PARIS, June 23, 2020 (GLOBE NEWSWIRE) -- Constellium SE (NYSE: CSTM) today announced the expansion of its portfolio of advanced aluminium solutions with the launch of Aheadd®, a new offer for high performance aluminium powders that exceed industry standards for additive manufacturing productivity and component properties.
Constellium’s new powders are designed and tailored based on customer needs for a wide range of applications including aerospace, motorsports and defense industries. Aheadd® solutions bring unmatched thermal stability, allowing replacement of titanium in selected applications to reduce weight and cost.
Constellium signed a contract with Poly-Shape, an AddUp company and a leader in the field of metal additive manufacturing for years, for the development and production of innovative components based on the new Constellium powders.
“As a global leader in innovative aluminium products and solutions, we are at the forefront of the evolving and fast changing additive manufacturing market, and we are proud to be expanding our portfolio to serve and meet the needs of our customers across all industries,” said Jean-Marc Germain, CEO of Constellium. “The global additive manufacturing market has great potential with new design and production possibilities, and we look forward to further expanding its potential by providing unique and high-performance aluminium powders customized for our customers.”
With 100 years of expertise in metallurgy and alloy development, Constellium is well positioned to serve its customers with unique expertise in aluminium alloy development for their additive manufacturing applications. Our experts at our C-TEC Research and Development center in Voreppe, France, are continuing to work and expand our additive manufacturing offer, with additional alloys that will offer new opportunities to our customers.
Constellium (NYSE: CSTM) is a global sector leader that develops innovative, value added aluminium products for a broad scope of markets and applications, including aerospace, automotive and packaging. Constellium generated €5.9 billion of revenue in 2019.
Certain statements contained in this press release may constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. This press release may contain “forward-looking statements” with respect to our business, results of operations and financial condition, and our expectations or beliefs concerning future events and conditions. You can identify forward-looking statements because they contain words such as, but not limited to, “believes,” “expects,” “may,” “should,” “approximately,” “anticipates,” “estimates,” “intends,” “plans,” “targets,” likely,” “will,” “would,” “could” and similar expressions (or the negative of these terminologies or expressions). All forward-looking statements involve risks and uncertainties. Many risks and uncertainties are inherent in our industry and markets, while others are more specific to our business and operations. These risks and uncertainties include, but are not limited to: market competition; economic downturn; disruption to business operations, including the length and magnitude of disruption resulting from the global COVID-19 pandemic; the inability to meet customer demand and quality requirements; the loss of key customers, suppliers or other business relationships; the capacity and effectiveness of our hedging policy activities; the loss of key employees; levels of indebtedness which could limit our operating flexibility and opportunities; and other risk factors set forth under the heading “Risk Factors” in our Annual Report on Form 20-F, and as described from time to time in subsequent reports filed with the U.S. Securities and Exchange Commission. The occurrence of the events described and the achievement of the expected results depend on many events, some or all of which are not predictable or within our control. Consequently, actual results may differ materially from the forward-looking statements contained in this press release. We undertake no obligation to update or revise any forward-looking statement as a result of new information, future events or otherwise, except as required by law.
|Ryan Wentling - Investor Relations||Delphine Dahan-Kocher - Communications|
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|Noemie Fierens - Communications, Europe|
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