Mingteng International, Jilin University partner to develop hot-work die steel

Mingteng International’s (MTEN) Wuxi Mingteng Mould Technology signed a technology development entrustment agreement with Jilin University to collaborate on the development of a new hot-work die steel for die-casting molds, effective from December 26, 2024 to December 26, 2027. This strategic initiative aims to enhance the Company’s technical capabilities to align with international industry leaders while tapping into the growing demand for high-quality aluminum alloy die-castings. Following the Entrustment Agreement, Wuxi Mingteng has agreed to commission JLU and provide background technical data to jointly develop the new hot-work die steel for die-casting molds. In return, Wuxi Mingteng will be granted free usage right for any patents resulting from the development project. Upon completion of the three-year development project, the Company expects an average die-casting lifespan exceeding 80,000 cycles, significantly better thermal fatigue performance compared to imported 8407 die steel, and a 40% reduction in overall material costs. Wuxi Mingteng has also completed fabrication of molds using the first batch of trial die steel materials under the development project. These molds have been delivered to selected customers for preliminary application testing. Based on initial customer observations, the materials have performed in accordance with expectations. Wuxi Mingtengy intends to proceed with further small-batch validation to continue assessing consistency and suitability for commercial use.