Barber-Nichols, A Graham Corporation Company, Supplied Critical Turbomachinery Components for Universal Hydrogen’s Fuel Cell Powered Aircraft
October 19 2023 - 4:15PM
Business Wire
Graham Corporation (NYSE: GHM) (“GHM” or the “Company”), a
global leader in the design and manufacture of mission critical
fluid, power, heat transfer, and vacuum technologies for the
defense, space, energy, and process industries, today announced
that its wholly owned subsidiary, Barber-Nichols, supplied ethylene
glycol water pumps to Universal Hydrogen for its Dash 8 turboprop,
deemed to be the world’s largest hydrogen fuel cell powered
aircraft.
Matt Malone, VP and General Manager – Barber-Nichols, commented,
“We are proud to have been instrumental in the success of Universal
Hydrogen’s accomplishments in clean air travel. This project
demonstrates Barber-Nichol’s ability to collaborate with our
customers to meet their complex technical needs, utilizing our
engineering and manufacturing expertise. Barber-Nichols wants to
congratulate the Universal Hydrogen team on their successful
flights and recent milestones.”
Universal Hydrogen has now achieved ten test flights as the
company drives toward its goal of commercial entry into service in
2026. Universal Hydrogen also received its G-1 Issue Paper from
Federal Aviation Administration (FAA), a milestone which is
required to certify the airworthiness and environmental standards
of hydrogen-powered aircraft.
Mr. Malone added, “Hydrogen as a clean, alternative fuel is
gaining traction in aerospace and transportation, or the mobility
market in general. We believe the engineering expertise we have
demonstrated translates to many adjacent applications. We plan to
leverage our expertise in high power, critical turbomachinery
equipment that can operate in challenging environments to capture
more opportunities in this growing market segment.”
About Graham Corporation GHM is a global leader in the
design and manufacture of mission critical fluid, power, heat
transfer and vacuum technologies for the defense, space, energy,
and process industries. The Graham Manufacturing and
Barber-Nichols’ global brands are built upon world-renowned
engineering expertise in vacuum and heat transfer, cryogenic pumps,
and turbomachinery technologies, as well as its responsive and
flexible service and the unsurpassed quality customers have come to
expect from the Company’s products and systems.
Graham Corporation routinely posts news and other important
information on its website, grahamcorp.com, where additional
information on Graham Corporation and its businesses can be
found.
About Universal Hydrogen Universal Hydrogen is making
hydrogen-powered commercial flight a near-term reality. The company
takes a flexible, scalable, and capital-light approach to hydrogen
logistics by transporting it in modular capsules over the existing
freight network from green production sites directly to the
airplane anywhere in the world. The company is targeting regional
and narrowbody/single aisle airplanes as the near-term and most
impactful decarbonization opportunities. Universal Hydrogen is also
working to certify a powertrain conversion kit to retrofit existing
regional aircraft to fly on hydrogen.
Safe Harbor Regarding Forward Looking Statements This
news release contains forward-looking statements within the meaning
of Section 27A of the Securities Act of 1933, as amended, and
Section 21E of the Securities Exchange Act of 1934, as amended.
Forward-looking statements are subject to risks, uncertainties
and assumptions and are identified by words such as “believe,”
“expects,” “anticipates,” “should,” ”may”, “will,” “plan” and other
similar words. All statements addressing operating performance,
events, or developments that Graham Corporation expects or
anticipates will occur in the future, including but not limited to,
its ability to secure new projects and the profitability of future
projects and the business, and growth and opportunities in its
markets, are forward-looking statements. Because they are
forward-looking, they should be evaluated in light of important
risk factors and uncertainties. These risk factors and
uncertainties are more fully described in Graham Corporation’s most
recent Annual Report filed with the Securities and Exchange
Commission (the “SEC”), included under the heading entitled “Risk
Factors”, and in other reports filed with the SEC.
Should one or more of these risks or uncertainties materialize
or should any of Graham Corporation’s underlying assumptions prove
incorrect, actual results may vary materially from those currently
anticipated. In addition, undue reliance should not be placed on
Graham Corporation’s forward-looking statements. Except as required
by law, Graham Corporation disclaims any obligation to update or
publicly announce any revisions to any of the forward-looking
statements contained in this news release.
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version on businesswire.com: https://www.businesswire.com/news/home/20231019112429/en/
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dpawlowski@keiadvisors.com
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