I haven't Code case 2497-1 (and I have no reference on it)but I guess the mechanism of changing/ approval "new" titanium properties is something similar with case 2497-2.
It is the work of MTI "Materials Technology Institute", which is not-for-profit technology development organization representing private industry.
You can found some details on internet
http://www.mti-global.org/mti/t "Titanium has always had high initial costs, but even these costs have risen sharply during the past few years.
MC Consulting and MTI recognized that current technology might allow users to reduce the costs without compromising plant safety or reliability. The two organizations suspected strongly that the most commonly used grades of titanium are significantly stronger than the current ASTM Standards indicate.
To confirm this belief, MTI hired Jim McMaster of MC Consulting to evaluate existing data, determine the true strength of these alloys, and present the results to the Materials Properties Council (MPC) and ASME. If these groups agreed, then the allowable stresses for these grades could be increased, and the amount of titanium needed for most applications would be reduced."
To have more details, of course you have to procure Code cases 2497.
best regards.