Carpenter Technology Begins Production of Industry’s First High-Strength, Low-Oxygen Titanium Powder
June 20 2017 - 1:00AM
Carpenter Technology Corporation (NYSE:CRS) announced today the
production of CARTECH® PURIS 5+™, the market’s first high-strength,
low-oxygen titanium powder solution.
A custom composition of Ti-6AI-4V that meets all
Grade 5 specifications, CARTECH PURIS 5+ signals a breakthrough in
additive manufacturers’ ability to better control oxygen content
inherent to their processes without compromising powder
strength.
“Balancing oxygen levels with desired strength
properties is a challenge in additive manufacturing. CARTECH
PURIS 5+ provides the simultaneous optimization of powder
recyclability and strength, alleviating concerns about using low
oxygen powder (to maximize powder reuse) while still exceeding
standard strength requirements,” explained Michael Murtagh,
Carpenter’s Chief Technology Officer. “CARTECH PURIS 5+ makes this
balance easier, more efficient, and more effective from the start
and throughout the titanium powder lifecycle.” CARTECH PURIS 5+ is
Carpenter Technology’s first major powder product introduction
since its acquisition of Puris, LLC earlier this year.
Carpenter experts in powder metallurgy and additive
manufacturing will be available at the International Paris Air Show
Le Bourget 2017, held Monday, June 19 through Sunday, June 25, Hall
5, Stand E232.
“The future of aerospace hinges on advancing
additive manufacturing technology,” added Tony R. Thene,
Carpenter’s Chief Executive Officer. “It’s an exciting, yet complex
process with enormous potential, and it requires extensive
metallurgical expertise, in addition to quality powder products.
Carpenter Technology is well-positioned to provide these
value-added solutions to
customers.”
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 or 3D Printing. Information
about Carpenter can be found at www.cartech.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 the production and
properties of CARTECH® PURIS 5+™. 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
Investor Inquiries:
Brainerd Communicators
Brad Edwards
+1 212-986-6667
edwards@braincomm.com
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