New CarTech® PremoMax™ Alloy Provides High-Strength and Toughness in Challenging Downhole Drilling Environments
May 03 2016 - 2:04PM
Carpenter Technology Corporation (NYSE:CRS) announced the
introduction today of PremoMax™, a new proprietary premium-melted
alloy steel, specifically developed for use in multiple downhole
drilling applications, such as mud motor shafts and related
components. Its attractive combination of high-strength, excellent
impact toughness, and good hardenability in large section sizes
provides superior performance in challenging environments.
Machinability and weldability, coupled with strength, hardness,
and fatigue resistance, make PremoMax alloy a cost-effective and
durable drilling solution for rigid formation and high-rotation
penetration demands.
Available in both billets and bars, PremoMax alloy is vacuum arc
remelted, which provides superior cleanliness, excellent high-cycle
fatigue strength, and outstanding fracture toughness. Due to its
moderate carbon content, PremoMax alloy is easily welded, providing
flexibility across numerous applications.
Carpenter Technology Corporation is participating in the
Offshore Technology Conference in Houston, Texas May 2-5. Carpenter
is located in Booth #1505.
About Carpenter Technology
Carpenter produces and distributes premium alloys, including
specialty alloys, titanium alloys and powder metals, as well as
stainless steels, alloy steels and tool steels. Information about
Carpenter can be found at http://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, 2015, Form 10-Q for the
quarters ended September 30, 2015, December 31, 2015, March 31,
2016, and May 2, 2016 and the exhibits attached to those filings.
They include, but are not limited to, statements regarding
PremoMax™ alloy and its properties, forms and uses. 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.
Media Inquiries:
William J. Rudolph, Jr.
610-208-3892
wrudolph@cartech.com
Investor Inquiries:
Brainerd Communicators
Brad Edwards
212-986-6667
edwards@braincomm.com
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