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Integran and Enduro Industries Extend Licensing Agreement

Deal broadened to include other cobalt-based Nanovate (TM) coatings systems and a new field repair process recently developed by Integran.

Toronto-based Integran Technologies, Inc. has reached an agreement with Enduro Industries LLC to extend by five years Enduro’s license exclusivity term for Integran’s nanocrystalline Cobalt electroplating process, Nanovate™ CoP, in the U.S. fluid power market.

Enduro Industries LLC of Hannibal, Mo., a subsidiary of PTC Alliance, and a major manufacturer of hard chrome steel bars and tubes for the fluid power industry, has successfully marketed a corrosion and wear resistant Nano-CobaltTM alternative alongside its conventional engineered hard chrome (EHC) ChromerodTM and Chromrod ExtremeTM product lines.

“The extension of the exclusivity agreement with Enduro is a natural progression of the mutually beneficial commercial relationship between our two companies and recognizes Enduro’s technical and commercial achievements in their main markets to date”, said Dr. Gino Palumbo, Integran’s president and CEO. “Furthermore, this agreement will now extend to other Cobalt-based Nanovate coatings systems and a newfield repair process recently developed by Integran.”

Andrew Moline, Enduro’s vice president of operations, concurred. “The exclusivity extension will enable Enduro to scale up our production capability and to diversify into other segments of our core markets,” he said. “Compared to EHC coatings, the Nano-CobaltTM coating process provides significantly increased deposition rates, which results in a significant corrosion resistance improvement and a fatigue life credit. Our Nano-CobaltTM coatings have been well received in the market and have enabled us to penetrate new applications and offer unique benefits into some of the most challenging fluid power environments.”

Integran originally developed Nanovate™-CoP as an alternative to hard chrome electroplating with funding assistance from the U.S. Department of Defense Strategic Environmental Research and Defense Program (SERDP) and Environmental Security Technology Certification Program (ESTCP) as well as from Industry Canada’s Technology Partnership Canada (TPC) program, the Strategic Aerospace and Defense Initiative (SADI) program and Sustainable Development Technology Canada (SDTC).

About Integran Technologies, Inc.

Integran is a world leader in advanced metallurgical nanotechnologies, providing a broad international base of customers with advanced process & product design solutions through R&D, material sales, contract manufacturing and technology licensing. Integran and its predecessor organizations have been at the forefront of metallurgical nanotechnology development for more than 20 years. Integran has established an international reputation for excellence in materials technology development and commercialization. Integran owns the intellectual property rights for the cost-effective production of metallurgical nano-structures with more than 250 patents dealing with the structure, composition, processing and application of its revolutionary
materials.

About Enduro Industries LLC

Enduro Industries LLC is one of the largest suppliers of chrome and nano-cobalt plated bar in North America and specializes in the hard chrome plating and induction hardening of carbon steel shafting and tubing for hydraulic cylinder rod applications. Enduro uses three different plating technologies in the production of its products: standard chrome plating; Chromerod Extreme plating; and nano-cobalt phosphorous plating. Enduro is a global suppl ier to major OEM and hydraulic cylinder manufacturers. Applications include earth moving, construction, agriculture, timber harvesting, car transporters, material handling, forklifts, and mobile access platforms.

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