SCI Engineered Materials, Inc. Announces Installation of New Vacuum Hot Press

Rhea-AI Summary

SCI Engineered Materials, Inc. (SCIA:OTCQB) has completed the installation of a new vacuum hot press in Columbus, OH, enhancing its production capabilities and product offerings. This press, capable of operating at high pressures and temperatures, improves the manufacturing of targets from diverse precious metals, with a maximum diameter of 18 inches. Costing approximately $500,000, paid in cash, the new equipment addresses ongoing supply chain challenges. CEO Jeremy Young stated that the upgrade will significantly strengthen SCI's manufacturing footprint and supports a new marketing initiative to raise awareness of these enhanced capabilities.

Positive

• Installation of a new vacuum hot press enhances production capabilities.
• The new press allows for the manufacture of larger and more diverse precious metal targets.
• Investment of approximately $500,000 in new equipment demonstrates commitment to growth.
• Launch of a marketing program to inform customers of increased capabilities.

Negative

• Supply chain issues delayed the order for the vacuum hot press, indicating potential supply chain vulnerabilities.

COLUMBUS, OH / ACCESSWIRE / September 7, 2022 / SCI Engineered Materials, Inc. ("SCI") (SCIA:OTCQB), a global supplier and manufacturer of advanced materials for physical vapor deposition thin film applications who works closely with end users and OEMs to develop innovative, customized solutions, today announced completion of the installation of a new vacuum hot press.

This addition to SCI's production capabilities also enhances the Company's product portfolio. The vacuum hot press has a maximum pressure rating of 75 tons and operates up to 2400 degrees Celsius, which enables the manufacture of targets utilizing diverse precious metal materials. Each planar target can be manufactured up to 18 inches in diameter with multiple nitrogen purge cycles that ensure minimal oxygen content. Inert or forming gases can also be introduced at any pressure during the production cycle. The vacuum hot press has a retractable work thermo couple for lower temperature operations up to 1100 degrees Celsius. At higher temperature requirements, a controller receives production data from a pyrometer ensuring accurate and repeatable runs. It can also run hydraulics and heat from one profile while recording all available data. Additional diagnostic and operating capabilities enable remote monitoring of production runs and related issues.

Jeremy, Young, President and CEO, commented, "The new vacuum hot press further strengthens SCI's manufacturing footprint and increases our product offerings through a wider range of targets utilizing precious metals. It is particularly useful for materials requiring higher temperatures throughout the production process. This equipment was ordered during the first quarter of 2021, reflecting ongoing challenges related to supply chain issues. The installed cost for the vacuum hot press was approximately $500,000 which was paid in cash. We recently launched a marketing program through direct contact and multi-platform online initiatives to create awareness of our increased capabilities among current and prospective customers."

About SCI Engineered Materials, Inc.

SCI Engineered Materials is a global supplier and manufacturer of advanced materials for PVD thin film applications that works closely with end users and OEMs to develop innovative, customized solutions. Additional information is available at

www.sciengineeredmaterials.com or follow SCI Engineered Materials, Inc. at:

https://www.linkedin.com/company/sci-engineered-materials.-inc

https://www.facebook.com/sciengineeredmaterials/

https://plus.google.com/107052645863884937012

Contact:

Robert Lentz
614-439-6006

SOURCE: SCI Engineered Materials, Inc.

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FAQ

What recent development did SCI Engineered Materials announce on September 7, 2022?

SCI Engineered Materials announced the completion of a new vacuum hot press installation.

How much did the new vacuum hot press cost SCI Engineered Materials?

The vacuum hot press was installed at a cost of approximately $500,000.

What are the capabilities of the new vacuum hot press installed by SCI Engineered Materials?

The new vacuum hot press operates at a maximum pressure of 75 tons and temperatures up to 2400 degrees Celsius, allowing for diverse precious metal target manufacturing.

What is the maximum diameter of targets that can be manufactured using the new equipment?

The new vacuum hot press can manufacture targets up to 18 inches in diameter.

How is SCI Engineered Materials addressing supply chain challenges?

The company noted that the vacuum hot press order was affected by supply chain issues, indicating they are taking steps to enhance production capabilities.