Amsterdam, Netherlands, Nov. 11, 2016 (GLOBE NEWSWIRE) -- Amsterdam, 11 November 2016 (Regulated Information) --- AMG Advanced Metallurgical Group N.V. ("AMG", EURONEXT AMSTERDAM: "AMG") is pleased to announce that AMG Titanium Alloys and Coatings ("AMG TAC") has been awarded the 2016 MTU Aero Engines AG ("MTU") Innovation Award for outstanding performance in respect of Titanium Aluminides.
MTU's bi-annual Supplier Day was attended by more than 100 senior-level representatives from 65 companies and 13 nations, with awards presented across five categories: Quality, Efficiency, Cooperation, Logistics and Innovation.
In presenting the award to AMG TAC, MTU stated, "MTU is proud to award a supplier who has been a reliable development partner for more than 20 years. AMG TAC (trading as GfE Metalle und Materialien GmbH), based in Nürnberg, is a leading global manufacturer of high performance metals and materials with more than one hundred years of experience and know-how in the field of material science.
Since the early 1990s, AMG TAC has developed and industrialized both Titanium Aluminide based alloys and the corresponding manufacturing technologies for ingot materials and semi-finished products. AMG TAC's long expertise is highly appreciated within MTU. With a positive and well-structured approach, AMG TAC has managed to develop complex forging stock material for Titanium Aluminide airfoils for our Geared Turbofan engines."
This press release contains inside information within the meaning of Article 7(1) of the EU Market Abuse Regulation.
This press release contains regulated information as defined in the Dutch Financial Markets Supervision Act (Wet op het financieel toezicht).
About AMG
AMG is a global critical materials company at the forefront of CO 2 reduction trends. AMG produces highly engineered specialty metals and mineral products and provides related vacuum furnace systems and services to the transportation, infrastructure, energy, and specialty metals & chemicals end markets.
AMG produces aluminum master alloys and powders, titanium alloys and coatings, ferrovanadium, natural graphite, chromium metal, antimony, tantalum, niobium and silicon metal. AMG Engineering designs and produces vacuum furnace equipment and systems used to produce and upgrade specialty metals and alloys for the transportation, automotive, infrastructure, and energy markets.
With approximately 3,000 employees, AMG operates globally with production facilities in Germany, the United Kingdom, France, Czech Republic, United States, China, Mexico, Brazil and Sri Lanka, and has sales and customer service offices in Russia and Japan ( www.amg-nv.com ).
For further information, please contact: AMG Advanced Metallurgical Group N.V. +1 610 293 5804 Steve Daniels Senior Vice President sdaniels@amg-nv.com
Disclaimer Certain statements in this press release are not historical facts and are "forward looking". Forward looking statements include statements concerning AMG's plans, expectations, projections, objectives, targets, goals, strategies, future events, future revenues or performance, capital expenditures, financing needs, plans and intentions relating to acquisitions, AMG's competitive strengths and weaknesses, plans or goals relating to forecasted production, reserves, financial position and future operations and development, AMG's business strategy and the trends AMG anticipates in the industries and the political and legal environment in which it operates and other information that is not historical information. When used in this press release, the words "expects," "believes," "anticipates," "plans," "may," "will," "should," and similar expressions, and the negatives thereof, are intended to identify forward looking statements. By their very nature, forward looking statements involve inherent risks and uncertainties, both general and specific, and risks exist that the predictions, forecasts, projections and other forward looking statements will not be achieved. These forward looking statements speak only as of the date of this press release. AMG expressly disclaims any obligation or undertaking to release publicly any updates or revisions to any forward looking statement contained herein to reflect any change in AMG's expectations with regard thereto or any change in events, conditions, or circumstances on which any forward looking statement is based.
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