buhg1b
17 years ago
Press Release
Release date: May 1, 2008
Lloyd Instruments Launches Unique PET Intrinsic Viscosity Test Instrument
LARGO, FL-- Lloyd Instruments, a unit of AMETEK Measurement & Calibration Technologies, has launched the Davenport(TM) PETPlus Intrinsic Viscosity Measurement Instrument. This new compact stand-alone instrument offers significant benefits for determining the intrinsic viscosity (IV) of moisture-sensitive PET polymers, avoiding both the costs and the environmental hazard of handling and disposal of toxic solvents. The PETPlus also measures the degradation factor and provides the mean and standard deviation for each batch.
The PETPlus is supplied with a convenient integral nitrogen regulation valve for easy pressure adjustment when testing different materials. Requiring only power and a pressurized nitrogen supply, the instrument can be operated in stand-alone mode or used in conjunction with NEXYGENPlus PET, AMETEK's powerful new dedicated data analysis software package for the IV measurement of PET polymers. A user-friendly training mode is included as standard to simplify operator instruction.
Polymers can be tested by the PETPlus at virtually all stages of the production process to provide greater overall control. Tests can be completed in as little as 20 minutes on incoming resin, powder, dry granules, molten polymer, pre-forms, bottles, films and even re-ground material to eliminate scrap. Rapid testing at the different stages can be carried out using ancillary equipment for controlled sample collection and preparation. The instrument's compact construction occupies significantly less bench space than earlier models and makes it easier and quicker to load samples.
The microprocessor controlled stand-alone system provides high accuracy measurements, temperature control to + 0.1°C and storage of up to 600 test results. A backlit LCD displays instructions for the test in a variety of languages as well as the results. An RS-232 interface allows connection to a computer for downloading of results or for fully automated software control using NEXYGENPlus PET.
The PETPlus Intrinsic Viscosity Measurement Instrument uses a well established unique solvent-free method for routine IV measurement of PET. Molten PET is extruded through a calibrated die by nitrogen gas under pressure, and the LVDT probe movement against time is recorded and displayed. The system measures the optimum flow rate and calculates intrinsic viscosity. The procedure used ensures that reliable, accurate and repeatable results are easily obtained and checked against standard polymers.
A comprehensive range of sample preparation equipment including vacuum pumps and polymer dryers are available to ensure correct sample drying conditions for the instrument. By using the Quick Test Polymer Chip Grinder, the material can be ground to a fine powder to ensure drying within just 50 minutes. A Polymer Chip Transfer Vessel is available to carry dried PET directly from the process dryer to the PETPlus for instant testing.
For more information, contact AMETEK Measurement & Calibration Technologies, 8600 Somerset Drive, Largo, FL 33223. Tel: 727-536-7831. Fax: 727-539-6882 or from the Lloyd Instruments web site, www.lloyd-instruments.com.
Lloyd Instruments is a unit of AMETEK Measurement & Calibration Technologies, a division of AMETEK, Inc., a leading global manufacturer of electronic instruments and electromechanical devices with 2007 sales of more than $2.1 billion.
CONTACT: Rich Brown (518) 689-0222
Contacts:
General Information:
Rich Brown
USA
Phone: 518-689-0222
Company Information:
Name: AMETEK Test & Calibration Instruments
Address: 8600 Somerset Dr.
City: Largo
State: FL
ZIP: 33773
Country: USA
Phone: 800-527-9999
FAX: 727-539-6882
http://www.chatillon.com
http://news.thomasnet.com/fullstory/544184
buhg1b
17 years ago
Ametek downgraded to "neutral"
04/23/08 - Next Generation
NEW YORK, April 23 (newratings.com) - Analyst Ned Borland of Next Generation downgrades Ametek Inc (AME) from "buy" to "neutral," while raising his estimates for the company. The target price has been raised from $52 to $54.
In a research note published yesterday, the analyst mentions that the company has posted robust 1Q08 results, with EPS ahead of the estimates, aided by its long cycle businesses. The downgrade in rating is based on valuation, the analyst says. Ametek is a continued beneficiary of the strength in the aerospace, power and process markets, according to Next Generation. The EPS estimates for 2008 and 2009 have been raised from $2.44 to $2.52 and from $2.72 to $2.82, respectively.
buhg1b
17 years ago
Monday April 14, 8:00 AM EDT
PAOLI, Pa., Apr 14, 2008 (BUSINESS WIRE) -- AMETEK, Inc. (AME) announced the acquisition of Reading Alloys, a privately held, niche specialty metals producer. With annual sales of approximately $80 million, Robesonia, PA-based, Reading Alloys is a global leader in specialty titanium master alloys and highly engineered metal powders used in the aerospace, medical implant, military and electronics markets.
"Reading Alloys is an excellent acquisition. Its titanium master alloys are experiencing outstanding growth driven by increasing demand for titanium in the commercial aerospace, military aerospace and power generation markets," comments Frank S. Hermance, AMETEK Chairman and Chief Executive Officer.
"Reading Alloys' titanium powders expand our position in customized titanium products, adding to our capabilities in strip and foil products used in medical devices, electronic components and aerospace instruments. As well, Reading Alloys' metal powder production techniques complement our existing gas and water atomization capabilities," adds Mr. Hermance.
"Reading Alloys is another example of our strategy to pursue attractive growth opportunities in highly engineered materials within our Electromechanical Group. These highly differentiated businesses offer excellent growth and profitability and have been a key factor in our strong financial performance," noted Mr. Hermance.
Reading Alloys joins AMETEK as part of its Electromechanical Group (EMG). In addition to specialty metal products, EMG is a leader in electrical interconnects, microelectronic packaging, technical motors and systems, and electric motors for floor care and other applications. EMG had 2007 sales of approximately $937 million.
Corporate Profile
AMETEK is a leading global manufacturer of electronic instruments and electromechanical devices with 2007 sales of more than $2.1 billion. AMETEK's Corporate Growth Plan is based on Four Key Strategies: Operational Excellence, Strategic Acquisitions & Alliances, Global & Market Expansion and New Products. AMETEK's objective is double-digit percentage growth in earnings per share over the business cycle and a superior return on total capital. The common stock of AMETEK is a component of the S&P MidCap 400 Index and the Russell 1000 Index.
Forward-looking Information
Statements in this news release relating to future events such as AMETEK's expected business and financial performance are "forward-looking statements". Forward-looking statements are subject to various factors and uncertainties that may cause actual results to differ significantly from expectations. These factors and uncertainties include our ability to consummate and successfully integrate future acquisitions; risks associated with international sales and operations; our ability to successfully develop new products, open new facilities or transfer product lines; the price and availability of raw materials; compliance with government regulations, including environmental regulations; changes in the competitive environment or the effects of competition in our markets; the ability to maintain adequate liquidity and financing sources; and general economic conditions affecting the industries we serve. A detailed discussion of these and other factors that may affect our future results is contained in AMETEK's filings with the Securities and Exchange Commission, including its most recent reports on Form 10-K, 10-Q and 8-K. AMETEK disclaims any intention or obligation to update or revise any forward-looking statements.
SOURCE: AMETEK, Inc.
CONTACT: AMETEK, Inc.
William J. Burke, 610-889-5249
buhg1b
17 years ago
AMETEK Names Patrick J. McGeehan as Vice President, Specialty Metal Products
Friday February 29, 11:36 am ET
PAOLI, Pa.--(BUSINESS WIRE)--AMETEK Inc. (NYSE:AME - News) today announced that it has named Patrick J. McGeehan as Vice President and General Manager, Specialty Metal Products. Mr. McGeehan joins AMETEK from Hoeganaes Corporation, where he was Senior Vice President of Operations and Technology.
“We are very pleased to welcome Patrick to AMETEK,” commented Frank Hermance, AMETEK Chairman and Chief Executive Officer. “He brings extensive operating and general management experience to his new position and is expected to make important contributions to the continued growth and success of our specialty metal products business.”
Mr. McGeehan has an extensive background in metallurgy and specialty metals and significant manufacturing management experience. He spent 24 years with Hoeganaes, where he held a variety of positions, including Manager of Research & Development, Plant Manager, Vice President of Operations and Senior Vice President of Technology.
Prior to Hoeganaes, Mr. McGeehan held positions in metallurgical management at Phoenix Steel Corporation and was a Process Development Metallurgist at Westinghouse Electric Corporation. He has a Bachelor of Science and Master of Science degrees in Materials Engineering from Drexel University.
Corporate Profile
AMETEK is a leading global manufacturer of electronic instruments and electromechanical devices with 2007 sales of more than $2.1 billion. AMETEK’s Corporate Growth Plan is based on Four Key Strategies: Operational Excellence, Strategic Acquisitions & Alliances, Global & Market Expansion and New Products. AMETEK’s objective is double-digit percentage growth in earnings per share over the business cycle and a superior return on total capital. The common stock of AMETEK is a component of the S&P MidCap 400 Index and the Russell 1000 Index.
Forward-looking Information
Statements in this news release relating to future events, such as AMETEK’s expected business and financial performance, are "forward-looking statements". Forward-looking statements are subject to various factors and uncertainties that may cause actual results to differ significantly from expectations. These factors and uncertainties include our ability to consummate and successfully integrate future acquisitions; risks associated with international sales and operations; our ability to successfully develop new products, open new facilities or transfer product lines; the price and availability of raw materials; compliance with government regulations, including environmental regulations; changes in the competitive environment or the effects of competition in our markets; the ability to maintain adequate liquidity and financing sources; and general economic conditions affecting the industries we serve. A detailed discussion of these and other factors that may affect our future results is contained in AMETEK’s filings with the Securities and Exchange Commission, including its most recent reports on Form 10-K, 10-Q and 8-K. AMETEK disclaims any intention or obligation to update or revise any forward-looking statements.
Contact:
AMETEK Inc.
William J. Burke, 610-889-5249
http://biz.yahoo.com/bw/080229/20080229005561.html?.v=1
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