Companies to Explore Applications for Innovative Composite Technology
LOS ANGELES--(BUSINESS WIRE)--Jun. 17, 2015--
Ducommun
Incorporated (NYSE: DCO) (“Ducommun” or the “Company”) today
announced that it has finalized a cooperative research agreement with Airbus
under which the companies will jointly develop commercial aerospace
applications using Ducommun’s FoamMatrix™ technology, an advanced
resin-transfer molding process. The two entities will explore potential
uses for flight surfaces under the terms of the agreement, which was
finalized at the Paris Air Show in Le Bourget, France.
Ducommun’s FoamMatrix technology is a unique process that utilizes
proprietary materials; the process offers weight and cost savings while
producing a high-strength end product.
“This agreement with Airbus is an important step in Ducommun’s strategy
to deliver new and innovative solutions for our customers within the
commercial aerospace industry,” said Anthony J. Reardon, chairman and
chief executive officer. “We are excited to work together to develop
advanced applications using FoamMatrix, which we believe offers inherent
value due to its weight and net shape characteristics – resulting in
lightweight aircraft structures without compromising strength or
increasing cost.”
Francois Mery, senior vice president of aerostructures procurement for
Airbus, added, “The cooperative research agreement with Ducommun will
allow us to explore the full potential of FoamMatrix, which we feel is a
remarkable innovation that aligns with Airbus’ commitment to reducing
environmental impact and bringing cost and performance benefits to the
airline industry as well as to the traveling public at large.”
About Ducommun Incorporated
Founded in 1849, Ducommun Incorporated provides engineering and
manufacturing services to the aerospace, defense, and other industries
through a wide spectrum of electronic and structural applications. The
company is an established supplier of critical components and assemblies
for commercial aircraft and military and space vehicles as well as for
the energy market, medical field, and industrial automation. It operates
through two primary business units – Ducommun AeroStructures (DAS) and
Ducommun LaBarge Technologies (DLT). Additional information can be found
at www.ducommun.com.
Statements contained in this press release regarding other than
recitation of historical facts are forward-looking statements. These
statements are identified by words such as “may,” “will,” “begin,” “look
forward,” “expect,” “believe,” “intend,” “anticipate,” “should”,
“potential,” “estimate,” “continue,” “momentum” and other words
referring to events to occur in the future. These statements reflect the
Company’s current view of future events and are based on its assessment
of, and are subject to, a variety of risks and uncertainties beyond its
control, including, but not limited to, the state of the world
financial, credit, commodities and stock markets, and uncertainties
regarding the Company, its businesses and the industries in which it
operates, which are described in the Company’s filings with the
Securities and Exchange Commission. The Company is under no obligation
to (and expressly disclaims any such obligation to) update or alter its
forward-looking statements whether as a result of new information,
future events or otherwise.
View source version on businesswire.com: http://www.businesswire.com/news/home/20150617006372/en/
Source: Ducommun Incorporated
Ducommun Incorporated
Joseph P. Bellino
Vice President and
Chief Financial Officer
310.513.7211
or
Investor Relations
Chris
Witty
646.438.9385
cwitty@darrowir.com
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