ATI and GE Aviation Announce Meltless Titanium Joint Venture
5 July 2017
Allegheny Technologies Incorporated, a global leader in the production of technically advanced specialty materials and components, today announced a joint venture (JV) with GE Aviation for the development of a new meltless titanium alloy powder manufacturing technology. The JV will construct a new R&D pilot production facility. The titanium alloy powders are being developed for use in additive manufacturing applications, including 3D printing.
ATI will provide operational, technical, and project support to the joint venture. The joint venture will leverage ATI’s technology, manufacturing, and quality leadership in the production of specialty metal powders and premium-quality titanium and nickel-based alloys for critical and technically advanced applications. The JV will also draw upon GE Aviation’s engineering and development capabilities and technical knowledge of the use of alloyed titanium powders.
“We are pleased to join with GE Aviation to create this innovative next-generation technology joint venture,” said Rich Harshman, ATI’s Chairman, President and Chief Executive Officer. “The science of specialty metal powders is a transformative technology and we intend to maintain and enhance our industry-leading position.”
“Developing new materials is an important part of our vision for our business,” said David Joyce, vice chairman of GE and president and CEO of GE Aviation. “ATI is a recognized leader in advanced specialty materials, and we are excited about the collaboration this new joint venture enables.”
This news release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are based on management's current expectations and include known and unknown risks, uncertainties and other factors, many of which we are unable to predict or control, that may cause our actual results, performance or achievements to materially differ from those expressed or implied in the forward-looking statements. Additional information concerning factors that could cause actual results to differ materially from those projected in the forward-looking statements is contained in our filings with the Securities and Exchange Commission. We assume no duty to update our forward-looking statements.