Metal Powder Works (ASX:MPW) signed a contract with Westinghouse Electric to supply metal powders to allow Westinghouse to assess its powders for manufactured components for the nuclear energy sector, according to a Monday Australian bourse filing.
While the contract is not material from a financial perspective, the firm believes the formalization of a commercial relationship with one of the nuclear energy companies is material.
It added that it is working to secure additional commercial contracts as part of its strategic rollout.
Its shares fell 4% in recent trading on Monday.
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