Ruag Geco Super-Matrix frangibles

I noticed today a press release (from January) regarding the RWS Matrix line apparently being rebranded into Geco “Super-Matrix”, with the new packaging style that the Geco stuff like Hexagon is going with:

I wonder what the bullet composition is? I suppose copper powder is some binder like everyone else.

RUAG bought Precision Ammo in Florida (now RUAG USA) specifically for their Copper Matrix Frangible bullet. I suspect these are a development of that bullet, or maybe just a European produced copy of the old PA bullet. The name RWS Matrix suggests it is the old PA bullet.