Air Products, Hardinge Collaborate to Offer Advanced Machining Technology for the Metals Industry
28 Abril 2005 - 5:58PM
PR Newswire (US)
Air Products, Hardinge Collaborate to Offer Advanced Machining
Technology for the Metals Industry LEHIGH VALLEY, Pa., April 28
/PRNewswire-FirstCall/ -- Air Products (NYSE:APD) and Hardinge
(NASDAQ:HDNG) today announced a marketing relationship that will
package advanced machining technologies to the North American
metals industry. The agreement - the first of its kind in the
industry - allows Hardinge to offer Air Products' ICEFLY(R)
machining technology as part of its QUEST(R) line of metal cutting
lathes. Hardinge QUEST lathes are used to cut metal into specific
shapes. The lathes rotate the metal, holding it in place while a
cutting tool shaves away material. This machining process generates
a great deal of heat, however, and higher temperatures limit
productivity. Air Products' ICEFLY machining technology uses
patented technology to overcome this problem. A jet of liquid
nitrogen, cooled to -320 degrees F, is sprayed on the insert and
leaves no residue on the machining equipment or the parts. The
ICEFLY machining technology also allows for precise cutting at
rates of up to 200 percent faster as compared to the cutting rates
achieved on the same lathe without the ICEFLY machining technology.
And the ICEFLY machining technology is designed to increase tool
life by up to 250 percent. Ultimately, its ability to offset the
extreme temperatures normally generated during the cutting of
hard-to-machine materials allows manufacturers to effectively
operate in the "fully hardened condition" - a condition that
includes the precise cutting of the strongest and hardest metals.
"This is the most complete and cutting-edge solution for machinists
today," explained Mike Epting, business manager at Air Products.
"Both Hardinge and Air Products are recognized market leaders, and
our technologies complement each other well. But while it's a great
business decision for each company, our customers are the real
winners." "Nowhere else will our customers be able to find such
high-performing, hard-turning options," added Hans Strey, Hardinge
hard turning specialist. "Our portfolio has just been significantly
enhanced with the ability to jointly market Air Products' ICEFLY
machining technology." The ICEFLY machining technology is being
marketed by Hardinge to customers looking for a cost-effective and
high-performing solution for hard-to-machine materials. ICEFLY
machining technology can be retrofitted to existing lathes at
customer sites, or added as an optional feature on a new Hardinge
QUEST lathe. Air Products and Hardinge will display the ICEFLY
machining technology on a Hardinge QUEST lathe at the Eastec
Machining Show in Springfield, Mass., from May 24-26. The
technology will be demonstrated at Hardinge booth #1341. ***NOTE:
This release may contain forward-looking statements. Actual results
could vary materially, due to changes in current expectations.
DATASOURCE: Air Products CONTACT: Media Inquiries: Tom Yencho,
+1-610-481-1192, e-mail: , or Investor Inquiries: Phil Sproger,
+1-610-481-7461, e-mail: , both of Air Products Web site:
http://www.airproducts.com/
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