General Magnaplate Corporation (Magnaplate) principally is engaged in applying, through various proprietary and other processes, coatings which cannot chip, peel or rub off and which increase the hardness, corrosion resistance, wear resistance and/or lubricity of metal parts produced by its customers. The Company applies coatings to aluminum, steel, copper alloys, titanium, magnesium and other special alloys. Magnaplate had revenues of $11.5 million for the fiscal year ended June 30, 1999 compared to $11.7 million for the prior fiscal year. The Company terms its coatings "Synergistic" because they apply several types of materials or metals to the base metal to form a composite coating which is then infused to become an integral part of the underlying metal. The composition and thickness of the coatings are controllable and thus can be varied according to the characteristics, which the Company's customers need for the required end product.Because the coatings change the surface qualities of the base metal, they can permit the use, in some applications, of underlying metals which are less expensive, easier to shape or lighter than other metals or alloys with similar qualities. The Company handles each job on a "custom" basis, according to each customer's specifications. Items coated vary greatly in size and shape. Production runs vary from a few to thousands. The Company's coatings are used in the machine tool, food processing, packaging, defense, aerospace, pharmaceutical, pulp and paper, oil service and electronics industries, as well as in other industries which use metal parts. Magnaplate's main proprietary processes are: TUFRAM for aluminum; NEDOX for most metals; MAGNAPLATE HMF for most metals; MAGNAPLATE HCR for aluminum; CANADIZE for titanium; MAGNADIZE for magnesium; LECTROFLUOR for all metals; HI-T-LUBE a specialized dry film lubrication coating; PLASMADIZE,a composite coating for extreme wear application for most metals; MAGNAGOLD, an enhanced titanium nitride PVD coating for various metals and ultra-hard alloy steels to increase surface hardness; GOLDENEDGE, an ultra-hard, ultra-thin TiN PVD coating for blades and all sharp-edged tools; MAGNAPLATE HTR, for superior high temperature release on all metals; MAGNAGLIDE, a coating developed for the exclusive use by Black & Decker for its irons; and Magnaplate CMPT, a robotically controlled toolface production process. The Company has obtained trademark coverage for 15 of these proprietary processes in the United States and on most of them in certain foreign countries. Sales and licensing of coatings using these and other proprietary processes have represented approximately 95% of the Company's total operating revenues for the fiscal year ended June 30, 1999. General Magnaplate has licensing agreements with the following overseas organizations: Ulvac Techno, Ltd. (Japan),YTTEC AB (Sweden), A.T. Poeton & Sons, Ltd. (United Kingdom), MIFA Aluminum BV (Netherlands), and Nussbaum (Germany). The Company has an exclusive worldwide licensing agreement with Household Products, Inc. (Black & Decker) in connection with irons using the MAGNAGLIDE process technology and name. The Company receives periodic royalty payments under these agreements based on sales of products to which its coating technology is applied. The agreements also provide for two-way exchange of new and related technology developed by the Company and licensees.
As Of: 12/31 16:00 ET
*Quotes delayed by 20min.
BuyIns.Net Alerts for Symbol GMCC
- No BuyIns.Net Alerts Available for GMCC
Graphs for GMCC
3 Month Graph
6 Month Graph
1 Year Graph
