Highlights

  • Metal Powder Works (ASX:MPW) secured its largest production order to date, valued at approximately US$200,000 for pure copper powder.
  • The order represents the company’s first entry into the copper infiltration segment of the press-and-sinter market.
  • MPW is accelerating its DirectPowder capacity expansion target of 800 tonnes annually to the first half of 2027.
  • The company is expanding its commercial footprint across additive Manufacturing and advanced industrial applications.

Metal Powder Works (ASX:MPW) is progressing from technology development towards early commercialisation after securing its largest production order to date and expanding into a new segment of the metal powder market.

The specialty materials company, which produces metal powders using its proprietary DirectPowder process, announced on 24 August 2026 that it had received a purchase order from Embassy Powdered Metals for pure copper powder.

The order provides further validation of MPW’s technology platform while supporting the company’s strategy of increasing production capacity and entering additional industrial applications.

Commercial Milestone

MPW secured a purchase order valued at approximately US$200,000, equivalent to around A$275,000, from Embassy Powdered Metals for pure copper powder.

The order marks the company’s first commercial entry into the copper infiltration segment of the press-and-sinter market.

Copper infiltration is an established powder metallurgy process used to improve density, strength and dimensional accuracy in manufactured components.

The initial order is scheduled for delivery during 2026, with potential follow-on orders expected as Embassy expands production, although additional orders have not yet been contracted.

The agreement expands MPW’s commercial reach beyond its existing customer base and provides another application pathway for its DirectPowder technology.

Capacity Expansion

The Embassy order follows MPW’s decision to accelerate its production expansion strategy.

The company is bringing forward its target of approximately 800 tonnes of installed annual DirectPowder capacity from 2028 to the first half of 2027.

Management believes the accelerated capacity rollout will allow MPW to support increasing customer Demand across additive manufacturing and powder metallurgy markets.

The company’s distributed DirectPowder production model is designed to provide customers with greater Supply chain flexibility, shorter lead times and reduced reliance on centralised powder production facilities.

The expansion program is expected to position MPW to pursue additional commercial opportunities as production capability increases.

DirectPowder Technology

MPW’s core technology is based on DirectPowder, a patented process designed to convert premium metal bar stock into specification-grade powder without traditional melting.

The company has developed metal powders across multiple material categories, including aluminium, copper, titanium and specialty alloys.

The technology is aimed at addressing challenges associated with conventional powder production methods, including material yield, supply chain flexibility and production economics.

MPW is targeting applications across additive manufacturing, defence, aerospace, automotive and advanced industrial sectors.

The company believes its production approach can support customers requiring specialised powders while improving supply reliability.

Growth Opportunities

The expansion into copper infiltration adds another potential market opportunity for MPW beyond additive manufacturing.

Copper powders are used across multiple industrial applications where conductivity, strength and precision are important characteristics.

The company’s entry into the press-and-sinter market broadens its addressable customer base and demonstrates the potential for DirectPowder to serve multiple manufacturing processes.

MPW continues developing commercial relationships across advanced manufacturing markets while increasing production capacity to support future demand.

The company has previously highlighted opportunities across aerospace, defence, nuclear and industrial applications where specialised metal powders are required.

Commercial Development

MPW has continued building its commercial platform as it moves towards larger-scale production.

The company has focused on expanding customer engagement, validating its powder products and increasing manufacturing capability.

The latest Embassy order represents an important step because it demonstrates commercial demand outside MPW’s existing customer base.

Management expects additional opportunities to emerge as customers become more familiar with the DirectPowder platform and as expanded capacity becomes available.

The company’s ability to convert customer interest into repeat production orders will remain an important measure of progress.

Key Focus Areas

Investors will continue monitoring the execution of MPW’s accelerated capacity expansion program.

The timing of additional production units, commissioning progress and ability to achieve targeted installed capacity will be important indicators.

The conversion of the Embassy relationship into potential follow-on orders will also provide insight into commercial scalability.

Future customer wins across copper, additive manufacturing and other industrial applications will be key to assessing demand for DirectPowder.

Risks

MPW remains an early-stage industrial technology company transitioning towards larger-scale commercial operations.

Scaling production capacity involves execution risks, including equipment commissioning, customer qualification requirements and achieving consistent production output.

While the Embassy order validates market interest, repeat orders and broader commercial adoption remain dependent on customer demand and successful product performance.

The company also operates in competitive markets with established powder production technologies and suppliers.

Future growth may require continued Investment in manufacturing capacity, which could create additional funding requirements.

Future Outlook

Metal Powder Works enters the next phase of development with increasing commercial validation, a growing production capability and broader market exposure.

The first copper infiltration order represents an important expansion beyond existing applications and supports the company’s strategy of diversifying its customer base.

The accelerated DirectPowder capacity expansion program provides a pathway towards supporting larger commercial opportunities as demand develops.

The key challenge ahead will be converting early customer wins into repeat orders and building a scalable Revenue base across advanced manufacturing markets.