Carpenter’s Alabama Facility Approved for Aerospace Alloy
June 17 2015 - 5:31AM
Business Wire
High-Temp Alloy Receives First VAP Approval
at Newest Facility
Carpenter Technology Corporation (NYSE:CRS) announced today that
a leading European aerospace engine manufacturer has approved the
manufacture of a nickel-based high-temperature alloy at our new
manufacturing facility in Athens, Alabama. The Vendor Approved
Process (VAP) was finalized on Tuesday.
“We are beginning to see the realization of our vision for
Athens, although it is still early in the overall qualification
process,” said Gregory A. Pratt, Capenter’s Chairman, President and
Chief Executive Officer. “By approving this nickel-based
high-temperature alloy for use in its aerospace engines, this
leading manufacturer has shown confidence in our ability to meet
very stringent criteria.”
Carpenter began operations in Athens in January 2014 and is
currently undergoing multiple qualification approvals, some of
which take more than 24 months to complete.
The recently approved nickel-based alloy is used in aerospace
engine rings.
Learn about our aerospace capabilities and the new Alabama
facility at www.cartech.com/aerospace.
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, 2014, Form 10-Q for the
quarters ended September 30, 2014, December 31, 2014, and March 31,
2015, and the exhibits attached to those filings. They include, but
are not limited to, statements regarding approval of the
manufacture of a nickel-based high-temperature alloy at our new
manufacturing facility in Athens, Alabama, the finalization of the
VAP, our ability to meet stringent criteria, and the ability to
obtain multiple qualification approvals. Carpenter undertakes no
obligation to update or revise any forward-looking statements. The
forward-looking statements in this document are intended to be
subject to the safe harbor protection provided by Section 27A of
the Securities Act of 1933, as amended, and Section 21E of the
Securities Exchange Act of 1934, as amended. Carpenter undertakes
no obligation to update or revise any forward-looking
statements.
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version on businesswire.com: http://www.businesswire.com/news/home/20150617005516/en/
Carpenter Technology CorporationMedia Inquiries:William J.
Rudolph, Jr., 610-208 -3892wrudolph@cartech.comorInvestor
Inquiries:Michael A. Hajost, 610- 208-3476mhajost@cartech.com
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