Carpenter Technology and Samuel, Son & Co. Combine Additive Manufacturing Capabilities
June 19 2017 - 1:00AM
Carpenter Technology Corporation (NYSE:CRS) and Samuel, Son &
Co. today announced a first of its kind strategic alliance between
the two companies to provide end-to-end supply chain solutions for
the additive manufacturing marketplace. With a full spectrum of
additive manufacturing capabilities now available to customers
across both companies, this new alliance provides customers with
turnkey solutions specific to their needs. Samuel’s recent purchase
agreement with Burloak Technologies, an industry supplier of
highly-engineered additive manufacturing solutions, provides an
excellent opportunity for Carpenter and Samuel to become an
industry leading solutions provider from concept to delivery within
additive manufacturing. Carpenter’s position as a leading global
producer of powder metals and specialty wire for additive
manufacturing, combined with Samuel’s manufacturing, metal
processing and distribution expertise, and Burloak’s world class
additive manufacturing design and development capabilities, offers
a collaboration of expertise across all aspects of the additive
manufacturing spectrum.
"This partnership brings a real shift in approach for customers
who are looking for answers that additive manufacturing can solve,”
said Peter Adams, President, Burloak Technologies. “The Burloak,
Samuel, Carpenter collaboration is truly one-of-a-kind in the
metals industry.”
Tony R. Thene, Chief Executive Officer of Carpenter Technology
Corporation said, “Samuel and Carpenter have added a new dimension
to additive manufacturing in terms of end-to-end capabilities. With
the ability to now offer customers the powder of their choosing,
material qualification, design, prototyping, production, and
delivery is truly remarkable.”
With full access to R&D and design engineering capabilities
through this strategic alliance, customers will be able to solve
real-time contract needs in a seamless manner by utilizing
expertise across the entire additive manufacturing production
spectrum. “It’s comparable to one-stop shopping for our customers,”
said Bill Chisholm, Samuel’s President and CEO. “What we are
providing is an integrated supply chain solution in an industry
with unbelievable potential.”
Carpenter Technology's aerospace and powder capabilities will be
on display at the International Paris Air Show (Hall 5, Stand E232)
beginning Monday, June 19. Samuel, Son & Co. and Burloak
Technologies will also be at the Paris Air Show displaying their
wide array of capabilities in Chalet B19.
About Carpenter Technology
Carpenter Technology Corporation is a leading producer and
distributor of premium specialty alloys, including titanium alloys,
nickel and cobalt based superalloys, stainless steels, alloy steels
and tool steels. Carpenter’s high-performance materials and
advanced process solutions are an integral part of critical
applications used within the aerospace, transportation, medical and
energy markets, among other markets. Building on its history
of innovation, Carpenter’s powder technology capabilities support a
range of next-generation products and manufacturing techniques,
including additive manufacturing and 3D Printing. Information
about Carpenter can be found at www.cartech.com.
About Samuel, Son & Co.
Founded in 1855, Samuel, Son & Co. is a family-owned and
operated, integrated network of metal manufacturing, processing and
distribution divisions. With over 4,800 employees and 100+
facilities, Samuel provides seamless access to metals, industrial
products and related value-added services. Supporting over
40,000 customers, we leverage our industry expertise, breadth of
experience and the passion of our people to help drive success for
North American business – one customer at a time. For more
information, visit www.samuel.com.
About Burloak Technologies
Burloak Technologies, part of the family of Samuel companies, is
a leading supplier of highly-engineered additive manufacturing
solutions for clients with demanding applications in high-tech
industries worldwide. Burloak delivers high quality, lightweight,
fully functional additive manufactured parts for low to medium
volume applications across a range of industries including: space,
aerospace, defense, energy, medical, automotive, and
transportation. In-house engineering, manufacturing and
metrology capabilities make Burloak one of the few full-service
suppliers in the industry. Together with its clients, Burloak works
to re-create component and process specifications and move additive
manufacturing from a prototyping technology to a certified
production technology. For more information, visit
www.burloaktech.com.
Forward-Looking Statements
This news release contains forward-looking statements within the
meaning of the Private Securities Litigation Reform Act of 1995.
These forward-looking statements are based on management’s current
expectations and are subject to risks, uncertainties and other
factors that could cause actual results to differ from those
projected, anticipated or implied. The most significant of these
uncertainties are described in Carpenter's filings with
the Securities and Exchange Commission, including its annual
report on Form 10-K for the year ended June 30, 2016, and the
quarterly reports on Form 10-Q for the quarters
ended September 30, 2016, December 31, 2016, March 31,
2017, and the exhibits attached to those filings. They include, but
are not limited to, statements regarding a strategic alliance
between Carpenter and Samuel, Son & Co., and additive
manufacturing capabilities. Carpenter undertakes no obligation to
update or revise any forward-looking statements.
Media Inquiries:
William J. Rudolph, Jr.
+1 610-208-3892
wrudolph@cartech.com
Denny Allen
+1 416-992-6621
denny.allen@samuel.com
Carpenter Technology (NYSE:CRS)
Historical Stock Chart
From Mar 2024 to Apr 2024
Carpenter Technology (NYSE:CRS)
Historical Stock Chart
From Apr 2023 to Apr 2024