Carpenter Broadens Reach in 3D Printing Market
19 June 2017 - 6:00PM
Carpenter Technology Corporation (NYSE:CRS) has entered into a
supply relationship with Burlington, Massachusetts-based Desktop
Metal, Inc., utilizing more than 20 CarTech® alloy grades to be
used in Desktop Metal’s end-to-end metal 3D printing systems. The
powders will be used in premium materials cartridges. The new
partnership reinforces Carpenter’s position as a leading global
producer of specialty wire and powder metals for additive
manufacturing.
“As we develop technology for next generation
manufacturing solutions, it is essential to collaborate with
innovative partners,” said Tony R. Thene, Carpenter Technology’s
Chief Executive Officer. “Leveraging the combined capabilities of
Desktop Metals and Carpenter Technology, we will undoubtedly bring
enhanced value to this rapidly growing market,” he added.
“We are excited to include Carpenter Technology
in our materials catalog,” said Ric Fulop, CEO and Co-Founder of
Desktop Metal. “When you a have a supplier whose stellar reputation
for material quality, technical expertise, and market diversity is
known throughout the industry, it will only help our customers
succeed in the metal 3D printing market.”
Carpenter Technology's aerospace and powder
capabilities will be on display at the International Paris Air Show
(Hall 5, Stand E232) beginning Monday, June 19th.
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.
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 Carpenter’s supply
relationship and source of powder material for Desktop Metal.
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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