Integran and Enduro Industries Extend their License Agreement for the Nanovate(TM) CoP Electroplating Process
(firmenpresse) - TORONTO, ONTARIO -- (Marketwire) -- 05/09/12 -- Toronto-based Integran Technologies, Inc. (Integran) today announced that it has reached an agreement with Enduro Industries LLC (Enduro) to extend Enduro's license exclusivity term for Integran's nanocrystalline Cobalt electroplating process, Nanovate™ CoP, in the US fluid power market by five years.
Enduro Industries LLC of Hannibal, Missouri, a subsidiary of PTC Alliance, and a major manufacturer of hard chrome steel bars and tubes for the fluid power industry, has successfully marketed a corrosion and wear resistant Nano-Cobalt™ alternative alongside its conventional engineered hard chrome (EHC) Chromerod™ and Chromrod Extreme™ product lines.
"The extension of the exclusivity agreement with Enduro is a natural progression of the mutually beneficial commercial relationship between our two companies and recognizes Enduro's technical and commercial achievements in their main markets to date", said Dr. Gino Palumbo, Integran's President and CEO. "Furthermore, this agreement will now extend to other Cobalt-based Nanovate coatings systems and a new field repair process recently developed by Integran."
"The exclusivity extension will enable Enduro to scale up our production capability and to diversify into other segments of our core markets. Compared to EHC coatings, the Nano-Cobalt™ coating process provides significantly increased deposition rates, which results in a significant corrosion resistance improvement and a fatigue life credit. Our Nano-Cobalt™ coatings have been well received in the market and have enabled us to penetrate new applications and offer unique benefits into some of the most challenging fluid power environments", said Andrew Moline, Enduro's Vice President, Operations.
Integran originally developed Nanovate™-CoP as an alternative to hard chrome electroplating with funding assistance from the U.S. Department of Defense Strategic Environmental Research and Defense Program (SERDP) and Environmental Security Technology Certification Program (ESTCP) as well as from Industry Canada's Technology Partnership Canada (TPC) program, the Strategic Aerospace and Defense Initiative (SADI) program and Sustainable Development Technology Canada (SDTC).
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About Integran Technologies, Inc.
Integran is a world leader in advanced metallurgical nano-technologies, providing a broad international base of customers with advanced process & product design solutions through R&D, material sales, contract manufacturing and technology licensing. Integran and its predecessor organizations have been at the forefront of metallurgical nano-technology development for over twenty years. Integran has established an international reputation for excellence in materials technology development and commercialization. Integran owns the intellectual property rights for the cost-effective production of metallurgical nano-structures with over 250 patents dealing with the structure, composition, processing and application of its revolutionary materials.
About Enduro Industries LLC
Enduro Industries LLC is one of the largest suppliers of chrome and nano-cobalt plated bar in North America and specializes in the hard chrome plating and induction hardening of carbon steel shafting and tubing for hydraulic cylinder rod applications. Enduro uses three different plating technologies in the production of its products: standard chrome plating; Chromerod Extreme plating; and nano-cobalt phosphorous plating. Enduro is a global supplier to major OEM and hydraulic cylinder manufacturers. Applications include earth moving, construction, agriculture, timber harvesting, car transporters, material handling, forklifts, and mobile access platforms.
Contacts:
Integran Technologies Inc.
Paco Gonzalez
VP Process Development
416 675 6266 x260
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Datum: 09.05.2012 - 12:00 Uhr
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News-ID 144390
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"Integran and Enduro Industries Extend their License Agreement for the Nanovate(TM) CoP Electroplating Process"
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