Boeing announced on 1 November that its recently established venture capital arm, HorizonX, has invested funds in California-based advanced materials manufacturer Gamma Alloys.
Following the establishment of HorizonX in April, the company has made a series of investments in technology companies, but this will be the first in advanced materials and machining development and applications.
Gamma Alloys develops aluminium alloys and focuses on developing advanced metal-matrix composites for use in the aerospace and automotive industries, among others.
The characteristics of the materials developed by Gamma Alloys will reduce the weight of the company’s aircraft, Steve Nordlund, vice-president of HorizonX, said, adding that the company has already gained traction in the aerospace industry.
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