3M and Aldila Announce Agreement
23 Novembro 2010 - 7:15PM
Marketwired
ALDILA, INC. (OTCQX: ALDA) (PINKSHEETS: ALDA) and 3M announced
today the signing of a Mutual Commercialization Agreement and a
Product Supply Agreement centered around 3M's unique Matrix Resins.
"Partnering with a world class organization such as 3M, one of
the world's most innovative companies, is an exciting opportunity
for Aldila. We view this as validation of our increasing
recognition and capability within the advanced composite materials
arena," said Peter R. Mathewson, Chairman and CEO of Aldila,
Inc.
"Aldila's 15 years of prepreg manufacturing experience and 38
years of experience in the fabrication of composite products gives
Aldila a unique insight in the sports and recreation markets," said
Vic Genco, General Manager, 3M Engineered Products and Solutions.
"Aldila's experience and reputation in sports and recreation
positions them to be the preferred partner for 3M in a growing
market. The potential for 3M Matrix Resin to add new possibilities
to Aldila's extensive product line is very exciting," Mr. Genco
said.
3M Matrix Resin, a proprietary resin technology, enables the
production of stronger, lighter, more durable composites. 3M's
proprietary resin technology makes it possible for manufacturers to
avoid the traditional tradeoff between toughness/flexibility and
stiffness/hardness; instead the resin improves performance
properties on both ends of the scale.
"Aldila's 'end use' approach gives our prepreg manufacturing a
distinct advantage in understanding composite material fabrication
processes, and how the material is utilized by our customers. We
are confident 3M Matrix Resin will give us an opportunity to bring
something unique to our customers," Mr. Mathewson said.
About Aldila
Aldila, Inc. is the premier manufacturer of high performance
graphite golf shafts. Major golf club companies, component
distributors and custom club makers use Aldila designed and
manufactured graphite shafts in golf clubs assembled and marketed
throughout the world. For additional information about Aldila,
Inc., please visit the Company's website at www.aldila.com.
Aldila also manufacturers from its state-of-the-art composite
materials facility, composite prepreg material for its golf shaft
business and a growing number of external customers involved in a
wide array of applications. For additional information about Aldila
Composite Materials, please visit our website at
www.aldilacompositematerials.com.
Aldila Contact: Robert J. Cierzan Sr. Vice President, Composite
Materials (858) 486-6970 bcierzan@aldila.com
About 3M
A recognized leader in research and development, 3M produces
thousands of innovative products for dozens of diverse markets.
3M's core strength is applying its more than 40 distinct technology
platforms -- often in combination -- to a wide array of customer
needs. With $23 billion in sales, 3M employs 75,000 people
worldwide and has operations in more than 65 countries. For more
information, visit www.3m.com or follow @3MNews on Twitter. 3M is a
trademark of 3M.
3M Public Relations Contact: Connie Thompson (651) 733-8914 Or
Karwoski & Courage Public Relations Michael Gugala (612)
342-9604 m.gugala@creativepr.com
This press release contains forward-looking statements based on
our expectations as of the date of this press release. These
statements necessarily reflect assumptions that we make in
evaluating our expectations as to the future. Forward-looking
statements are necessarily subject to risks and uncertainties. Our
actual future performance and results could differ from that
contained in or suggested by these forward-looking statements as a
result of a variety of factors. Our filings with the Securities and
Exchange Commission and OTC Disclosure and News Service present a
detailed discussion of the principal risks and uncertainties
related to our future operations, in particular our Annual Report
on Form 10-K for the year ended December 31, 2009, under "Business
Risks" in Part I, Item 1, and "Management's Discussion and Analysis
of Financial Condition and Results of Operation" in Part I, Item 7
of the Form 10-K, and reports on Form 10-Q and Form 8-K, all of
which can be obtained at www.sec.gov. Our future filings will be
included on the OTCQX U.S. Premier website, which can be found at
www.otcqx.com.
Investor/Media Contacts: Scott M. Bier Vice President, CFO
Sylvia J. Castle Investor Relations Aldila, Inc. (858) 513-1801
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