PWR (ASX:PWH) has received a grant for $985,000 from the Australian government through the Australian Space Agency to develop and manufacture its proprietary Micro Matrix Heat Exchanger (MMX) technology for space applications.
PWR’s thermal management products are currently used in Formula 1, aerospace, and the Original Equipment Manufacturer (OEM) sectors, among others.
The company says its MMX technology has been proven in these sectors and variants of the technology present a large opportunity for global export when used in complex thermal management systems for spacecraft and supporting platforms.
PWR will optimise materials and processes to advance technology readiness level to ensure MMX resilience in extreme environmental and thermal conditions, suitable for critical support systems in space.
The ‘Moon to Mars’ grants program is part of the broader $150 million Moon to Mars initiative and seeks to grow Australia’s sovereign space industry, ensuring it is in a position to support the US-led public-private Moon to Mars exploration program, including NASA’s Artemis mission.
PWR’s Managing Director Kees Weel says the company is thrilled it was chosen to receive funding to further develop its MMX technology for space applications.
“Our team here at PWR strives to be at the forefront of innovation and development and the grant is a testament to their skills and commitment to growing our aerospace and defence business.”
Combined with testing, evaluation, and quality manufacturing, PWR provides clients with cooling solutions for a diverse range of applications.
The resources sector is an integral supplier of minerals and metals for the aerospace and defence industries.
Some are critical components in aircraft, armoured vehicles, weapons, sensors (radars, optronics systems), as well as for communications controls and computers, intelligence applications, and reconnaissance systems.
Everything from aluminium and antimony, to bauxite, bismuth, cobalt, copper, gallium, indium, lithium, magnesium, nickel, praseodymium, rhodium to tantalum, tin, ytterbium, zinc, and zirconium are used.
Write to Adam Orlando at Mining.com.au
Images: PWR
