- Email: [email protected]
TecSyn accepts proposed takeover by Exco
Sintering centre established A NEW centre focused on and sintered materials devices has been established at Penn State under the direction of Randall M. Chair German, Brush Professor in Materials. The Center for Innovative Sintered Product (CISP) formally started operations on 1 June 2000. The Center has absorbed the successful P/M lab and its 1500 plus square metre facility, and combined that with 35 faculty members from six academic departments across campus in an initiative focused on expanding the industrial understanding of sintering. Research activities are initially targeted at three ‘thrust’ areas: functionally designed structures, complex precision structures and time compression technology. The intention is that these targeted activities will improve the product quality, features, size range, shape, complexity, and material base for the industry, and
at Penn State
reduce the time to market and cost of product development. Management for CISP consists of a faculty team of four associate directors Paul Cohen (research), Renata Engel (education), Ronald Iacocca (outreach and service) and Irene Petrick (technology transfer and commercialization) and research thrust leaders for each of the three areas John Hellman (functionally designed structures), Robert Voigt (complex precision structures) and Sanjay Joshi (time compression technologies). Planning for CISP started in 1997 and operations started at the turn of this year. By the time of the official launch, 15 faculty-student-industry research projects were already in progress involving twelve undergraduates. A further ten undergraduates and 20 graduates will be added to the CISP operations by the fall, and participation is
anticipated to reach 120 faculty, staff, students and visiting scientists by the end of the first year. The research is complemented by goals in education, outreach, tech transfer, commercialization and laboratory services. The Center was awarded US$l million in funds by the Pennsylvania Technology Investment Authority in January 2000, and seed funds from Penn State. CISP is supported by 86 member companies at four membership levels, ranging from affiliate through to senior partner, who can industry participate in sponsored projects. Additional funding has come from research and and service contracts, benefactors, including the Center for Powder Metallurgy Technology (CPMT). In all $7.2 million has been identified in funding for the first year. Sharon Elder, CISP; tel: +l-814-865-2121; fax: +l814-863-8211.
/ In Brief.., Global supplier of process industry machinery and systems Metso Corp has acquired the outstanding third of the shares in Finnish PM company
I
Santasalo Powdermet Oy for an undisclosed sum. The shares were previously held by Sitra, the Finnish National Fund for Research and Development, with Metso already owning two-thirds of the company’s shares. Santasalo Powdermet specializes in the manufacture of machine parts using PM. The company employs 15 staff in Finland, Sweden and the UK. The company had 1999 net sales of E6 million.
Ningxia Nonferrous Metal Smelting Plant of China recorded sales of CNY730 million (about US$SS million) for 1999, an 18-fold increase in sales in the last five years. The company holds a 15% share of the international market for Ta powder.
TecSyn accepts proposed takeover by Exco
Wherever
powders are compacted
Instrument measuring sectional densities and local porosities by absorption of gamma radiation Improves the productivity of powder presses and the quality control of compacts and sintered parts. ??helps reduce press-setup
times 0 measures sectional densities and local porosities 0 can be installed in the lab or directly in the press shop area ??saves time required for density testing and is non-destructive 0 does not use liquids or other harmful substances 0 measures green compacts or sintered parts ??is applicable to all metals, hardmetals, ceramics, magnets, refractories, etc.... 0 PC controlled For more information,
radiation
source
marketing & service contact:
Dr.-lng. Georg Schlieper Martin-Luther-Str.54 D-42853 Remscheid Germany
Phone/Fax: +49-21 91-78 06 80 email: infoQgammatec.com http://www.gammatec.com
THE BOARDS of Toronto, TecSyn Canada-based International Inc and Exco Technologies Ltd have proposed approved a transaction under which Exco would acquire all the outstanding common shares of TecSyn. The proposed transaction is to be implemented by an amalgamation between TecSyn and Exco Acquisition Limited, a wholly owned subsidiary of Exco Technologies, for a cash price of about $48.6 $2.70 per million, or TecSyn share. through its TecSyn, TecSyn PMP subsidiary, advanced manufactures powdered metal cylinder utilizing the liners company’s proprietary cold isostatic compaction technology. The company is also
a leading global supplier of automotive restraint and convenience netting products. Exco produces precision engineered tooling primarily for the automotive and industrial markets. Exco believes that TecSyn will add an exciting element to its existing automotive according to business, company president Brian Robbins. Completion of the proposed transaction is conditional on satisfaction of certain conditions approval by including the shareholders of TecSyn, and receipt of any governmental necessary regulatory and other approvals. International TecSyn Inc; tel: +l-905-687-8811; fax: +l-905-687-6917.
at Penn State
reduce the time to market and cost of product development. Management for CISP consists of a faculty team of four associate directors Paul Cohen (research), Renata Engel (education), Ronald Iacocca (outreach and service) and Irene Petrick (technology transfer and commercialization) and research thrust leaders for each of the three areas John Hellman (functionally designed structures), Robert Voigt (complex precision structures) and Sanjay Joshi (time compression technologies). Planning for CISP started in 1997 and operations started at the turn of this year. By the time of the official launch, 15 faculty-student-industry research projects were already in progress involving twelve undergraduates. A further ten undergraduates and 20 graduates will be added to the CISP operations by the fall, and participation is
anticipated to reach 120 faculty, staff, students and visiting scientists by the end of the first year. The research is complemented by goals in education, outreach, tech transfer, commercialization and laboratory services. The Center was awarded US$l million in funds by the Pennsylvania Technology Investment Authority in January 2000, and seed funds from Penn State. CISP is supported by 86 member companies at four membership levels, ranging from affiliate through to senior partner, who can industry participate in sponsored projects. Additional funding has come from research and and service contracts, benefactors, including the Center for Powder Metallurgy Technology (CPMT). In all $7.2 million has been identified in funding for the first year. Sharon Elder, CISP; tel: +l-814-865-2121; fax: +l814-863-8211.
/ In Brief.., Global supplier of process industry machinery and systems Metso Corp has acquired the outstanding third of the shares in Finnish PM company
I
Santasalo Powdermet Oy for an undisclosed sum. The shares were previously held by Sitra, the Finnish National Fund for Research and Development, with Metso already owning two-thirds of the company’s shares. Santasalo Powdermet specializes in the manufacture of machine parts using PM. The company employs 15 staff in Finland, Sweden and the UK. The company had 1999 net sales of E6 million.
Ningxia Nonferrous Metal Smelting Plant of China recorded sales of CNY730 million (about US$SS million) for 1999, an 18-fold increase in sales in the last five years. The company holds a 15% share of the international market for Ta powder.
TecSyn accepts proposed takeover by Exco
Wherever
powders are compacted
Instrument measuring sectional densities and local porosities by absorption of gamma radiation Improves the productivity of powder presses and the quality control of compacts and sintered parts. ??helps reduce press-setup
times 0 measures sectional densities and local porosities 0 can be installed in the lab or directly in the press shop area ??saves time required for density testing and is non-destructive 0 does not use liquids or other harmful substances 0 measures green compacts or sintered parts ??is applicable to all metals, hardmetals, ceramics, magnets, refractories, etc.... 0 PC controlled For more information,
radiation
source
marketing & service contact:
Dr.-lng. Georg Schlieper Martin-Luther-Str.54 D-42853 Remscheid Germany
Phone/Fax: +49-21 91-78 06 80 email: infoQgammatec.com http://www.gammatec.com
THE BOARDS of Toronto, TecSyn Canada-based International Inc and Exco Technologies Ltd have proposed approved a transaction under which Exco would acquire all the outstanding common shares of TecSyn. The proposed transaction is to be implemented by an amalgamation between TecSyn and Exco Acquisition Limited, a wholly owned subsidiary of Exco Technologies, for a cash price of about $48.6 $2.70 per million, or TecSyn share. through its TecSyn, TecSyn PMP subsidiary, advanced manufactures powdered metal cylinder utilizing the liners company’s proprietary cold isostatic compaction technology. The company is also
a leading global supplier of automotive restraint and convenience netting products. Exco produces precision engineered tooling primarily for the automotive and industrial markets. Exco believes that TecSyn will add an exciting element to its existing automotive according to business, company president Brian Robbins. Completion of the proposed transaction is conditional on satisfaction of certain conditions approval by including the shareholders of TecSyn, and receipt of any governmental necessary regulatory and other approvals. International TecSyn Inc; tel: +l-905-687-8811; fax: +l-905-687-6917.