Iconix Brand Group Names John T. McClain CFO

NEW YORK CITY — March 1, 2019 — Iconix Brand Group Inc. announced that John T. McClain has been appointed CFO effective February 11, 2019. McClain has a strong background in financial leadership positions for global brands. He will report to Robert Galvin, CEO, president and a member of the board of directors at Iconix Brand Group.

“John is a transformational CFO with an impressive background in financing and restructuring and I’m thrilled to have him join my team at Iconix Brand Group Inc.,” said Galvin. “I have known John for more than a decade and he is a true professional who will be an asset to Iconix.”

From 2007 until its sale to Sycamore Partners in 2014, McClain was CFO at Jones Apparel Group, a $4 billion leading global designer, marketer and wholesaler of more than 25 brands with product expertise in apparel, footwear, jeanswear, jewelry and handbags. He has also held senior finance roles at Lindblad Expedition Holdings Inc., Avis Budget Group Inc., formerly Cendant Corp., Sirius Satellite Radio Inc. and ITT Corp. McClain is currently a member of the board of directors for Lands’ End Inc. and Seritage Growth Properties, and is a graduate of Lehigh University with a B.S. in accounting.

Inducement Equity Grants

As an inducement to accept his appointment with Iconix, and in lieu of McClain’s eligibility to participate in Iconix’s 2019 long-term incentive plan or any similar incentive plan effected in 2019 by Iconix., McClain will be granted a number of restricted stock units equal to the number of Iconix’s common shares with a value on the date of grant of $262,500 (RSUs), and a number of performance stock units equal to the number of Iconix’s common shares with a value on the date of grant of $262,500 (PSUs).

One-third of the RSUs are vested on the date of grant, with the remaining two-thirds of the RSUs to vest on February 11, 2020, subject to McClain’s continued employment with Iconix through the vesting date; provided that, if McClain’s employment terminates for any reason before such vesting date, then all of the RSUs (whether or not then vested) will be forfeited immediately for no consideration; provided that in the event of a termination by Iconix without cause and unrelated to Iconix’s or the McClain’s performance, all unvested RSUs shall vest on the first anniversary of the grant date. Any vested RSUs will be distributed to McClain in shares of Iconix’s common stock within 15 days after the applicable vesting date. McClain has a right to receive dividend equivalents in respect of the RSUs, which will be subject to the same vesting and other restrictions applicable to the underlying RSUs.

The PSUs are eligible to vest at the end of a three-year performance period ending on December 31, 2021, based on the same financial performance metric to be determined by the Compensation Committee of Iconix’s Board of Directors, in its sole discretion, pursuant to Iconix’s 2019 long term incentive plan applicable to Iconix’s other senior executives; provided that, if McClain’s employment is terminated by Iconix without “cause” (and not due to his death or disability) or by him for “good reason” (each such term as defined in his employment agreement with Iconix), then he will remain eligible to earn a pro rata number of the PSUs, based on the percentage of the Performance Period during which he was employed by Iconix, provided that the applicable performance metric is achieved on the termination date as if the termination date had been the last day of the Performance Period. The pro rata number of PSUs that would be earned by McClain in accordance with the prior sentence will become vested at the end of the performance period, subject to McClain’s continued compliance with certain restrictive covenants.

In the event of a change in control of Iconix occurring prior to the last day of the performance period, any outstanding and unvested PSUs will be converted to a number of restricted stock units equal to the number of PSUs that would have vested on the date of such change in control based on the applicable financial metric described above if such change in control had been the last day of the performance period, and any such restricted stock units will vest on the last day of the performance period, subject to McClain’s continued employment with Iconix and his continued compliance with certain restrictive covenants; provided that, if the PSU award is not assumed, substituted or otherwise continued in a change in control, then such restricted stock units will vest immediately upon such change in control; provided, further, that, if McClain’s employment is terminated by Iconix without cause (and not due to his death or disability) or by him for good reason, in any case, within 24 months after a change in control of Iconix, then any outstanding restricted stock units into which the PSUs have converted will vest immediately on the termination date (subject to McClain’s continued compliance with certain restrictive covenants). Any PSUs that remain unvested as of the last day of the performance period will be forfeited immediately for no consideration. Any vested PSUs will generally be distributed to McClain promptly after the end of the performance period (or, if applicable, the date of termination of his employment). McClain has a right to receive dividend equivalents in respect of the PSUs, which will be subject to the same vesting and other restrictions that apply to the underlying PSUs.

The RSUs and PSUs described above are being granted as a material inducement to McClain entering into employment with Iconix in accordance with NASDAQ Listing Rule 5635(c)(4), and are subject to the terms and conditions of the applicable award agreements.

Iconix Brand Group Inc. owns, licenses and markets a growing portfolio of consumer brands including: CANDIE’S ®, BONGO ®, JOE BOXER ®, RAMPAGE ®, MUDD ®, MOSSIMO ®, LONDON FOG ®, OCEAN PACIFIC ®, DANSKIN ®, ROCAWEAR ®, CANNON ®, ROYAL VELVET ®, FIELDCREST ®, CHARISMA ®, STARTER ®, WAVERLY ®, ZOO YORK ®, UMBRO ®, LEE COOPER ®, ECKO UNLTD. ®, MARC ECKO ®, ARTFUL DODGER ® and HYDRAULIC ®. In addition, Iconix owns interests in the MATERIAL GIRL ®, ED HARDY ®, MODERN AMUSEMENT ®, BUFFALO ® and PONY ® brands. Iconix licenses its brands to a network of leading retailers and manufacturers that touch every major segment of retail distribution in both the U.S. and worldwide. Through its in-house business development, merchandising, advertising and public relations departments, Iconix manages its brands to drive greater consumer awareness and equity.

Posted March 4, 2019

Source: Iconix Brand Group

Avery Dennison Announces Transition In Board Leadership — President And CEO Mitch Butier Elected To Replace Retiring Chairman Dean Scarborough

GLENDALE, Calif. — March 1, 2019 — Avery Dennison Corp. announced today that its board of directors has elected president and CEO, Mitch Butier, to serve as chairman of the board following the company’s annual meeting of shareholders on April 25, 2019, subject to his reelection. Dean Scarborough, Avery Dennison’s current chairman, has informed the board of his intention to not stand for reelection.

“Avery Dennison has benefited over the years from Dean’s leadership and deep experience as chairman. We wish him all the best,” said David Pyott, lead independent director of the Avery Dennison Board. “Today’s decision reflects the board’s confidence in Mitch’s leadership and his ability to execute our vision and strategies to take Avery Dennison into the future.”

Scarborough leaves the board after serving nine years as chair, capping a career with the company that began in 1983. He served as president and CEO from 2005 to 2016.

“I believe deeply in Avery Dennison and its people, and it has been an honor to serve as chairman,” Scarborough said. “As I conclude my work with the company, I do so knowing that Mitch will serve as chairman with the same skill and commitment that he has applied to his leadership of the company.”

“I’m honored to be elected chairman,” Butier said. “Dean has been an invaluable partner over the years. I would like to thank him for his many years of leadership at the company, and for his personal counsel to me. I look forward to working with the board to continue creating long-term value for our employees, customers, shareholders and communities.”

Posted March 4, 2019

Source: Avery Dennison

University Of Cincinnati Announces Exclusive Apparel Partnership With Hanesbrands Inc.

ATLANTA — March 4, 2019 — University of Cincinnati, in collaboration with its exclusive trademark licensing agent, IMG College Licensing, today announced an agreement with Hanesbrands Inc. to serve as the University’s primary licensee for apparel products. The new deal covers Cincinnati-branded men’s, women’s, youth, and infant/toddler apparel across all retail channels, and ensures the University has greater control over the supply chain along with stability in licensing income over the next six years.

In addition to the new agreement with Hanesbrands, Cincinnati will continue its partnership with Under Armour, the exclusive supplier of uniforms and apparel for the University’s varsity teams, coaches, and staff. Additionally, semi-exclusive headwear partnerships that are currently in place will remain, as well as programs with other best-in-class licensees in select product categories to ensure a robust selection of merchandise for Bearcats fans and consumers.

While Hanesbrands has been a Cincinnati licensee since 1992 under its Champion label, the new agreement represents a continued effort by the Cincinnati licensing program to strategically manage the University’s brand to provide top-quality products for Bearcats fans while securing long-term brand value for the University.

“As the retail landscape continues to evolve, especially with the growth in online sales, it’s important that we partner with best-in-class licensees, like Hanesbrands, that are committed to growing the Cincinnati brand and delivering additional resources back to the University,” said Martin Ludwig, Cincinnati’s director of trademarks & licensing. “After working with our partners at IMG College Licensing to analyze proposals from companies interested in a stronger relationship with the University, we decided Hanesbrands and its family of top apparel companies was the best fit for our brand and meet the needs of retailers providing great apparel for our constituents.”

On top of partnering with a global brand, the agreement provides the University a minimum guarantee that ensures more than a 20 percent growth in apparel royalties following the 8 percent growth the University experienced during the past three years. The University will also gain access to academic resources through internships, participation by Hanesbrands executives in University programs and projects, and additional resources to develop, grow, and merchandise the presence of Cincinnati product in the marketplace. Hanesbrands will also fund annual corporate social responsibility (CSR) trips for Cincinnati staff to visit factories making licensed merchandise to review production and ensure compliance with University workplace codes of conduct.

“We are pleased to enter into this new agreement with the University of Cincinnati and are committed to developing the best apparel program for Bearcats fans,” said John Fryer, president, Sports Apparel, at Hanesbrands. “With more than 25 years of experience working with the Cincinnati brand, this new agreement allows us to focus our resources on improving designs and styles in true partnership with the University.”

Cincinnati began strategically managing its brand through IMG College Licensing in 2005 with its first semi-exclusive program in the headwear category, followed with a mass channel exclusive with Knights Apparel, a division of Hanesbrands. Since that time, Cincinnati has pursued partnerships with licensees that are aligned with the brand goals of the University.

“The Cincinnati licensing program under Marty’s direction routinely leverages the data and resources we provide to maximize the University’s brand exposure and revenue,” said Cory Moss, senior vice president and managing director of IMG College Licensing. “This new agreement with Hanesbrands represents the next step in the evolution of Cincinnati’s brand management.”

The University’s trademark licensing program was established in 1987 to manage the commercial use of the University’s name and all identifying marks and images. A division within the Office of Administration & Finance, Trademarks & Licensing has generated more than $15 million in royalty income from the sale of officially licensed merchandise with UC’s brand, which the University uses to support scholarships.

Posted March 4, 2019

Source: University Of Cincinnati

Jump Design Group And Glenn Schlossberg Acquire Susana Monaco Brand

NEW YORK CITY — March 4, 2019 — Jump Design Group announced last month its acquisition of the women’s wear label Susana Monaco. Jump acquired a majority stake in Susana Monaco by purchasing prior stakes from Marcus Lemonis of CNBC’s entrepreneur and business show The Profit. The acquisition marks six portfolio brands for Jump and is the latest move in the company’s efforts to expand its reach to solution-oriented brands in the textiles industry.

Susana Monaco has been designing womenswear under her namesake label since opening her Manhattan showroom in 2000. Looking to gain expert support and infrastructure that Jump Design Group offers, she began discussions with Founder and Principal of Jump Design Group, Glenn Schlossberg, nearly three years ago about a potential partnership.

“We’ve established our brand: the aesthetic, the style, our customer base — and the quality and fit of our products are impeccable. I have no doubt Glenn Schlossberg and Jump Design Group will take Susana Monaco designs to new heights,” said Susana Monaco, CEO and co-founder of the Susana Monaco brand. “Glenn and I both grew up in the textile business and we have a lot in common in terms of goals and how we view the industry. The most rewarding part of being in this particular industry is bringing new ideas to life, so this partnership with Glenn’s team was a no-brainer.”

Glenn Schlossberg, founder of Jump Design Group said: “We are excited to provide sales infrastructure and product development to allow Susana to focus on her products while we help achieve the product distribution that the Susana Monaco brand deserves.”

“Susana’s namesake brand is a classic line, and we share a lot in common with Susana,” added Ashesh Amin, CEO of Jump Design Group. “Our partnership will be mutually beneficial, combining our processes and technology with her innovative designs.”

The move acquiring Susana Monaco creates a strong portfolio and continues Jump’s focus on operational distinction and inventive product development. Previously, Jump Design Group acquired Cathy Daniels Apparel in 2018, in an effort by Glenn Schlossberg, to acquire two to three new apparel brands annually.

Jump Design Group and Glenn Schlossberg continue to seek out opportunities in the women’s apparel industry to add to the Jump portfolio. They are working with the U.S. Commercial Service to expand Jump Design Group sales to Germany, Sweden, and China.

Posted March 4, 2019

Source: Jump Design Group

Teijin To Participate In Intertextile Shanghai Apparel Fabrics

TOKYO — March 2, 2019 — The Teijin Group announced today that Nantong Teijin Co. Ltd., the group’s textile manufacturing and sales company based in Nantong, China, will participate in Intertextile Shanghai Apparel Fabrics – Spring Edition 2019, one of the world’s biggest and most comprehensive exhibitions of apparel fabric and accessories. The show will be held at the National Exhibition and Convention Center in Shanghai March 12-14.

The Nantong Teijin booth (8-1H-C68) will showcase proprietary materials and high-performance fabrics to further expand its presence in the Chinese market widely from sports to fashion, as well as strengthen relationships with existing customers. Approximately 100 materials and 40 final products will be exhibited.

The exhibit will feature:

Microft, a moisture-permeable, water-repellent fabric produced with functional, high-quality microfiber. The exhibit will highlight the laminated version, which combines soft texture with enhanced waterproof properties resisting water pressure of 10,000 mm or greater.

The booth will also present Solotex, polytrimethylene terephthalate fiber that is soft, stretchable, shape-retaining and dimensionally stable owing to its spring-like molecular structure, as well as producing deep and rich color.

Posted March 4, 2019

Source: Teijin Group

JEC World 2019 Exhibitor Preview: Teijin Ltd.

TOKYO — March 2, 2019 — Teijin Ltd. announced today its development of Japan’s first prepreg, or carbon fiber sheet pre-impregnated with bismaleimide (BMI) matrix resin that offers high resistance to both heat and impact, making it ideally suited to use in aerospace engine components.

Teijin’s new bismaleimide resin pre-impregnated prepreg achieves a high glass transition temperature (Tg) of 280℃ and compression after impact (CAI) of 220MPa, a previously difficult combination made possible based on Teijin’s original resin-composition formulating technology. The new prepreg also maintains its coefficient of linear thermal expansion and high dimensional stability at both low and high temperatures. Moreover, by adjusting resin viscosity, Teijin also has improved moldability by adjusting the resin flow through preforms in the mold cavity and reduced curing time with its new prepreg compared to conventional BMI-based prepregs.

Teijin, having developed technologies to adapt its prepreg for engine components, is now working on other high-heat applications for aerospace. These efforts will be supported with the knowhow and global marketing channels of Renegade Materials Corp., a provider of highly heat-resistant composites, which Teijin recently decided to acquire.

Teijin will exhibit the new prepreg in the Teijin booth (hall6, G28 & J28) at JEC World 2019, the world’s leading composites exhibition, which will take place from March 12 to 14 in Paris.

Teijin is rapidly expanding its market for next-generation aircrafts by developing midstream-to-downstream lineups and related applications, such as cost-effective carbon fibers with higher-tenacity and higher-tensile modulus and intermediate materials including thermoplastic prepreg. Going forward, Teijin intends to further strengthen its position as a leading solution provider for aircraft applications, targeting annual sales in this field in excess of USD 900 million by around 2030.

Prepregs, which are intermediate materials for carbon fiber reinforced plastics (CFRPs), are used in fields ranging from aircraft and automobiles to infrastructure and leisure. As such, their prescribed properties must differ widely depending on the application. To address specific needs, technologies for various combinations of carbon fiber and matrix resin and for specific processing needs continue to be developed.

Prepregs are generally impregnated with lightweight, high-intensity epoxy resin. Conventional BMI resin-impregnated prepreg is already used for high-temperature applications such as aerospace engine components to prevent degradation and deformation. BMI resin, however, loses shock resistance when heat resistance is increased. Also, CFRP made of BMI resin tends to peel apart and crack when subjected to strong impact. In addition, molding BMI resin can be difficult due to its liquidity.

Posted March 4, 2019

Source: Teijin Group

JEC World 2019 Exhibitor Preview: Biteam

STOCKHOLM, Sweden — March 2, 2019 — Biteam, a Swedish 3D-weaving company, has developed a range of carbon fiber 3D noodle or filler preforms for overcoming a persistent problem. The unavoidable deltoid or triangular cavity, which gets created when two oppositely curving laminates are laid next to each other in composites manufacture, needs to be properly filled up. Present solutions like use of rolled fibers, braids, cut reinforcements etc. are inadequate for stabilizing the structure being created with laminates, and preventing accumulation of unreinforced resin. Further, they are practically inconvenient to handle and impart relatively low mechanical performance.

The newly developed dry 3D noodle/filler preforms, which can be customized according to application needs, uniquely offer the advantages of stable cavity-matching shape, good fitting, delamination resistance, non-fraying, and adaptability for different constructional needs like curving. Such a product has been sought for long to speed-up composites production, improve performance, and reduce labour and inventory costs.

A number of different carbon fibre 3D noodles/fillers will be displayed at Biteam’s stand during the forthcoming JEC Composites Show in Paris.

Posted March 4, 2019

Source: Biteam AB

JEC World 2019 Exhibitor Preview: Hexcel

STAMFORD, Conn. — March 4, 2019 — At this year’s JEC World taking place in Paris on March 12-14, Hexcel will promote a wide range of composite innovations for customer applications in aerospace, automotive, energy and marine markets.

Aerospace Innovations

Hexcel’s HiTape® and HiMax™ dry carbon reinforcements were developed to complement a new generation of HiFlow™ resin systems, producing high quality aerospace structures using the resin infusion process. HiTape was developed for the automated lay-up of preforms and HiMax is a range of optimized non-crimp fabrics (NCF). Both products incorporate a toughening veil to enhance mechanical properties, meeting the structural requirements for aerospace parts.

Visitors to JEC will see an Integrated Wing Panel demonstrator and an I-beam, both made with HiTape reinforcements, and an Opticoms rib made with HiMax NCF. The Opticoms rib and I Beam were both manufactured using C-RTM (Compression Resin Transfer Molding). They were injected with Hexcel’s RTM6 resin in a process taking less than 5 minutes. The total manufacturing cycle for both parts was just 4.5 hours.

Also among the Aerospace exhibits, Hexcel will display a composite petal for a satellite antenna, manufactured by Thales Alenia Space Italia. The petal is part of a set of 24 deployable structural elements that form the large area reflector assembly used on board Low Earth Orbit (LEO) observation satellites. Thales Alenia Space Italia selected Hexcel’s HexPly® M18 prepreg for this application, acknowledging the superior mechanical and outgassing properties provided.

Another Hexcel prepreg application on show is a “zero” frame, manufactured by Aerofonctions for the engine area of Daher’s TBM 910/930 single-engine turboprop aircraft. Hexcel’s HexPly M56 prepreg was selected by Daher for the “zero” frame — a product developed for Out of Autoclave applications that provides the same high quality and performance as autoclave-cured prepregs, from a simple vacuum bag cure in an oven.

With 50 years of experience behind its comprehensive range of high-strength, high-strain PAN-based carbon fibers, Hexcel continues to innovate, and is introducing two new fibers to its portfolio. HexTow® HM50 combines high modulus and high tensile strength, making it ideal for commercial and defense aircraft and engines. HexTow 85 was developed specifically to replace rayon-based carbon fiber for ablative applications.

HexTow® carbon fiber holds the most qualified carbon fiber positions on aerospace programs in the industry and is the best unsized fiber available on the market. It provides excellent bonding interfacial properties with thermoplastic matrices and is the best-performing fiber for 3D printing applications. Additive manufacturing is another area of expertise for Hexcel, using PEKK ultra-high performance polymers and HexAM™ technology to manufacture carbon-reinforced 3D printed parts. This innovative process provides a weight-saving solution for intricate parts in highly demanding aerospace, satellite and defense applications. HexPEKK™ structures offer significant weight, cost and time-to-market reductions, replacing traditional cast or machined metallic parts with a new technology.

Hexcel is well known for its range of weight-saving, stiffness-enhancing honeycombs and the company adds value by providing a range of engineered core solutions to customers from facilities in the USA, Belgium and the newly opened Casablanca plant in Morocco. Hexcel’s engineered core capabilities enable highly contoured parts with precision profiling to be produced to exacting customer specifications. An example of such a part will be on display at JEC. Made from Aluminum FlexCore®, the part is CNC machined on both sides, and formed and stabilized with both peel ply and flyaway layers of stabilization.

Aircraft engines benefit from a number of Hexcel core technologies including HexShield™ honeycomb that provides high temperature resistance in aircraft engine nacelles. By inserting a thermally resistant material into honeycomb cells, Hexcel provides a core product with unique heat- shielding capabilities that allows for the potential re-use of material after a fire event.

Hexcel’s Acousti-Cap® broadband noise-reducing honeycomb significantly improves acoustic absorption in aircraft engine nacelles. The acoustic treatment may be positioned at a consistent depth and resistance within the core, or can be placed in a pattern of varying depths and/or resistances (Multi-Degrees of Freedom and 3 Degrees Of Freedom), offering an acoustic liner that is precisely tuned to the engine operating conditions. These technologies have been tested at NASA on a full engine test rig and meet all 16 design conditions without trade-offs.

HexBond™ – the new name in Adhesives

Hexcel’s range of high performance adhesives has expanded considerably following the company’s acquisition of Structil. The company has now decided to unite the range by marketing all of its adhesive products using HexBond™ branding. The comprehensive range of HexBond structural film adhesives, foaming adhesive films, paste adhesives, liquid shims, epoxy fillets and Chromium free liquid primers is suitable for a wide range of applications in combination with Hexcel’s prepreg and honeycomb products.

Automotive Innovations

Hexcel’s carbon prepreg patch technology provides an innovative way of locally stiffening and reinforcing metal parts, providing noise and vibration management functionality. HexPly® prepreg patches consist of unidirectional carbon fiber impregnated with a fast curing epoxy matrix that has self-adhesive properties, enabling it to bond to metal in a highly efficient one-step process. These key technology properties are demonstrated in an 18.5kg aluminum subframe (that is 50% lighter than steel equivalents), which was reinforced with 500 grams of HexPly prepreg and tested by Saint Jean Industries. The part demonstrates a significant reduction in noise, vibration and harshness (NVH). Other benefits include lower production costs, energy savings, increased driver comfort, production flexibility and part count reduction. With this technology Hexcel is a finalist in the JEC Innovation Awards 2019 in the Automotive Applications category.

HexPly prepreg patch technology was also applied to a hybrid side sill demonstrator developed with Volkswagen and Dresden University to address future crash test requirements, specifically for electric cars. Combining fiber-reinforced plastic (FRP) with metal, the hybrid construction allows for optimum performance including weight savings, enhanced safety, increased energy absorption, battery protection in a crash situation and production flexibility.

Hexcel will also display a lightweight CFRP transmission crossmember produced from Hexcel’s high performance HexMC®-i 2000 molding compound. The transmission crossmember was developed in partnership with the Institute of Polymer Product Engineering (at Linz University), Engel and Alpex. As the part connects the chassis together and supports transmission it has to be stiff and strong, resisting fatigue and corrosion. Hexcel’s HexMC-i 2000 was selected as the best-performing molding compound on the market, curing in as little as two minutes to produce lightweight, strong and stiff parts.

To produce the transmission crossmember HexMC-i 2000 preforms are laid up in Alpex molds and compression-molded in a v-duo press that was tailored for the application by Engel. Ribs, aluminum inserts and other functions can be molded into the part using the single-stage process, reducing component-count. Any offcuts from the preforms can be interleaved between the plies of material to provide additional reinforcement in key areas – meaning that the process generates no waste.

Other Automotive promotions on Hexcel’s stand at JEC World include a composite leaf spring manufactured by ZF using HexPly M901 prepreg. In contrast to steel leaf springs, composite versions offer many advantages including weight savings of up to 70%, high corrosion resistance, optimized system integration and superior performance. HexPly M901 prepreg reduces the cure cycle to below 15 minutes and provides 15% higher mechanical performance, with enhanced fatigue properties. It also operates at high temperatures, providing a Tg of up to 200°C following a post cure.

Marine Innovations

Hexcel has a comprehensive range of products aimed at racing yacht and luxury boat builders that include America’s Cup, IMOCA class and DNV GL-approved prepregs, woven reinforcements and multiaxial fabrics for hull and deck structures, masts and appendages.

At JEC World Hexcel will display an IMOCA yacht mast manufactured by Lorima using HexPly high modulus and high strength carbon fiber prepreg from Hexcel Vert-Le-Petit. Lorima is the exclusive official supplier of masts for IMOCA 60 class racing boats.
Hexcel’s HexTow IM8 carbon fiber has been selected as the highest performing industrial carbon fiber on the market and will be used by spar and rigging manufacturer Future Fibres to manufacture their AEROrazr solid carbon rigging for all the teams in the 36th America’s Cup.

Hexcel’s HiMax™ DPA (Dot Pattern Adhesive) reinforcements are non-crimp fabrics supplied pre-tacked, allowing multiple fabrics to be laid-up more easily in preparation for resin infusion. Providing an optimal, consistent level of adhesion, they allow a faster and more consistent resin flow, as well as eliminating the use of spray adhesive for a healthier working environment and lower risk of contamination. Simply unrolled and applied to the mold or core layer before the introduction of resin, HiMax DPA fabrics are widely used in boat building, where lay-up times can be reduced by up to 50%.

Wind Energy Innovations

Hexcel has developed a range of HexPly surface finishing prepregs and semi-pregs for wind turbine blades and marine applications. Providing a tough, durable and ready-to-paint surface without using in-mold coats, these products shorten the manufacturing cycle and reduce material costs. HexPly XF2(P) prepreg is optimized for wind blades and has a ready-to-paint surface, straight from the mold, saving at least 2 hours of takt time.

Polyspeed® pultruded carbon laminates were developed for load-carrying elements in a blade structure and are manufactured with a polyurethane matrix that provides outstanding mechanical performance in terms of stiffness and durability. The blade manufacturing process is optimized, with increased throughput. The pultruded laminates are supplied in coils as continuous cross section profiles.

HiMax non-crimp fabrics using E-glass, high modulus glass and carbon fibers are also available in a wide range of unidirectional, biaxial and triaxial constructions. HiMax fabrics have applications throughout the turbine, from the stitched carbon fiber UDs used in the main structural elements, to glass fabrics and hybrids for blade shells and nacelles. There are also specialist applications such as lightweight fabrics for heated leading edge de-icing zones.

Posted March 4, 2019

Source: Hexcel Corp.

SDL Atlas Introduces RemoteAccess, Remote Instrument Monitoring Application

ROCK HILL, S.C. — March 4, 2019 — SDL Atlas is pleased to introduce RemoteAccess, Remote Instrument Monitoring Application, a new system for monitoring and tracking the progress of instruments from outside of the lab.

Through the RemoteAccess, operators can now track the real-time testing progress of instruments anytime, anywhere, on the go. No longer confined to laboratories during long tests, the App allows operators to view remaining testing time against the end of a test, giving them a good grasp of the testing status with a glance of the RemoteAccess App.

Additionally, pop-up messages will notify operators 5 minutes in advance of the end of the tests with optional notification sound and/or vibration alerts.

“The launch of the new RemoteAccess App further demonstrates SDL Atlas’s commitment to providing innovative solutions for our customers,” said Chuck Lane, president of SDL Atlas. “RemoteAccess will allow our customers more flexibility in managing their standards testing by allowing their instruments to be monitored from any location, leaving them free to leave the lab during long tests, thus increasing efficiency.”

The RemoteAccess App is currently available for download for both the iOS and Android Platforms and compatible with three SDL Atlas Instruments, the Martindale Abrasion and Pilling Tester, the RotaPill and the newly redesigned Launder-Ometer, which will be available in June. More instruments will be added to RemoteAccess over time.

Posted March 4, 2019

Source: SDL Atlas

Gelest Appoints John Sobchak To Newly Created CFO Position

MORRISVILLE, Pa. — March 4, 2019 — Gelest Inc., an innovator in materials science and technology and a New Mountain Capital portfolio company, has appointed John Sobchak to the newly created position of CFO, effective immediately, to deepen its senior leadership team in conjunction with the company’s continuing growth.

“John has a long history of leading the financial functions of successful, high-growth specialty chemical companies, and we are excited to have him join Gelest at such a pivotal time,” said Ken Gayer, CEO, Gelest. “The expansion of our senior leadership team reflects Gelest’s commitment to growth as a globally-recognized leading innovator and manufacturer of highly value-added advanced materials. With John’s appointment, we look forward to continuing to accelerate our growth in advanced technology end markets with the support of our partners at New Mountain Capital.”

Sobchak joins Gelest from active pharmaceutical ingredient manufacturer AMPAC Fine Chemicals, where he served as CFO for the past four years and helped oversee its strategic transformation and subsequent sale to SK Holdings. Earlier in his career, Sobchak served as CFO of KMG Chemicals for more than 12 years, during which time he helped guide the company’s transition to a leader in wet process chemicals serving the semiconductor market.

Sobchak said, “I am honored to join the Gelest team at such an exciting time in its evolution. I look forward to working with my new colleagues and helping to position the company for profitable and sustainable growth and positively contributing to the company’s strategic priorities. I am excited for the opportunity to bring my extensive experience to help the company achieve greater results and drive value.”

Sobchak graduated with a degree in Chemical Engineering from The Cooper Union for the Advancement of Science and Art and received an MBA from New York University’s Stern School of Business.

Posted March 4, 2019

Source: Gelest Inc.

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