This Day On The Street
Continue to site
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

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

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

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

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
Stocks Under $10

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

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
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!
SYM TRADE IT LAST %CHG

Markets

DOW 17,826.30 -279.47 -1.54%
S&P 500 2,081.18 -23.81 -1.13%
NASDAQ 4,931.8150 -75.9760 -1.52%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs