AMG Advanced Metallurgical Group N.V. Subsidiary AMG Intellifast to provide Advanced Fastener Technology to Premium AEROTEC

By GlobeNewswire,  July 23, 2014, 11:41:00 AM EDT


AMSTERDAM, Netherlands, July 23, 2014 (GLOBE NEWSWIRE) -- AMG Advanced Metallurgical Group N.V. ("AMG", EURONEXT AMSTERDAM: "AMG") announces that its AMG Intellifast subsidiary has finalized a long-term supply agreement with Premium AEROTEC to supply advanced technology to measure load control pathways in the manufacture of airframe components. Under this five-year agreement, AMG Intellifast will supply ultrasonic products to provide precise measurements of the clamp load of the fasteners that are critical to maintain and monitor the Airbus A380 wing flaps.

"We are very excited about the opportunity to provide our innovative metallurgical technology to the aerospace industry and Premium AEROTEC." said Dr. Markus Holz, President of AMG Engineering, "It is our belief that this agreement, and future agreements, will serve the strategic interests of both companies."

AMG Intellifast's technology enables the fast and accurate measurement of the clamp load in bolted joints used in critical applications. Using ultrasonic measurement techniques, AMG Intellifast equips standard bolts with a permanent mounted ultrasonic transducer, which can provide accurate clamp load measurement during assembly and in the field. This provides precise information about the bolted joint condition and enables the use of a reduced tightening, lighter materials, and smaller fasteners, all of which are important factors in aerospace applications.

About AMG

AMG creates and applies innovative metallurgical solutions to the global trend of sustainable development of natural resources and CO2 reduction. AMG produces highly engineered specialty metal products and advanced vacuum furnace systems for the Energy, Aerospace, Infrastructure, and Specialty Metals and Chemicals end markets.

AMG Processing develops and produces specialty metals, alloys, and high performance materials.  AMG is a significant producer of specialty metals, such as ferrovanadium, ferronickel-molybdenum, aluminum master alloys and additives, chromium metal and ferrotitanium, for Energy, Aerospace, Infrastructure and Specialty Metal and Chemicals applications.  Other key products include specialty alloys for titanium and superalloys, coating materials and vanadium chemicals.

AMG Engineering designs and produces advanced vacuum furnace systems, and operates vacuum heat treatment facilities, primarily for the Aerospace and Energy (including solar and nuclear) industries.  Furnace systems produced by AMG include vacuum remelting, solar silicon melting and crystallization, vacuum induction melting, vacuum heat treatment and high pressure gas quenching, turbine blade coating and sintering.  AMG also provides vacuum case-hardening heat treatment services on a tolling basis.

AMG Mining produces critical materials utilizing its secure raw material sources in Africa, Asia, Europe, and South America.  AMG Mining produces critical materials such as high purity natural graphite, tantalum, antimony and silicon metal.  These materials are of significant importance to the global economy and are available in limited supply.  End markets for these materials include electronics, energy efficiency, green energy, and infrastructure.

With over 3,100 employees, AMG operates globally with production facilities in Germany, the United Kingdom, France, Czech Republic, United States, China, Mexico, Brazil, Turkey, Poland, India, and Sri Lanka, and has sales and customer service offices in Belgium, Russia, and Japan (www.amg-nv.com).  

For further information, please contact:

AMG Advanced Metallurgical Group N.V.         +1 610 975 4901

Jonathan Costello

Vice President of Corporate Development and Communications

jcostello@amg-nv.com

Disclaimer

Certain statements in this press release are not historical facts and are "forward looking".  Forward looking statements include statements concerning AMG's plans, expectations, projections, objectives, targets, goals, strategies, future events, future revenues or performance, capital expenditures, financing needs, plans and intentions relating to acquisitions, AMG's competitive strengths and weaknesses, plans or goals relating to forecasted production, reserves, financial position and future operations and development, AMG's business strategy and the trends AMG anticipates in the industries and the political and legal environment in which it operates and other information that is not historical information.  When used in this press release, the words "expects," "believes," "anticipates," "plans," "may," "will," "should," and similar expressions, and the negatives thereof, are intended to identify forward looking statements.  By their very nature, forward looking statements involve inherent risks and uncertainties, both general and specific, and risks exist that the predictions, forecasts, projections and other forward looking statements will not be achieved.  These forward looking statements speak only as of the date of this press release.  AMG expressly disclaims any obligation or undertaking to release publicly any updates or revisions to any forward looking statement contained herein to reflect any change in AMG's expectations with regard thereto or any change in events, conditions, or circumstances on which any forward looking statement is based.

AMG Intellifast July 23http://hugin.info/138060/R/1835450/637702.pdf

HUG#1835450

Source: AMG Advanced Metallurgical Group N.V.

This article appears in: News Headlines

Referenced Stocks: AMG, AMG


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