News Article

M4 Sciences Signs Second Agreement with Belgium-Based NV Bekaert SA to Expand Machining Technology in Global Metals Market
Date: Feb 26, 2013
Source: ( click here to go to the source)

Featured firm in this article: M4 Sciences Corporation of West Lafayette, IN

WEST LAFAYETTE, Ind., Feb 26, 2013 (BUSINESS WIRE) -- James Mann, CEO of M4 Sciences LLC, announced that the company has signed a second technology sublicense agreement for its Modulation-Assisted Machining (MAM)(R) technology.

Mann and officials from NV Bekaert SA, a global company with headquarters in Belgium, signed a long-term agreement that will give Bekaert access to M4 Sciences' MAM technology and related patents.

Bekaert is the world's largest independent manufacturer of drawn-steel wire products and a technological leader in steel wire transformation and coatings. With combined sales of EUR4.6 billion ($6.06 billion) in 2011, customers in more than 120 countries, 27,000 employees and a global production platform, Bekaert continuously seeks innovation opportunities, both in its product portfolio and its internal production processing and equipment design.

"The additional technology sublicense agreement follows on the success of our previous co-development together with Bekaert," Mann said. "Bekaert will be implementing the modulation-assisted machining in a breakthrough manufacturing process, and the new agreement will expand their market applications."

He added that the specific details of the technology, commercial applications and the agreement remain confidential.

"Bekaert continues to lead their industry by adopting new technology. The new application demonstrates the economic potential for machining technology when adopted by an industry champion. A key to Bekaert's success with MAM was their pursuit of technical advantage, commitment to engineering excellence and early partnership with M4 Sciences," Mann said.

The use of MAM in metals processing is a new field of application for the technology. M4 Sciences' MAM technology is the first of its kind in the machining industry. The technology was first integrated by M4 Sciences into a machining system, called the TriboMAM drilling system, which superimposes a low-frequency oscillation in drilling processes.

The technology developed by M4 Sciences was discovered at Purdue University's School of Industrial Engineering and licensed through the Purdue Research Foundation's Office of Technology Commercialization. Mann, also a co-author of the patents, co-founded M4 Sciences in 2005 in the Purdue Research Park.

"The extended collaboration between M4 Sciences and NV Bekaert SA is a clear indication of the global impact of Purdue University technologies," said Joseph B. Hornett, senior vice president, treasurer and COO of the Purdue Research Foundation, which manages the Purdue Research Park.

SOURCE: M4 Sciences LLC