KOKOMO, Ind., Dec. 01, 2016 (GLOBE NEWSWIRE) -- Haynes International, Inc. (NASDAQ:HAYN), a leading developer,
manufacturer and marketer of technologically advanced high performance alloys, is pleased to announce the development of HAYNES®
233™ alloy. This alloy is expected to have excellent oxidation resistance coupled with superior creep strength at
temperatures up to 2100°F (or higher) - a combination of properties never before achieved in a readily fabricated alloy. The
alloy achieves its exceptional oxidation resistance through the formation of a protective alumina layer, while the high creep
strength is a result of solid-solution and carbide strengthening. Additionally, for use in intermediate temperature
applications the alloy can be age-hardened by heat treatment to produce even greater strength. Finally, the alloy can be readily
fabricated exhibiting very good hot workability, cold formability and weldability. Potential uses include applications in the
aerospace and industrial gas turbine, industrial heating, and emerging technology markets. Material is expected to be
available for trial evaluation as manufacturing progresses. Planned product forms include sheet, plate, billet, bar, wire,
pipe, and tube.
About Haynes International
Haynes International, Inc. is a leading developer, manufacturer and marketer of technologically advanced, nickel and
cobalt-based high-performance alloys, primarily for use in the aerospace, chemical processing and industrial gas turbine
industries.
Cautionary Note Regarding Forward-Looking
Statements
This press release contains statements that constitute "forward-looking statements" within the meaning of the Private
Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act
of 1934. All statements other than statements of historical fact, including statements regarding industry prospects and future
results of operations or financial position, made in this press release are forward-looking. In many cases, you can identify
forward-looking statements by terminology, such as “may”, “should”, “expects”, “intends”, “plans”, “anticipates”, “believes”,
“estimates”, “predicts”, “potential” or “continue” or the negative of such terms and other comparable terminology. Readers are
cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties.
Actual results may differ materially from those in the forward-looking statements as a result of various factors, many of which are
beyond the Company's control.
The Company has based these forward-looking statements on its current expectations and projections about
future events. Although the Company believes that the assumptions on which the forward-looking statements contained herein are
based are reasonable, any of those assumptions could prove to be inaccurate. As a result, the forward-looking statements based upon
those assumptions also could be incorrect. Risks and uncertainties, some of which are discussed in Item 1A. of Part 1 to the
Company’s Annual Report on Form 10-K for the fiscal year ended September 30, 2016, may affect the accuracy of forward-looking
statements.
The Company undertakes no obligation to publicly update or revise any forward-looking statements, whether as
a result of new information, future events or otherwise.
Contact: Ron Block Manager – Market and Business Development Haynes International, Inc. 765-456-6170