RE:RE:RE:RE:Annual report – WHAT YOU NEED TO KNOWteddygva wrote:
All LOI seems to have gone nowhere
Well not quite. At least there is this that we're aware of. An update would be nice at some point.
Cerium-Scandium Aluminum Alloy Program Agreement
On February 27, 2020, the Company announced signing a Program Agreement with Eck Industries (“ECK”) located in Manitowoc, Wisconsin, to pursue novel alloy development of a combined cerium-scandium aluminum alloy, based on previous work done independently by the companies in this area.
The companies intend to pursue alloy refinements in both wrought and cast alloy applications, specifically targeting property improvements related to strength, corrosion resistance, and heat-working tolerance,principally in A5000 series alloys.
Program Highlights:
x Joint economic and technical support to alloy design,
x Joint sharing of previous data, and new data produced from this program,
x Samples production for customer trials, either as cast products, or wrought sample shapes for
various potential customers and alloy manufacturers,
x Initial high value application expected to be in marine applications, and
x Program work is protected by existing patent applications filed by ECK.