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[May 2002]
Triton Systems Spins Off Ceracom; Ceramight Acquired
Triton Systems Inc (Chelmsford, MA, USA) - a materials product and process development company - has spun off its Extreme Environment Composites group. The company spin-off - named Ceracom Inc - will manufacture ceramic and ceramic matrix composites (CMCs).CMCs are a class of ceramics that are combined with metal, polymers or fibre to create strong, lightweight and highly durable components used in extreme environments where high temperatures and harsh elements are a factor.
"The company elected to spin off Ceracom as a wholly owned affiliate in order to promote technical and business development in ceramic composite technology that targets the growing extreme environment materials market, now in excess of $12 billion per annum," explained TSI Chairman Ross Haghighat. "In the near future, this move will result in commercial products such as modules for high temperature fuel cells, as well as defense applications including laser mirrors, rocket nozzles and turbine engine components."
In a simultaneous move, Ceracom acquired Ceramight Ltd of Israel. Under the agreement, Ceracom will obtain Ceramight's patented ceramic-metal composite technology, also called Ceramight, and maintain a base in Yavne, Israel as Ceracom Materials Israel (CMI) Ltd.
David Model, CEO of Ceracom and of CMI, noted that "acquiring Ceramight was a crucial piece of the Ceracom strategy to offer a broad portfolio of advanced ceramic products to our customers. Ceramight composite material is extremely erosion resistant in very high temperatures and highly corrosive environments - making it ideal for rocket propulsion and aerospace applications".
ENDS