Vibrant Announces New Licensing and Manufacturing Agreement

  Vibrant Announces New Licensing and Manufacturing Agreement

Business Wire

ALBUQUERQUE, N.M. -- September 9, 2013

Vibrant Corporation has announced a new licensing and manufacturing agreement
with Magnaflux, a division of Illinois Tool Works (ITW). The agreement grants
Vibrant manufacturing rights for Process Compensated Resonance Testing (PCRT)
systems, and also provides the Company long-term access to core intellectual
property for the PCRT technology.

“The ability to build PCRT systems in-house is a tremendous asset for
Vibrant,” said Vibrant Director of Operations Greg Weaver. “The agreement
allows us to incorporate improvements we’ve made to PCRT technology into the
systems we use to service our Aerospace and Power Generation customers. These
enhancements will also help Magnaflux to better serve their rapidly growing
customer base in the Automotive market.”

“This is the kind of win-win arrangement we’ve come to expect in our dealings
with Magnaflux,” said Lem Hunter, CEO of Vibrant. “Consolidation of
intellectual property and manufacturing brightens the future of both
companies.” Future PCRT systems will be produced by Vibrant Corporation in
Albuquerque, NM and by Vibrant GmbH in Limburg, Germany.

About Vibrant

Vibrant provides Process Compensated Resonance Testing services to the
Aerospace and Power Generation industries worldwide through its facilities in
the United States, Germany, and the United Kingdom. PCRT applications range
from quality assurance and process capability assessment for Original
Equipment Manufacturers to in-service structural assessment and life
monitoring for Maintenance, Repair, and Overhaul organizations. Vibrant is
certified to AS9100 Rev C, and conducts testing in compliance with ASTM
Standard Practice E-2534. www.vibrantndt.com

About Magnaflux

Magnaflux, a division of Illinois Tool Works, is a leading global manufacturer
of nondestructive testing (NDT) products and equipment used in the aerospace,
automotive, oil & gas, nuclear power, and other major industries. The company
has maintained a leadership position in the NDT industry for 80 years and its
products are distributed and sold worldwide.

Contact:

Vibrant Corporation
Eric Biedermann, 505-338-2576
ebiedermann@vibrantndt.com
 
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