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Apex Machine Tool Adds Two State-of-the-Art EDMs to Enhance its Wire Group
FARMINGTON, Conn., Nov. 27 /PRNewswire/ -- Apex Machine Tool, a division of EDAC Technologies (OTC Bulletin Board: EDAC - news), has enhanced its
wire EDM group with the addition of two new, state-of-the-art cutting machines, bringing to eight, the total number of EDM machines at Apex. The
new units are a Charmilles Robofil 230 and a Charmilles Robofil 2030SI. These leading- edge units enhance Apex's capacity to cut accurately up to
0.0001 tolerance, increasing speed/feed rates to achieve precise repetitive results and close tolerance EDM surfaces for machine, mold and tool
component parts.
"Predictable results at high cutting speeds and accuracy through advanced automation mean direct cost savings to our customers," said George
Fraher, Apex president. "The new machines guarantee the highest quality product but with one of the fastest turnaround times available - two
benefits our customers can depend on."
The machines will be used to supply precision tooling and component parts to a wide variety of industries including aircraft, medical, automotive,
telecommunications, power generation, composites, marine, optical, consumer and business products.
The Robofil 230 is designed to deliver perfectly predictable, consistent results in support of a wide variety of stamping tools, dies, fixtures,
gages and mechanical engineering component applications. The Robofil 2030SI is a fast, high-volume machine which can operate unattended around the
clock. It allows up to 30 degree taper for a 2.6" tall part.
EDAC Technologies Corporation is a designer and manufacturer of tools, fixtures, jet engine components, injection molds and spindles. The company's
Apex Machine Tool division specializes in designing and manufacturing high- precision fixtures, gages, dies, molds and component parts for
commercial and military applications. For more information, contact EDAC Technologies Corporation, 1806 New Britain Avenue, Farmington, CT 06032;
Tel: (860) 677- 2603; Fax: (860) 674-2718; E-mail: info@edactechnologies.com; Web: www.edactechnologies.com.
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Certain matters described in this report are forward-looking statements and are subject to risks and uncertainties that could cause actual results
to differ materially from those projected. Without limitation, these forward- looking statements include statements about the Company's future
operating performance and profitability. Such risks and uncertainties include, but are not limited to, factors which could affect demand for the
Company's products and services such as general economic conditions and economic conditions in the aerospace industry and other industries in which
the Company competes; competition from the Company's competitors; and the Company's ability to complete backlog orders in 2001. Other risks are set
forth in the Company's reports and documents filed from time to time with the Securities and Exchange Commission. The Company disclaims any
intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
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