Dana Corporation Signs Two Agreements to Further Develop AtmoPlas(TM) Technology
June 29 2005 - 12:33PM
PR Newswire (US)
Dana Corporation Signs Two Agreements to Further Develop
AtmoPlas(TM) Technology TOLEDO, Ohio, June 29
/PRNewswire-FirstCall/ -- Dana Corporation (NYSE:DCN) announced
today that it has signed separate development agreements with two
leading heat-treating system manufacturers to further develop
Dana's AtmoPlas(TM) technology. (Logo:
http://www.newscom.com/cgi-bin/prnh/19990903/DANA ) Under the terms
of the agreements, ALD Vacuum Technologies AG and RUBIG GmbH &
Co. KG will become licensees of Dana's AtmoPlas microwave
atmospheric plasma technology and utilize the technology as they
develop next-generation heat-treating equipment. ALD plans to
develop and manufacture carburizing systems utilizing the AtmoPlas
technology, and Rubig plans to incorporate Dana's technology into
nitriding processes. In turn, Dana plans to utilize this advanced
technology in its heat-treating processes. The agreements with both
companies could be expanded beyond their initial focus to include
other applications in the future. "These joint-development
agreements are exciting next steps as we move toward fully
commercializing Dana's AtmoPlas technology," said Chuck Heine,
president of technology development for Dana. "ALD and Rubig bring
a wealth of heat-treating expertise in the areas of carburization
and nitriding, and we look forward to working with them as
important equipment-building partners." Dana's AtmoPlas process
generates and sustains plasma at atmospheric pressure - without
costly vacuum equipment - to effectively harness microwave energy.
Within seconds, temperatures can reach 1,200 degrees Celsius, and
there is no known upper temperature limit. This reduces cycle times
and can lead to lower energy use. Other key benefits include lower
operating and maintenance costs and an overall reduction in capital
investment. "Like Dana, both ALD and Rubig embrace the development
of new technologies and believe in delivering the greatest
efficiency and quality," said Heinz- Ubbo Eilks, executive vice
president of business development and technology at Dana. "As early
adopters of this technology, ALD and Rubig will be able to offer
their customers more advanced heat treating than is currently
available. Dana is excited to be working with these companies as we
fully leverage the practical uses of the AtmoPlas technology." Dana
has identified many potential uses for its AtmoPlas(TM) technology
and has successfully completed the proof-of-concept and technical
and commercial analyses for carburization and nitriding. The
company is working to commercialize additional applications for
AtmoPlas technology, including hardening, sintering, brazing, and
annealing. Potential surface-treatment applications include
hard-material coatings such as DLC, oxides, and plasma cleaning.
Dana has applied for more than 20 patents for AtmoPlas(TM)
technology, and was recently awarded its first patent for joining
metal. Recent findings indicate that the AtmoPlas process may
revolutionize engine combustion, as well. ALD Vacuum Technologies
AG of Hanau, Germany, is the leading supplier of process
technologies and services in the field of vacuum metallurgy and
vacuum heat treatment. With subsidiaries in the United States,
Japan, and the United Kingdom, as well as more than 70
representatives worldwide, ALD supplies markets such as high-grade
special steel, power-generation, environment, aviation,
photo-voltaic, material producers, and automotive suppliers. Based
in Austria, RUBIG(R) GmbH & Co. KG is a major supplier to
commercial heat-treatment and coating companies, especially those
in the automotive and aerospace industries. Founded in 1946, Rubig
is a specialist in plasma nitriding and has joint ventures in
Canada, the Czech Republic, Slovakia, and Austria. The company's
Website is http://www.rubig.com/. Dana people design and
manufacture products for every major vehicle producer in the world.
Dana is focused on being an essential partner to automotive,
commercial, and off-highway vehicle customers, which collectively
produce more than 60 million vehicles every year. A leading
supplier of axle, driveshaft, engine, frame, chassis, and
transmission technologies, Dana employs 46,000 people in 28
countries. The company is based in Toledo, Ohio, and reported sales
of $9.1 billion in 2004. Dana's Internet address is
http://www.dana.com/.
http://www.newscom.com/cgi-bin/prnh/19990903/DANA
http://photoarchive.ap.org/ DATASOURCE: Dana Corporation CONTACT:
Jeff Cole of Dana Corporation, +1-419-887-3535, or Web site:
http://www.dana.com/ http://www.rubig.com/ Company News On-Call:
http://www.prnewswire.com/comp/226839.html
Copyright
Dana (NYSE:DCN)
Historical Stock Chart
From Jun 2024 to Jul 2024
Dana (NYSE:DCN)
Historical Stock Chart
From Jul 2023 to Jul 2024