MagnaTech Begins Second Year of NAVAIR Contract

Well, it is a new year and new years bring changes. Last year was a good one for MagnaTech, and we are looking forward to further expansion this year. In addition, this is a year of transition for our present Navy contract. To date, we have been using cylinders to define the surface and core properties of the carburized alloys. We have also spent the past year understanding why and how carburization results from our process. We now have a good understanding, and we are preparing to commercialize our technology. We are preparing a slide show that describes what we are doing and how the technology can benefit you, our customers. We should be prepared to accomplish this objective by spring, not too far away. In addition, as I said, this year will be a year of transition. Now that we have the surface and core properties defined and understand the mechanisms that result through our technology, we now have to demonstrate the wear and the corrosion resistance under simulated practical conditions. We are now underway on this transition, and we intend to have initial test results by next month. In addition to these activities, there is more and more interest in magnetic testing of iron nickel and iron cobalt alloys. MagnaTech is one of the few laboratories other than producers and large companies that are prepared to do these tests. Therefore, in addition to doing tests to determine direct current properties, MagnaTech is considering adapting their test facility to report core losses to a frequency of at least 400 Hz. These objectives kick off a very ambitious expansion for the first part of this year. We are excited about these opportunities and challenges and look forward to serving you, our customers, with the information that you require to improve your products.