Elmet Additive
Produces high-purity refractory metal powders (tungsten, molybdenum, niobium alloys) specifically engineered for additive manufacturing processes like LPBF and DED, enabling extreme-temperature and radiation-shielding components.
- CEO / Founder
- Derek Fox
- Team Size
- 201-500
- Stage
- IPO
- Total Funding
- $26.5M
- Latest Round
- IPO
- Key Investors
- Ampersand Ventures; Liberty Lane Partners
Technology & Products
Key Products
Pure Tungsten AM Powder; Pure Molybdenum AM Powder; TZM Molybdenum Alloy Powder; C103 Niobium Alloy Powder; FS-85 Niobium Alloy Powder
Technological Advantage
Proprietary powder metallurgy and AM process knowledge for refractory metals, protected by patents (e.g., US 12,571,080 for 'Fabrication of Metallic Parts by Additive Manufacturing'). This expertise, combined with full vertical integration, creates a defensible moat in a niche, high-barrier segment where few competitors have deep metallurgical roots. The advantage is protectable via IP and trade secrets around powder rheology and sintering processes.
Differentiation
Value Proposition
Provides the only US-owned, fully integrated supply of refractory metal AM powders, reducing lead times and supply chain risk for critical defense and aerospace programs while enabling complex, high-density parts impossible with conventional manufacturing.
How They Differentiate
Unlike generalist metal powder suppliers (Sandvik, Praxair) or German-based H.C. Starck, Elmet is the only US-owned, fully integrated producer focused exclusively on refractory metals, offering greater supply chain security for US defense programs. Its vertical control from ore to powder allows tighter quality control and faster iteration on alloy development for AM.
Market & Competition
Target Customers
Aerospace, defense, and medical OEMs requiring high-performance, high-temperature metal components; AM service bureaus and contract manufacturers specializing in refractory metals.
Industry Verticals
Aerospace; Defense; Medical Imaging; Semiconductor
Competitors
H.C. Starck (a subsidiary of Masan High-Tech Materials); Sandvik Additive Manufacturing; Praxair Surface Technologies (now Linde)
Growth & Milestones
Growth Metrics
Revenue of $201.6 million (current, per IPO filing); 362 employees; Annual revenue growth disclosed in IPO paperwork (specific percentage not found in provided sources).
Major Milestones
Founded in 1929; Recapitalized with investment by Ampersand Ventures and Liberty Lane Partners; Granted key US patent for refractory metal AM process (2026); Announced IPO roadshow for Nasdaq listing (2026); Strategic partnerships with TANIOBIS and EQ Resources secured
Notable Customers
NASA (supplier for Artemis II mission components)