Boeing has decided to invest in a company that makes advanced metal-matrix composite products aimed at increasing sturdiness and efficiency.
Boeing HorizonX, a Chicago-based aerospace and automotive industry provider, made the decision to invest funds in Gamma Alloys, a California aluminum alloy supplier.
Boeing HorizonX Vice President Steve Nordlund described the practical appeal of Gamma’s products as a factor in Boeing’s investment. Gamma Alloys develops nano-reinforced aluminum mixtures for commercial use.
"The wear, strength, durability and machining characteristics of Gamma's materials have the opportunity to further reduce the weight of our products," said Nordlund. "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 was established in 2008 to pioneer next-generation alloy technology.
"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."
Boeing produces commercial jetliners and defense, space and security systems, supplying clients in 150 nations. Boeing HorizonX Ventures invests in international startups focused on far-reaching concepts and businesses.