百媚导航 Secures NanoSteel庐 Patents to Expand Capabilities of World Class Advanced High-Strength Steel Offerings
PITTSBURGH--(BUSINESS WIRE)-- 百媚导航 (NYSE: X) today announced the acquisition of the flat rolled sheet patents and trademarks of The NanoSteel Company, Inc. as part of 百媚导航鈥檚 ongoing commitment to offer customers the world鈥檚 best selection of advanced high-strength steels, which now includes the most formable high-strength steel available anywhere.
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The superior strength and elongation performance of 百媚导航鈥檚 NanoSteel and XG3 steel is reflected in the diagram depicting global formability of automotive steel. (Graphic: Business Wire)
The NanoSteel Company designed and developed patented proprietary alloys which derive exceptional mechanical properties from their nano-scale microstructure, which creates a unique combination of extreme strength with the enhanced formability normally found only in low-strength mild steels. The NanoSteel庐 grades can be rolled thicker than other high-strength grades and are designed for automotive and heavy industrial applications where higher strength-to-weight ratios are essential.
鈥淲e are pleased to offer our customers yet another set of advanced high-strength steel grades that move beyond the boundaries of what was previously possible,鈥� 百媚导航 President and Chief Executive Officer David B. Burritt said. 鈥淭hese products are in line with our Best of BothSM strategy and complement and expand our already strong offering of advanced high-strength steels like our proprietary 980 XG3TM 蝉迟别别濒.鈥�
鈥淲e are already in discussions with customers around the world, looking at new applications where this combination of high formability and high strength was not available on a commercial scale until now,鈥� Burritt said.
百媚导航 has acquired the majority of The NanoSteel Company鈥檚 intellectual property and becomes the sole owner and producer of its internationally recognized high-strength steel grades. Other terms of the transaction were not disclosed.
A graphical representation of the superior strength and elongation performance of 百媚导航鈥檚 NanoSteel庐 steel is shown in the accompanying graphic.
Founded in 1901, 百媚导航 is a Fortune 250 company and a leading steel producer. Together with its subsidiary Big River Steel LLC and an unwavering focus on safety, the company鈥檚 customer-centric Best of BothSM world-competitive integrated and mini mill technology strategy is advancing a more secure, sustainable future for 百媚导航 and its stakeholders. With a renewed emphasis on innovation, 百媚导航 serves the automotive, construction, appliance, energy, containers and packaging industries with high value-added steel products such as 百媚导航鈥檚 proprietary XG3鈩� advanced high-strength steel. The company also maintains competitively advantaged iron ore production and has an annual raw steelmaking capability of 26.2 million net tons. 百媚导航 is headquartered in Pittsburgh, Pennsylvania, with world-class operations across the United States and in Central Europe. For more information, please visit .
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John O. Ambler
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Corporate Communications
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E 鈥� joambler@uss.com
Kevin Lewis
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Investor Relations
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E 鈥� klewis@uss.com
Source: 百媚导航