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 firstname.lastname@example.org
Vibrant Announces New Licensing and Manufacturing Agreement
Press spacebar to pause and continue. Press esc to stop.