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Composites Industry News


Ceramics Process Systems announces results

22nd March 2000 0 comments

Ceramics Process Systems Corporation announced net income of $238 thousand, on revenue of $4.8 million for the year ended January 1, 2000. This compares with a net income of $1.7 million, or $0.16 per basic share, $0.14 per diluted share, on revenue of $5.5 million for the year ended December 26, 1998. Grant Bennett, President said: “CPS ended 1999 a much stronger company than we were a year ago: our customer base is broader and our manufacturing capabilities have improved significantly as a result of investments in people and equipment”. CPS develops, manufactures and markets advanced metal-matrix composites for housing and providing thermal management of high-density electronics.

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Composite Mentor-Protege Program Wins Awards

22nd March 2000 0 comments

Lockheed Martin Missiles and Fire Control has won two of the prestigious Department of Defense (DoD) Nunn-Perry Awards for its outstanding performance on the DoD Mentor-Protege program, which partners established contractors with small disadvantaged businesses. In Dallas, Missiles and Fire Control’s small disadvantaged business partner, Tecnico Corporation of Chesapeake, Virginia, worked with the company to produce composite midsection housing tubes for the Patriot Advanced Capability-3 (PAC-3) Missile, the new missile being produced by Missiles and Fire Control – Dallas for the U.S. Army’s Patriot air defense system. Lockheed Martin provided a full-time project manager, who split time between Tecnico and Dallas, providing composites manufacturing technology support to Tecnico. Because of its involvement and commitment to the program, Tecnico has expanded into the manufacture of hyperbaric chambers, which has led to the company providing hyperbaric chambers under contract to the U.S. Navy.

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Reinhold Industries Purchases Samuel Bingham Company

22nd March 2000 0 comments

On March 9, 2000, Samuel Bingham Enterprises, Inc., a wholly-owned subsidiary of Reinhold Industries, Inc. purchased certain assets and assumed certain liabilities of Samuel Bingham Company for $15.5 million in cash. Samuel Bingham Company manufactures, sells and distributes products through 14 locations in the U.S. and Canada and employs a total workforce of approximately 250. Reinhold Industries, Inc. is a manufacturer of custom advanced composite components for the commercial aircraft seatback industry, the defense industry and other commercial industries.

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ZCL Composites Inc Signs Major Contracts

22nd March 2000 0 comments

ZCL Composites Inc. has been granted a four-year contract by Imperial Oil to supply fibreglass tanks and related products for use in its operations across Canada. In addition, the Company recently entered into long-term alliance agreements with Canadian Tire Corporation Limited and Wilson’s Fuel Company Ltd. under which it will supply fibreglass tanks and related products. Imperial Oil has been the Company’s largest customer and a cornerstone of the Company’s business in Canada for many years. ZCL has secured supply agreements with most of the major and independent oil companies in Canada and through these long-term relationships has become the industry leader in underground fuel storage.

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Composite Laser Cue!

22nd March 2000 0 comments

Brandmakers’ games and vending division, Gamosity, introduces the Laser Q. The Laser Q is a custom designed pool cue intended to help players of all levels sharpen their skills. Gamosity will unveil the Laser Q product on its new e-commerce website, (http://www.laserQ.com ). Brandmakers has devoted 18 months of research and development to the Laser Q project. Made of fiberglass and graphite composite materials, the cue is warp resistant and has a laser beam built into it to project a small red dot from a hole in the tip onto the cue ball. When a player sights along the cue, the pin point laser beam shows exactly where their cue should strike. Mirrors may be used to show various angles for bank shots.

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Beta Testing of Environmentally Friendly Resins

22nd March 2000 0 comments

Chemical technologies company, Recycled Solutions For Industry Inc. (RSI) announces independent laboratory testing and beta testing at a series of manufacturing facilities will begin shortly in relation to a new line of specialized, environmentally friendly, proprietary resins being developed by RSI for the composite materials industry. This rapidly growing sector is seeing the replacement of traditional construction and fabrication materials such as metal and wood with new lightweight, extremely strong composite materials. As one example, the automotive industry has moved aggressively into the use of composite materials for body construction.

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