| FOR IMMEDIATE RELEASE: | Contact: Michael Baum |
| Nov. 3, 1997 | (301) 975-2763 |
| TN-6139 |
The NIST Advanced Technology Program has announced that it will renew a multiyear research award to Precision Castparts Corp. (Portland, Ore.) to develop innovative casting technology that combines the superalloy processing capabilities of investment casting with the economic advantages of sand casting to produce large superalloy castings, such as exhaust frames for industrial gas turbine engines.
The amount of the current award renewal is $491,411. The original three-year project, begun in 1995, was projected to receive a total of approximately $2 million in ATP funding, matched by approximately $949,000 in industry funding.
Advanced Technology Program awards are designed to help industry pursue risky, challenging technologies that have the potential for a big payoff for the nation’s economy. ATP projects focus on enabling technologies that will create opportunities for new, world-class products, services and industrial processes, benefiting not just the ATP participants but other companies and industries—and ultimately consumers and taxpayers. The ATP’s cost-shared funding enables industry to pursue promising technologies that otherwise would be ignored or developed too slowly to compete in rapidly changing world markets.
Detailed information on this project, Development of Casting Technology to Produce Large Superalloy Castings for Industrial Applications, is provided in the fact sheet.
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