BALTIMORE, Md. and TOLEDO, Ohio, June
2 /PRNewswire/ -- Applied NanoStructured Solutions LLC
(ANS), a wholly-owned subsidiary of Lockheed Martin Corporation
(NYSE: LMT) and Owens Corning (NYSE: OC) have signed a joint
development agreement to support the commercialization of
carbon-enhanced reinforcements.
Under the agreement, the companies plan to combine the carbon
infusion technology of ANS with Owens Corning's reinforcements
expertise to create a family of next-generation composite
materials. The companies expect the carbon-enhanced reinforcements
to be scalable to meet the demands of large-volume applications and
provide mechanical properties with customizable electrical and
thermal conductivity.
"Joining together with Owens Corning is a natural next step as
we look to scale up our production capabilities," said Jeff Napoliello, president of ANS. "We expect
that this agreement will permit us to shorten the development time
to produce customizable material attributes for commercial and
defense applications."
"This agreement builds on key strengths of both companies to
drive the speed and efficiency in bringing new materials to
market," said Chuck Dana, president
of the Owens Corning Composite Solutions Business. "Potential
applications range from wind turbines for renewable energy to
protective packaging for electronics to composite armor for defense
applications."
Owens Corning is a leading global producer of residential and
commercial building materials, glass-fiber reinforcements and
engineered materials for composite systems. A Fortune 500 Company
for 56 consecutive years, Owens Corning is committed to driving
sustainability by delivering solutions, transforming markets and
enhancing lives. Founded in 1938, Owens Corning is a market-leading
innovator of glass-fiber technology with sales of $4.8 billion in 2009 and about 16,000 employees
in 28 countries on five continents. Additional information is
available at www.owenscorning.com.
Headquartered in Bethesda, Md.,
Lockheed Martin is a global security company that employs about
136,000 people worldwide and is principally engaged in the
research, design, development, manufacture, integration and
sustainment of advanced technology systems, products and services.
The Corporation reported 2009 sales of $45.2
billion.
Safe Harbor Statement / Forward-Looking Statements:
Some of the statements contained in this press release are
considered "forward-looking statements" under the federal
securities laws. Forward-looking statements include, but are
not limited to statements regarding: future plans to combine the
carbon infusion technology of both companies to development of new
materials to introduce to the marketplace, shortened development
times, and increased production capabilities. These forward-looking
statements are subject to risks, uncertainties and other factors
that may cause actual results to differ materially from the future
results expressed or implied by the forward-looking statements.
Potential risks and uncertainties include, but are not limited to:
(a) difficulties and delays associated with developing
technologically advanced new materials and products; (b) the
potential that lower cost alternatives may be developed and
introduced in the marketplace sooner; and (c) other risks and
uncertainties detailed from time to time in each company's filings
with the Securities and Exchange Commission. All information
in this release is as of June 2, 2010. Both companies
disclaim any duty to update forward-looking statements to reflect
subsequent events, actual results or changes in expectations.
SOURCE Lockheed Martin