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Boeing HorizonX Invests in Advanced Materials Producer Gamma Alloys
CHICAGO–Boeing has invested in Valencia, Calif.-based Gamma Alloys, a manufacturer of lightweight, reinforced aluminum alloys that is focused on developing advanced metal-matrix composites for use in aerospace, automotive, and other industries.
The investment by Boeing HorizonX Ventures, which was established in 2017, is its first in advanced materials and machining development and applications. Chicago-based Boeing manufactures commercial jetliners and defense, space, and security systems. As a major U.S. exporter, the company supports airlines and U.S. and allied government customers in 150 countries.
"The wear, strength, durability, and machining characteristics of Gamma’s materials have the opportunity to further reduce the weight of our products," said Steve Nordlund, vice president of Boeing HorizonX, in a press release. "The traction that Gamma Alloys has gained in automotive, energy, and aerospace reinforces our confidence that Gamma has a unique set of materials."
Gamma Alloys (http://gammaalloys.com), founded in 2008, is pursuing breakthroughs in nano-reinforced aluminum alloys, where the aluminum is reinforced with microscopic particles, or nanoparticles. These alloys are said to provide increased stiffness, improved wear resistance, and greater strength than current materials across a wider range of temperatures. Gamma Alloys is particularly focused on custom solutions where design engineers are currently limited in what they can create with traditionally available materials.
"With funding from Boeing, we will explore compelling applications across demanding industries, such as aerospace, while accelerating our nanoparticle material development and the full-scale industrialization of our manufacturing processes," said Gamma Alloys CEO Mark Sommer, in the release. "The decision to choose Boeing HorizonX Ventures was simple–the opportunity to partner with Boeing was too compelling to pass up."
By leveraging the power of the world’s largest aerospace company, Boeing HorizonX invests in new business ventures to unlock the next generation of game-changing ideas, products, and markets. The Boeing HorizonX Ventures portfolio includes investments in autonomous systems technology, wearable enabled technologies, augmented reality systems, hybrid-electric propulsion, and artificial intelligence. HorizonX also seeks unique business opportunities and non-traditional partnerships for the company’s aerospace technology using disruptive innovations and business strategies.
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