ATI and GE Aviation Announce Meltless Titanium Joint Venture
July 05 2017 - 7:45AM
Business Wire
Allegheny Technologies Incorporated (NYSE: ATI), a global leader
in the production of technically advanced specialty materials and
components, today announced a joint venture (JV) with GE Aviation
for the development of a new meltless titanium alloy powder
manufacturing technology. The JV will construct a new R&D pilot
production facility. The titanium alloy powders are being developed
for use in additive manufacturing applications, including 3D
printing.
ATI will provide operational, technical, and project support to
the joint venture. The joint venture will leverage ATI’s
technology, manufacturing, and quality leadership in the production
of specialty metal powders and premium-quality titanium and
nickel-based alloys for critical and technically advanced
applications. The JV will also draw upon GE Aviation’s engineering
and development capabilities and technical knowledge of the use of
alloyed titanium powders.
“We are pleased to join with GE Aviation to create this
innovative next-generation technology joint venture,” said Rich
Harshman, ATI’s Chairman, President and Chief Executive Officer.
“The science of specialty metal powders is a transformative
technology and we intend to maintain and enhance our
industry-leading position.”
“Developing new materials is an important part of our vision for
our business,” said David Joyce, vice chairman of GE and president
and CEO of GE Aviation. “ATI is a recognized leader in advanced
specialty materials, and we are excited about the collaboration
this new joint venture enables.”
This news release contains forward-looking statements within the
meaning of the Private Securities Litigation Reform Act of 1995.
Forward-looking statements are based on management's current
expectations and include known and unknown risks, uncertainties and
other factors, many of which we are unable to predict or control,
that may cause our actual results, performance or achievements to
materially differ from those expressed or implied in the
forward-looking statements. Additional information concerning
factors that could cause actual results to differ materially from
those projected in the forward-looking statements is contained in
our filings with the Securities and Exchange Commission. We assume
no duty to update our forward-looking statements.
Creating Value Thru Relentless Innovation™
ATI is a global manufacturer of technically advanced specialty
materials and complex components. With revenue of $3.2 billion for
the twelve-month period ending March 31, 2017, our largest market
is aerospace & defense, particularly jet engines. We also have
a strong presence in the oil & gas, electrical energy, medical,
automotive, and other industrial markets. ATI is a market leader in
manufacturing differentiated specialty alloys and forgings that
require our unique manufacturing and precision machining
capabilities and our innovative new product development competence.
ATI produces nickel-based alloys and superalloys, titanium alloys,
specialty alloys, stainless steels, and zirconium and other related
alloys in many mill product forms. We also are a leader in
producing nickel-based alloy and titanium-based alloy powders for
use in next-generation jet engine forgings and 3D-printed products.
ATIMetals.com
About GE Aviation
With 84 facilities and 44,000 employees worldwide, GE Aviation,
an operating unit of GE (NYSE: GE), is a world-leading provider of
jet and turboprop engines, components, integrated digital,
avionics, electrical power and mechanical systems for commercial,
military, business and general aviation aircraft. GE Aviation has a
global service network to support these offerings and is part of
the world's Digital Industrial Company with software-defined
machines and solutions that are connected, responsive and
predictive. For more information, visit us
at www.ge.com/aviation. Follow GE Aviation on Twitter
at http://twitter.com/GEAviation and YouTube
at http://www.youtube.com/user/GEAviation. GE Additive,
led by GE Vice Chairman David Joyce, is part of GE, the world’s
Digital Industrial Company, transforming industry with
software-defined machines and solutions that are connected,
responsive and predictive. GE is organized around a global exchange
of knowledge, the "GE Store," through which each business shares
and accesses the same technology, markets, structure and intellect.
Visit GE Additive at www.geadditive.com.
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version on businesswire.com: http://www.businesswire.com/news/home/20170705005464/en/
For ATI:Dan L. Greenfield, 412-394-3004orFor GE Aviation:Rick
Kennedy, 513-607-0609
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