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Elmet Technologies

MaterialsLewiston, Maine, USAFounded 1929· One of 1019 Materials companies tracked by AMPulse

Elmet Technologies manufactures high-purity refractory metals including molybdenum, tungsten, and niobium products and alloys, supported by precision machining, advanced fabrication capabilities, and an expanding portfolio in additive manufacturing powders.

CEO / Founder
Derek Fox
Team Size
201-500
Stage
Subsidiary
Total Funding
$2M
Latest Round
Private Equity
Key Investors
Anania & Associates Investment Company LLC

Technology & Products

Key Products

Elmet Technologies manufactures high-performance tungsten, molybdenum, and related alloys in various forms including plate, sheet, foil, rod, wire, and high-purity powders. Their products are used in medical imaging collimators, sputtering targets, crucibles, sintering boats, and furnace hot zones.

Technological Advantage

Vertically integrated operations with precision engineering, ensuring rigorous quality control and secure supply chains, while expanding into additive manufacturing powders.

Differentiation

Value Proposition

Provides high-quality refractory metals and alloys with a reliable US-based supply chain, precision machining, and advanced fabrication capabilities to meet exacting industry specifications.

How They Differentiate

A fully integrated, US-based supply chain with advanced manufacturing, custom engineering capabilities, and strategic expansions in niobium and additive manufacturing powders.

Market & Competition

Target Customers

Companies in aerospace, defense, semiconductor, medical, energy, lighting, electronics, thin film coating, automotive, and industrial furnace industries

Industry Verticals

Aerospace, Defense, Semiconductor, Medical, Energy, Lighting, Electronics, Thin Film Coating, Automotive, Industrial Furnaces

Competitors

Boston Metal, Tetramer Technologies, Sylhan

Growth & Milestones

Growth Metrics

Parent The Elmet Group IPOed on NASDAQ (ELMT) in Apr 2026 raising ~$120M; Elmet Tech operates as CMC subsidiary with ~400 employees across ME/OH/MI (>500k sq ft). Jun 2026: $4.3M U.S. Department of War contract to expand Mo/AM defense manufacturing capacity.

Major Milestones

Founded in 1929, Acquisition by Anania & Associates Investment Company LLC (2015), Partnership with TANIOBIS (2023), Acquisition of H.C. Starck Solutions Americas (2023), Reorganization into The Elmet Group (Jan 2 2026), Parent The Elmet Group Co. NASDAQ IPO ELMT ~$120M (Apr 2026), U.S. Patent 12,571,080 for refractory metal AM (Mar 2026), $4.3M U.S. Department of War contract for Mo defense components (Jun 2026)

Notable Customers

Elmet Technologies serves industries including defense, aerospace, medical, semiconductor, lighting, electronics, thin-film, automotive, chemical processing, and glass melting.

https://www.elmettechnologies.com

Recent coverage of Elmet Technologies

AM patents

AM-relevant patents linked to this company.

Patents
2
Granted
1
Families
2

Leading domains: material (2), process (2)

Filings by year: 2024: 1 · 2016: 1

  1. Fabrication of metallic parts by additive manufacturing12571080 · US
  2. FABRICATION OF METALLIC PARTS BY ADDITIVE MANUFACTURING20240278314 · US

Funding rounds

  • Funding Round$2.0M2017-10-04Lead: Anania & Associates Investment Company LLC

Equipment deals on record

Publicly disclosed purchases or installs only.

All equipment activity