TORONTO, ONTARIO, May 09, 2012 (MARKETWIRE via COMTEX) –
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(TM) 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(TM) alternative alongside
its conventional engineered hard chrome (EHC) Chromerod(TM) and
Chromrod Extreme(TM) 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(TM) coating
process provides significantly increased deposition rates, which
results in a significant corrosion resistance improvement and a
fatigue life credit. Our Nano-Cobalt(TM) 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(TM)-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
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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 RD,
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 email@example.com
SOURCE: Integran Technologies Inc.
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