Q2 Firm Update 2015
Get To Know
Elmet Technologies LLC
AAI’s newest acquisition
Q1 2015 Press Releases
Anania.biz
Cover Story: Elmet Technologies
Get to Know Elmet Technologies
Elmet Technologies, AAI’s newest acquisition, is a fully integrated manufacturer of tungsten and molybdenum products.
Founded in 1929, Elmet Technologies has grown to become a leader in supplying tungsten and molybdenum mill
products and precision machined components to customers around the world. Elmet Technologies recently had an
open house allowing visitors to tour the facility and learn more about the products they make. Here is a quick rundown
for those who missed the event.
Locations
Elmet Technologies is headquartered at their 220,000 square foot
facility in Lewiston, Maine. The company also has a 99,000 square
foot facility in Covington, Georgia and a 48,000 square foot facility in
Chengdu, China.
Why Molybdenum and Tungsten?
Molybdenum and tungsten are refractory metals which are known for their high melting
points, corrosion resistance, low vapor pressure, good electrical conductivity, and low
coefficient of thermal expansion. These properties make molybdenum and tungsten
uniquely suited to a number of applications including:
■■
FPD display circuitry like cell phone screens and LCD
TVs
■■
Ion beam line components for ion implant equipment
used in semiconductor manufacturing
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High reliability power electronics used in military and
other applications
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X-ray collimators and anti-scatter components for
medical imaging equipment as well as X-ray tube
components.
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High temperature furnace hot zone components
and heat shielding for furnaces that operate at more
than 1,000º C (1,832º F)
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Anode and cathode materials for high intensity
lighting applications. While the incandescent lighting
market is now in deep decline, when demand was
high, Elmet produced more than 1 billion light bulb
filaments a year as part of Philips Lighting.
The Manufacturing Process
Elmet is one of the few companies in the world to produce molybdenum and tungsten starting with chemical metal
powders. Here are some of the key elements of Elmet’s powder metallurgy manufacturing process:
1. Reduction of chemical metal powders to high purity molybdenum, tungsten, and
associated alloys
2. Pressing and sintering of ingots
3. Thermo-Mechanical processing through rolling mills, rotary forges, swagers, and
drawing to produce a wide variety of flat and round product
4. Industry leading fabrication, machining and assembly finishing services
This level of integration enables Elmet to maintain close control over the manufacturing process and consistently deliver
high quality products. Final molybdenum and tungsten products are guaranteed 99.95% pure and can be produced up
to 99.9995% pure for certain applications. Elmet also produces a range of alloys of molybdenum and tungsten including
lanthanated, potassium doped, Mo/W blended alloys, and others.
Future Growth For Elmet
Elmet has a proud history of reinventing itself to adapt to changing market needs and conditions through
continuous development of new products and capabilities. In addition, the world-wide market for
molybdenum, tungsten and other refractory metals is very large and there are many opportunities for
Elmet to grow and access new markets through R&D by driving efficiencies through the manufacturing
process.
Learn more about Elmet Technologies by
visiting www.elmettechnologies.com
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Company Management and Maine Investor Group Led by
AAI Announces Buyout of Elmet Technologies
Q1 2015 Press Releases
January 27, 2015
Syndicated from Elmet Technologies
Elmet Technologies a fully integrated, global leader in production of engineered molybdenum and tungsten products
today announced that a well-financed, management-led group of Maine-based investors has acquired the assets of
the business.
The new ownership team is looking forward to investing in Elmet’s continued growth and expanding on its global
market leadership position. Anania & Associates Investments Company, LLC, an investment fund that owns and
operates six other Maine based specialty manufacturing companies partnered closely with company management,
the Maine Technology Institute, and a small group of committed individual investors to make this exciting opportunity
possible. The deal was also made possible with help from Department of Economic and Community Development
Commissioner George C. Gervais as well as the Finance Authority of Maine.
Andy Nichols, CEO of Elmet Technologies, stressed the new ownership team’s dedication to building on the 85 year
old legacy and foundation in Maine, amazing employees, and commitment to Elmet’s global customer base. “There
are so many positives that come with this transaction.” said Nichols “our ownership is an awesome group of seasoned,
forward-thinking business leaders from Maine, we have strong commitment to and from our highly experienced and
knowledgeable workforce, and with local ownership, we are laser-focused partnering with our global customers to
enhance our leadership position in the market”
Peter V. Anania, Chairman of Anania & Associates Investment Company commented that “Elmet is a great Maine
business and employer that provides unique products to valued customers globally. We are excited to partner with
Andy and his team as we begin this vibrant and dynamic new phase in Elmet’s growth.”
The new ownership team has acquired all assets of the business which includes a 220,000 square foot manufacturing
facility and global HQ in Lewiston Maine. The company also has support operations in Covington, GA, Seattle, WA and
Chengdu China.
About Elmet Technologies, LLC
Established in 1929, Elmet is a fully integrated global supplier of high-performance materials with a specialization
in molybdenum and tungsten. Our world-class facilities manufacture and fabricate to our customers’ most exacting
specifications, and are led by experts in molybdenum and tungsten.
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With over 300,000 square feet at three manufacturing sites in Maine, Georgia, and Chengdu, China, Elmet
produces mill, machined, and fabricated products for semiconductor, sapphire growth, FPD manufacturing,
medical imaging, and many other industries. Elmet is ISO 9001, ISO 14001, and AS9100 certified.
© 2014 ANANIA & ASSOCIATES INVESTMENT COMPANY
MEGA Industries LLC Receives $2.6 Million Dollar Contract
from Facility for Rare Isotope Beams
February 2, 2015
MEGA Industries LLC (MEGA) was recently awarded a $2.6 million contract to supply critical components for the
Facility for Rare Isotope Research (FRIB), being built at Michigan State University (MSU) in East Lansing Michigan.
The overall program is estimated to cost upwards of three quarters of a billion dollars and is funded by the nuclear
physics arm of the Department of Energy. MEGA’s role will include the manufacturing of precision linear accelerator
RF components for the program.
More information FRIB
FRIB will be the largest nuclear research project in North America when finished in 2022 and will support the global
study of rare isotopes. This research will not only lead to a greater understanding of the origins of the stars and
planets; but also paves the way to more effective treatments for cancer and disease.
FRIB is expected to serve around 800 of the world’s leading nuclear scientists a year. The facility will accelerate ionized
atoms using MEGA’s waveguide down a 500-metre-long series of tunnels causing them to shatter against the target
producing beams of rare isotopes. This process is at a higher intensity than at any other facility in the world. It is
predicted the fragments could include thousands of isotopes never seen on Earth.
More Information on the Contract
Peter Matthews, CEO of MEGA comments on the reasons why MEGA was chosen, “MEGA received the award after a
merit based review and competitive bidding process. The award builds upon recent momentum here at MEGA and
opens the doors for future contracts with FRIB as well as other organizations.” MEGA expects this to be the first of
several awards they will receive as MSU completes this extensive facility.
Henry Downs, Vice President Engineering, comments that MEGA “Looks forward to working closely with the FRIB
managers and engineers designing and manufacturing components that are at the heart of this leading edge LINAC.
Our work on this project helps to further solidify our position as leaders in high energy physics.”
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Keri Seitz Joins Biovation as VP of Sales and Customer
Relations
Q1 2015 Press Releases
February 3, 2015
Syndicated from the team at Biovation
Seitz will lead Biovation’s sales thrust as it launches new medical devices and products and engages with global
partners
BOOTHBAY, ME – Biovation, a manufacturer of biopolymer non-woven fiber products for medical, packaging, and
specialty markets, announces that Keri Seitz has joined the executive management team as Vice President of Sales
and Customer Relations. Seitz brings experience in the medical device marketplace to her new role, where she is
responsible for growing and managing the sales organization, providing strategic direction for Biovation’s emerging
partner and distributor network, and continuing the company’s growth plans.
Seitz previously served as President and CEO of FHC, a manufacturer and developer of products used in neuroscience
research and neurosurgical procedures. During her tenure, the company increased revenue by almost forty percent
and quadrupled net operating profit. She has extensive experience in Quality Management Systems, specifically
with ISO 13485 compliance and implementation, and is knowledgeable in global medical device registration and
compliance.
“I am incredibly excited that Keri has joined our team and will lead our tactical and strategic global sales efforts. During
the last several years we have engaged with customers who are leaders in their market sectors, and now plan to
leverage those relationships and applicable products to the larger marketplace,” says Biovation Chief Executive Officer
Kerem Durdag.
”Keri is the right person to lead us in our next stage of growth given her deep experience in delivering rapid revenue
growth and increasing market share through highly effective results-oriented sales practices.”
Seitz will help Biovation release several new products within this calendar year, including an infection control barrier
product (the BioArmour™ Blood Pressure Cuff Shield), a specialty advanced product for the Department of Defense
(the DryRight™), and several roll goods products for niche markets.
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© 2014 ANANIA & ASSOCIATES INVESTMENT COMPANY
Mega Industries is Awarded Contract with Lockheed Martin
February 18, 2015
Syndicated from the team at MEGA Industries
GORHAM, Maine, Feb. 18, 2015 – Mega Industries was awarded a contract valued at $97,000 by Lockheed Martin [NYSE:
LMT] for the design and development of a new waveguide system for the C-5M Super Galaxy color weather radar.
The contract also includes the provision of material for two aircraft. The improvements will enable the Super Galaxy to
operate with fewer flight restrictions in civil airspace, reducing mission costs. The Lockheed Martin C-5M Super Galaxy has
set 43 world aviation records and has redefined strategic airlift for the United States Air Force.
“This is a build-to-design contract that fits our capabilities perfectly,” said Lisa Cummings, Mega Industries sales account
manager. “Our talented engineers will interact with Lockheed Martin regularly providing technical support for the
integration of the Waveguide components into the aircraft.”
The contract, a result of a merit review, evaluation, and competitive bidding process, calls for Mega engineers to provide
support during the Engineering and Manufacturing Development (EMD) phase of the Weather Radar upgrade program.
“This award is an important milestone in our strategy to expand our business in the Defense sector,” said Peter Matthews,
CEO Mega Industries.
Delivery is scheduled the second quarter of 2015 and will include one qualification unit, two additional units to be installed
on aircraft and one spare unit.
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Innovative Boot-Drying Technology Undergoes Successful
Test by U.S. Marine Corp
Q1 2015 Press Releases
February 25, 2015
Biovation’s biodegradable, bioplastics DryRight™ product benchmarked to prepare for high-volume domestic
manufacturing and delivery in 2015
After months of testing, the Biovation DryRight tactical boot drying product has received positive feedback from the
United States Marine Corps. The testing resulted from a Broad Agency Announcement Contract received by Biovation
in June 2013. These strong results will lead to the finalization of product design and the commercialization of the
DryRight product in 2015 concurrently with the completion of a final field trial by the United States Marine Corps. The
development of this innovative product would not have been achieved without the support of Marine Corps System
Command in Quantico, Virginia.
Biovation is a technology design and manufacturing company that produces advanced, non-woven fiber products
with integrated anti-microbial properties for packaging, healthcare, custom advanced material OEM products, and
other specialty scalable applications. The DryRight product was funded, developed, and tested in close collaboration
with the United States Marine Corps to help them perform at their best.
This easy-to-use solution is rolled and inserted into a wet boot. Over time, the anti-microbial materials dry the boot
and ensure the foot health of the wearer. Poor foot care is a significant contributor to lost combat readiness. DryRight
is lightweight, portable, and prevents unnecessary foot injury while never needing to be wrung out or washed, making
it a necessary tool for today’s modern warfighter and peacekeeper. A single unit can be re-used between 10-15 times
with “recharging” (air drying) and is manufactured with greater than 50% non-hazardous bio-content.
DryRight provides the warfighter with a solution that sustains an optimum microenvironment around the foot that is
critical to top performance and long-term comfort. When in use, it provides maximum boot dryness in all foot contact
areas (toe, heel, top and bottom of foot) regardless of climate and weather conditions within 6-8 hours. DryRight use
results in the reduction of foot blisters and damp socks. Biovation has applied its extensive expertise in advanced
polymers, non-wovens, super absorbents and multi-component biochemical formulations to create a unique product.
Biovation Chief Executive Officer Kerem Durdag said, “The foot health of Marines during training and deployment is a
primary medical concern for the force. We have developed the DryRight to provide an efficient and effective tool for
Marines both in combat and training. Biovation is proud to partner with Department of the Navy on this important
project to protect Marines in the field.”
Biovation plans to establish a dedicated DryRight manufacturing line by April 2015, allowing orders to be taken for June
2015 delivery. Biovation is committed to the State of Maine’s high-tech innovation manufacturing economy by
implementing a world-class production line and creating new high-skilled jobs to support the launch of DryRight.
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© 2014 ANANIA & ASSOCIATES INVESTMENT COMPANY