Elmet Group
Vertically integrated supplier of refractory metal powders (tungsten, molybdenum) and precision-engineered components for additive manufacturing, specializing in binder jetting and DED processes for aerospace and defense.
- CEO / Founder
- Peter Anania
- Team Size
- 101-500
- Stage
- IPO
- Total Funding
- $120.4M
- Latest Round
- IPO
- Key Investors
- Cantor Fitzgerald; Needham & Company; Canaccord Genuity; Roth Capital Partners
Technology & Products
Key Products
Tungsten and molybdenum metal powders for AM; Precision-engineered components (e.g., radiation shielding, rocket nozzles); High-power microwave systems; Additive manufacturing contract services for refractory metals
Technological Advantage
Proprietary spray-dried, plasma-densified spherical composite powder process (U.S. Patent No. 12,571,080) achieves ASTM B777 Class 1 specifications for tungsten heavy alloys, enabling high-density AM parts for extreme environments. This material advantage, combined with domestic production and existing qualification with major aerospace/defense customers, creates a defensible moat via IP and supply chain localization mandates.
Differentiation
Value Proposition
Provides a domestic, NDAA-compliant source of qualified tungsten heavy alloy powders and AM parts, reducing supply chain risk and lead times for critical defense and space programs while leveraging proprietary material science for superior part density and performance.
How They Differentiate
Unlike general metal powder suppliers, Elmet focuses exclusively on refractory metals (tungsten/molybdenum) with a vertically integrated model from powder to part. Its U.S. Patent 12,571,080 provides a specific process advantage for tungsten heavy alloy AM, and its domestic production and NDAA alignment offer a regulatory/compliance edge over foreign competitors for U.S. defense contracts.
Market & Competition
Target Customers
Aerospace OEMs (NASA, Lockheed Martin), defense contractors (Raytheon), national labs (Los Alamos), and medical device manufacturers requiring high-density, high-temperature components.
Industry Verticals
Aerospace; Defense; Government; Industrial; Medical
Competitors
H.C. Starck (now part of Masan High-Tech Materials); Sandvik Additive Manufacturing; Carpenter Technology
Growth & Milestones
Growth Metrics
Reported $201.64 million in revenue for the twelve months ending December 31, 2025, with net income of $5.54 million.
Major Milestones
April 2026: IPO on Nasdaq (ELMT) raising $120.4M; 2023: Acquisition of H.C. Starck Solutions Americas; Grant of U.S. Patent No. 12,571,080 for tungsten AM; Supplier for NASA Artemis II mission components
Notable Customers
NASA; Lockheed Martin; Raytheon; Los Alamos National Laboratory