Metal Powder Works (ASX:MPW) extended its contract with Westinghouse Electric for a further three months, moving into the next phase of its product development project, according to a Wednesday Australian bourse filing.
The next phase of collaboration is expected to take three months, and Metal Powder Works will advance and scale the ability to make powder feedstock via the DirectPowder process.
Its shares rose 3% in recent trading on Wednesday.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.