Innovative sustainable metal powders company continues rapid advancement in commercialization efforts and new product development

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HOUSTON,TX – June 10, 2024 – Continuum Powders, the leader in high-performance, sustainable metal powders, today announced the completion of its official rebrand from MolyWorks and the appointment of Rob Higby as the company’s new chief executive officer.

Rob Higby takes the baton of leadership from the previous CEO Phil Ward, who will now assume the role of President, Asia Pacific, where he will lead Continuum’s Asia Pacific operations and customer success. Since2020, Mr. Ward has led the organization through customer adoption, IP development, quality systems certification and the establishment of funding partnerships.  

“I’m excited to be partnering with Rob as we accelerate our metal powder and service offerings to our customers,” stated Phil Ward, President, Asia Pacific. “Rob’s experience and track record of delivering next-generation manufacturing and MRO services to customers is the perfect focus for Continuum as we scale our global business being served out of Texas, California and Singapore.”  

Mr. Higby is a seasoned expert in building world-class teams that deliver unmatched service levels of next-generation offerings for customers. Most recently, Rob served as an Executive Partner with AEA Investors, where he led the firm's Aerospace & Defense investment practice. He led several investments for the firm and advised other companies, includingVelo3D Inc., where he also served as Advisor to the Board of Directors and interim Chief Commercial Officer. Prior to AEA, Rob served as CEO of TurbineAero, an auxiliary power unit (APU) services MRO, which he grew to a top 25 private company in the state of Arizona in 2019. His proven track record of delivering results and fostering a culture of innovation will serve him well to lead Continuum Powders into the future.

“I’m delighted to be joining the Continuum Powders team,”stated Rob Higby, chief executive officer of Continuum Powders, “Continuumcombines our industry’s best engineers and service professionals with anunmatched value proposition that will lead our industry in the years anddecades to come. I look forward to working with the amazing professionals inour company and taking our powder lifecycle management value proposition toeach of our customers and industry thought leaders.”

Under the rebrand, MolyWorks Materials Corporationchanged its corporate naming to Continuum Powders Corporation to become asingle, unified brand that more accurately represents the future anddifferentiators of the company. All company assets, patents, employees andlocations are now officially Continuum Powders.

Continuum Powder's technology offers a distinct advantageover traditional metal powder delivery and service methods by providing astreamlined powder lifecycle management process that significantly reducesenergy consumption and carbon emissions. Investors recognize the transformativepotential of Continuum's approach, which delivers high-quality,cost-competitive metal powders while minimizing environmental impact.

For more information onContinuum Powders products and service details, visit www.continuumpowders.com 

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About Continuum Powders

Continuum Powders is the leader in high-performance, sustainablemetal powders with locations across the United States and Singapore. Continuum is the creator of TheGreyhound M2P (melt to powder) Platform, a patented cradle-to-cradle process ofrecycling alloyed metal waste-stream products into powder in a singleprocessing step. The platform affords customers the same high-quality sphericalmetal powder they use today while contributing significantly to theirdecarbonization and sustainability programs by utilizing Continuum Powders’nearly carbon-free powder materials.

Continuum Powders is the onlycompany that can combine industry-leading quality with extreme alloyflexibility, supply chain independence, and cost competitiveness whiledramatically reducing carbon footprint versus traditional powders. For moreinformation on Continuum Powders products, please visit www.continuumpowders.com.

About Ara Partners

Ara Partners is a global private equity and infrastructureinvestment firm focused on industrial decarbonization. Founded in 2017, AraPartners seeks to build and scale companies with significant decarbonization impact across the industrial andmanufacturing, chemicals and materials, energy efficiency and green fuels, andfood and agriculture sectors. The company operates from offices in Houston,Boston, Washington, D.C., and Dublin. Ara Partners closed its third privateequity fund in December 2023 with over $2.8 billion in capital commitments. Asof December 31, 2023, Ara Partners had approximately $6.2 billion of assetsunder management.

For more information about Ara Partners, please visit www.arapartners.com.

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