RE:Biggest steel maker in world climate action plansStill a startup Co.These plasma torches seems to be in the planning phase. If you look over it's latest financial statements most of the Co good fortune came from its timely investment in HPQ-Silicon Resources Inc. - for 42 M$. profit. a 10 to 1 on their investment in shares and warrants bought 2 years ago.
But such a good thing wont repeat every year .Otherwise operating loss would have been 1,3 M$ l which is a noteworthy improvement relative to the preceding 12 months loss : 8,1 M$. If the co can monetize their investment in HPQ they will be in a good position to commercialise their patents. They need to have some assets to have credibility proposing in front of these major Cos.
For now they seems to plan having a footstep into metallic powders used in 3D printers going from the prototyping phase to commercial solution for small to medium run.
In the press release ( april 20th) their "client" is not reavealed. Could it be about Elon Musk Spacex and their Velo3d planned printers acquisition ?- this would be a major devlopment - BUT FOR NOW IT IS JUST SPECULATION