( (AU:MPW) ) just unveiled an announcement.
Metal Powder Works has signed a Powder Partner agreement with Canadian firm CenterLine to co-develop advanced metal powder materials for cold spray applications, targeting automotive tooling. The deal leverages MPW’s DirectPowder technology and CenterLine’s Supersonic Spray Technologies cold spray platform, providing MPW with a new alloy, Kirksite, and a strategic entry into the global automotive sector.
The collaboration is anchored by demand from an automotive customer to evaluate Kirksite, a zinc-aluminium alloy widely used in tooling across automotive, aerospace and defence. By developing Kirksite powders for cold spray repair and prototyping, MPW is addressing an estimated USD 100-300 million automotive market, broadening its powder portfolio and extending its cold spray validation into a new end-market.
CenterLine’s established relationships with major automotive OEMs and Tier-1 suppliers, and its operations across seven countries, offer MPW an accelerated path to commercialisation. Initial development and validation work will begin immediately, with the partners aiming to deliver cold spray tooling solutions that extend tool life, cut downtime and lower manufacturing costs, strengthening MPW’s positioning in next-generation tooling technologies.
The most recent analyst rating on (AU:MPW) stock is a Hold with a A$3.00 price target. To see the full list of analyst forecasts on Metal Powder Works Limited stock, see the AU:MPW Stock Forecast page.
More about Metal Powder Works Limited
Metal Powder Works Limited is an ASX-listed specialty materials company focused on engineered metal powders produced via its patented DirectPowder process. Its portfolio spans more than 25 materials, including high-strength aluminium, copper alloys, titanium and nuclear-grade alloys, serving aerospace, defence, energy and now increasingly automotive tooling markets.
Average Trading Volume: 197,818
Technical Sentiment Signal: Sell
Current Market Cap: A$413.5M
For detailed information about MPW stock, go to TipRanks’ Stock Analysis page.