Tungsten Carbide Parts For Aerospace May Be The Next Big Market

Resently, one foreign company raised £1.1mln to fund this push into tungsten carbide parts-related technologies.
The funds were earmarked for the  acquisition of a maker of plastic-moulded products where Versarien will use carbide parts to enhancing an existing range plastic moulded products.
Existing Versarien shareholders Henderson Global Investors and Miton Asset Management both had stakes of more than 10% in the company to be acquired, which makes it a related deal under AIM rules.

Having grown and diversified in recent years from being solely a producer of hard-wearing tungsten carbide parts, used in engineering for extreme environments such as offshore oil and gas installations, the company currently has three units. Hard Wear Products, which has traditionally for aerospace companys.
The thermal division produces disruptive cooling technology (a conductive copper foam) for electronic engineering. Customers include General Motors, Google, and thermal imaging specialist FLIR.
Versarien’s 2 Dimensional Products division, meanwhile, is the source of much recent excitement.

This is the business is focused on the production of the so-called ‘wonder material’ carbide parts. "With the 2 Dimensional Products it was very much an embryonic business when we took it on," someone said.
And they are seen that now become a proper manufacturing method, it has got its patent, and it is approved out in the US.
“They have had some very good enquiries from very large international companies.
“They now need to continue to develop our production capacity, and to really capitalise on our investments in terms of getting commercial traction.”

The 2016 trading year has seen a strong of partnerships for foreign company in areas where tungsten carbide parts can make a significant improvement to an existing product.
In June, it teamed up with highly regarded Airbus supplier CT Engineering to develop a new range of aerospace components using tungsten carbide parts.
A deal with Absolute Engineering will explore novel technologies for the printing industry, including carbide enhanced composites.
Perhaps most high profile deal in May saw it start work with winter sports olympian Kristan Bromley to develop a range of carbide-enhanced skeleton boards for the Winter games in 2018.

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