Alcoa Founding Member of the First Lightweight Metals Manufacturing Institute in the United States

  Alcoa Founding Member of the First Lightweight Metals Manufacturing
  Institute in the United States

Business Wire

WASHINGTON -- February 25, 2014

Alcoa (NYSE: AA), a global leader in lightweight metals engineering and
manufacturing, is a founding member of the country’s first manufacturing
institute focused solely on light metals: the National Lightweight and Modern
Metals Innovation Institute in Detroit, Michigan. The institute was formally
unveiled by President Obama during an event in Washington today.

“Lightweight metals are a growing and critical segment of the national
manufacturing base. We’ve seen this most recently through the increased use of
aluminum in the automotive industry to produce energy efficient vehicles,”
said Alcoa Chairman and CEO Klaus Kleinfeld. “As one of the country’s most
established leaders in lightweight metals, Alcoa is committed to sharing our
expertise to ensure the competitiveness of U.S. industry.”

The goal of the institute is to expand the market for products using new,
lightweight, high-performing metals and alloys by removing technological
manufacturing barriers. Alcoa’s experts at the Alcoa Technical Center (ATC) –
the world’s largest light metals R&D center, located outside Pittsburgh,
Pennsylvania – will work closely with this new institute and focus on
developing technologies impacting the future of key industries, including
automotive, aerospace, defense, consumer products, and maritime sectors.

“Public-private partnerships are essential to advancing the competitiveness of
U.S. manufacturing,” said Dr. Raymond Kilmer, Alcoa’s Executive Vice President
and Chief Technology Officer. “Bringing new innovations to market faster –
while creating meaningful jobs in advanced manufacturing – is vitally
important and Alcoa is proud to have the opportunity to participate in this
new institute.”

Alcoa will serve on the board of the new institute and is one of 60 founding
members, including the University of Michigan, Boeing, General Electric, Honda
North America and Lockheed Martin.

About Alcoa
A global leader in lightweight metals engineering and manufacturing, Alcoa
innovates multi-material solutions that advance our world. Our technologies
enhance transportation, from automotive and commercial transport to air and
space travel, and improve industrial and consumer electronics products. We
enable smart buildings, sustainable food and beverage packaging,
high-performance defense vehicles across air, land and sea, deeper oil and gas
drilling and more efficient power generation. We pioneered the aluminum
industry over 125 years ago, and today, our 60,000 people in 30 countries
deliver value-add products made of titanium, nickel and aluminum, and produce
best-in-class bauxite, alumina and primary aluminum products. For more
information, visit www.alcoa.com, follow @Alcoa on Twitter at
www.twitter.com/Alcoa and follow us on Facebook at www.facebook.com/Alcoa.

Contact:

Alcoa
Investor Contact
Kelly Pasterick, 212-836-2674
Kelly.Pasterick@alcoa.com
or
Media Contact
Lori Lecker, 412-553-3186
lori.lecker@alcoa.com
 
Press spacebar to pause and continue. Press esc to stop.