ATK Thiokol Propulsion and IsoTruss Structures, Inc. Announce Collaboration, Marketing Effort
Producer of Ultra-Light, Ultra-Strong Composite Structures Teams With $2.2 Billion Aerospace and Defense Company
Jul 15, 2003
BRIGHAM CITY, Utah, July 15 /PRNewswire-FirstCall/ -- ATK Thiokol Propulsion, a division of Alliant Techsystems (NYSE:ATK) , and IsoTruss Structures, Inc. today announced the signing of a memorandum of understanding for collaboration on the analysis and distribution of composite lattice structures for commercial and military products.
IsoTruss uses patented new geometric technology to create composite structures with extremely high strength-to-weight ratios. The new agreement will enable the two companies to provide application-specific solutions to customers in the military, international aerospace industry and commercial markets that rely on high-performance, lightweight structures.
"We're excited to tap the technical expertise and worldwide business operations that ATK brings," said Christopher Derrington, CEO of IsoTruss. "We hope that by jointly working together to meet the needs of our customers and develop new applications for IsoTruss, we will enable ATK to enhance its product offerings."
ATK Thiokol Propulsion is the world's leading supplier of solid-propellant rocket motors. The company produces the largest solid rocket motors in the world -- the Space Shuttle reusable solid rocket motor and the Titan IVB solid rocket motor upgrade. The company's employees are specialists in the design and analysis of materials and components for both ongoing programs and next- generation technologies.
"This agreement benefits ATK in both the short and long term," said Andy Haaland, manager of Propulsion Technology Business Development at ATK Thiokol Propulsion. "IsoTruss Structures brings us technical work and we will help them with analysis to bring products to market. Developing new applications and products will help us maintain a strong position in the industry."
ATK will provide structural and complex composite analysis for IsoTruss, facilitating advanced technology development programs to produce new applications that could be utilized by IsoTruss.
IsoTruss Structures, Inc., headquartered in Brigham City, Utah, manufactures composite lattice products that meet client-specific end-use requirements as new and unique solutions where designers and engineers have been limited by conventional materials. More information is available at www.isotruss.com .
ATK Thiokol Propulsion is also based in Brigham City. Its parent company, ATK is a $2.2 billion aerospace and defense company with strong positions in propulsion, composite structures, munitions, precision capabilities, and civil and sporting ammunition. The company, which is headquartered in Edina, Minn., employs approximately 12,000 people and has three business groups: Aerospace, Precision Systems, and Ammunition and Related Products. ATK news and information can be found on the Internet at http://www.atk.com/
.
Safe Harbor Statement: Statements in this press release may contain forward-looking statements based on management's current expectations, estimates and projections. Words such as "anticipates," "intends," "plans," "estimates," variations of such words and similar expressions are intended to identify such forward-looking statements. Forward-looking statements are subject to risks and uncertainties, which could cause actual results to differ materially from those projected or implied in the forward-looking statements.
For further information, please contact Christopher Derrington of IsoTruss Structures, Inc., +1-435-695-2000, chris@isotruss.com ; or Andy Haaland of ATK Thiokol Propulsion, +1-435-863-6373, andrew.haaland@atk.com .
Source: ATK Thiokol Propulsion and IsoTruss Structures, Inc.
CONTACT: Christopher Derrington of IsoTruss Structures, Inc.,
+1-435-695-2000, chris@isotruss.com ; or Andy Haaland of ATK Thiokol
Propulsion, +1-435-863-6373, andrew.haaland@atk.com
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