This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
TheStreet Open House

Core Molding Technologies' Featherlite® SMC Production Reaches 10,000,000 Lbs; Next Generation Product Released

Stocks in this article: CMT

COLUMBUS, Ohio, Oct. 9, 2013 /PRNewswire/ -- Core Molding Technologies, Inc. (NYSE MKT: CMT), a leading North American compounder of custom sheet molding compound (SMC) and molder of fiberglass reinforced plastics, today announced that production of its proprietary low-density Featherlite® SMC has reached 10,000,000 pounds, a milestone for a reduced density SMC material.  The success of this product has prompted a second-generation advancement to be developed, also released today, which the company is branding FeatherliteXL™ SMC.

"In little more than two years, we have seen our innovative, low-density Featherlite® SMC progress from the laboratory, to solid commercial acceptance, to rapidly reaching this production milestone," said Terry O'Donovan, Vice President, Marketing and Sales for Core Molding Technologies.  "The Featherlite® material system blends good mechanical performance with high surface quality, all in a density package that, at 1.43 sp.gr., is 25 percent lower than standard SMC formulations," he added.

Featherlite® SMC is in active use in the automotive, heavy truck and personal watercraft markets.

Capitalizing on the knowledge gained from the company's recently-announced Airilite™ SMC development, Core has reformulated its Featherlite® system into a second-generation product.  The new FeatherliteXL™ SMC offers the same density and mechanical strength as its predecessor material.  However, Core has been able to improve the resin-to-glass strength of the system, by adopting technology developed with the Airilite™ SMC research.  The company expects many of its current Featherlite® applications will adopt the new FeatherliteXL™ improvements.

All three low-density material systems are intended for use primarily by Core in products the company molds for its customers, and in limited circumstances, as raw SMC sold to external molders.  Test plaques are available to qualified customers.

1 of 3

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
DOW 16,756.61 +295.29 1.79%
S&P 500 1,961.61 +34.50 1.79%
NASDAQ 4,474.4320 +91.5850 2.09%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs