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Boeing HorizonX Invests in Advanced Materials Producer Gamma Alloys 2017.11.02

Chicago, USA - November 01, 2017 - Boeing (NYSE: BA) announced its investment in Valencia, Calif.-based Gamma Alloys, a leader in aluminum alloys focused on developing advanced metal-matrix composites for use in aerospace, automotive and other industries. This investment by Boeing HorizonX Ventures, which was established earlier this year, is its first in advanced materials and machining development and applications.

Mark Sommer, CEO of Gamma Alloys, presenting a pitch at the 2017 Paris Airshow.
Photo courtesy of Gamma Alloys
 

Chicago, USA - November 01, 2017

• Applications could reduce weight and cost of materials

• Represents first Boeing HorizonX investment in advanced materials technology

Boeing (NYSE: BA) announced its investment in Valencia, Calif.-based Gamma Alloys, a leader in aluminum alloys focused on developing advanced metal-matrix composites for use in aerospace, automotive and other industries.

Photo courtesy of Gamma Alloys
 
This investment by Boeing HorizonX Ventures, which was established earlier this year, is its first in advanced materials and machining development and applications.

Gamma Alloys’ Director of Nanotechnology Research, Dr. Marco Curreli, presented a pitch at the 16th Annual NanoBusiness Commercialization Association Conference (NanoBCA), which was hosted at the law firm G&L Gates in Washington, DC.
Photo courtesy of Gamma Alloys
 
"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.
"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’ Director of Nanotechnology Research, Dr. Marco Curreli, presented a pitch at the 16th Annual NanoBusiness Commercialization Association Conference (NanoBCA), which was hosted at the law firm G&L Gates in Washington, DC.
Photo courtesy of Gamma Alloys
 
Gamma Alloys, founded in 2008, is pursuing breakthroughs in nano-reinforced aluminum alloys, where the aluminum is reinforced with microscopic particles, or nanoparticles.

Gamma Alloys’ Director of Nanotechnology Research, Dr. Marco Curreli, presented a pitch at the 16th Annual NanoBusiness Commercialization Association Conference (NanoBCA), which was hosted at the law firm G&L Gates in Washington, DC.
Photo courtesy of Gamma Alloys
 
These alloys provide increased stiffness, improved wear resistance, and greater strength than current materials across a wider range of temperatures.

Gamma Alloys has patented manufacturing procedures, utilizing nanotechnology, to reinforce aluminum alloys.
We achieve properties previously unreachable and enable applications so far unimagined.
We create metal-matrix-composites reinforced with artificial precipitates.
The result is materials with increased stiffness, improved wear resistance, and superior strength, at both room and elevated temperatures.
Photo courtesy of Gamma Alloys
 
Gamma Alloys is particularly focused on custom solutions where design engineers are currently limited in what they can create with traditionally available materials.

Photo courtesy of Gamma Alloys
 
"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.
"The decision to choose Boeing HorizonX Ventures was simple – the opportunity to partner with Boeing was too compelling to pass up."

Photo courtesy of Gamma Alloys
 
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.

Photo courtesy of Gamma Alloys
 
The Boeing HorizonX Ventures portfolio includes investments in autonomous systems technology, wearable enabled technologies, augmented reality systems, hybrid-electric propulsion and artificial intelligence.

Photo courtesy of Gamma Alloys
 
HorizonX also seeks unique business opportunities and non-traditional partnerships for the company's aerospace technology using disruptive innovations and business strategies.

Photo courtesy of Gamma Alloys
 
Chicago-based Boeing is the world's largest aerospace company and leading manufacturer of commercial jetliners and defense, space and security systems.

Photo courtesy of Gamma Alloys
 
A top U.S. exporter, the company supports airlines and U.S. and allied government customers in 150 countries.


Photo courtesy of Gamma Alloys
 

Courtesy of Gamma Alloys
 

Contact:

Megan Hilfer
Boeing Communications
425-237-2237
megan.e.hilfer@boeing.com  

Gabriela Villa
Gamma Alloys
661-775-1256
gabriela.villa@gammaalloys.com  


Photo courtesy of Gamma Alloys
 

Follow us on Twitter: @Boeing

Follow us on Twitter: @GammaAlloys


 
 
Sources:

Boeing

http://boeing.mediaroom.com/  

Gamma Alloys

http://gammaalloys.com/news/  



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