Day: February 16, 2023

KCP25C grade with KENGold coating sets new standard for wear and productivity in steel turning

PITTSBURGH, Feb. 16, 2023 /PRNewswire/ — Kennametal Inc. (NYSE: KMT), a leader in metal-cutting tools and solutions, has introduced a new, higher performance turning grade with an advanced coating technology. KCP25C with KENGold is the first choice for metal-cutting inserts with improved wear and higher metal removal rates for steel-turning applications.

“Our high performance KCP25C grade inserts with KENGold coating technology set a new standard for machinists working across a variety of steel turning applications,” said Vice President of Global Product Management Scott Etling. “This gold standard turning insert delivers a one-two performance punch of higher metal removal rates and improved wear resistance, meaning our customers can machine longer and with greater productivity and efficiency than before. Additionally, the insert’s gold flank makes it easy to visually identify wear, maximize edge use and reduce waste.”

KCP25C is the first-choice carbide grade for turning inserts in general purpose applications in a variety of steel materials and delivers consistent, repeatable performance. KENGold is a proprietary, multi-layer coating technology with enhanced pre- and post-coat processes that deliver an effective thermal barrier for greater crater wear resistance, typically experienced in these types of machining applications.

Key features and benefits of KCP25C with KENGold:

• Greater wear resistance for more reliable, consistent tool life
• Improved toughness and reduced chipping
• Enhanced edge protection for greater machining accuracy and reliability
• Gold flank makes it easier to identify wear and reduce waste from unused edges
• Enables increased cutting speeds for increased metal removal rates and higher productivity

KCP25C with KENGold is an example of how Kennametal’s global modernization investments are enabling the company to innovate higher-performing products for customers. The company uses nextgeneration chemical vapor deposition (CVD) technology to produce the coating while advanced pressing and surface treatment technologies deliver tighter tolerance levels than ever before, resulting in a more consistent, reliable tool life.

Kennametal has released KCP25C with KENGold in the most common insert shapes and styles: C, D, S, T, V and W. Longer term, the company plans to expand on KCP25C with additional turning insert shapes and styles—all featuring the KENGold coating technology.

For more information about the KENGold advanced coating technology and KCP25C grade, visit: https://www.kennametal.com/us/en/products/metalworking-tools/turning/coating-technologies/kengold.html.

About Kennametal

With over 80 years as an industrial technology leader, Kennametal Inc. delivers productivity to customers through materials science, tooling and wear-resistant solutions. Customers across aerospace, earthworks, energy, general engineering and transportation turn to Kennametal to help them manufacture with precision and efficiency. Every day approximately 8,700 employees are helping customers in more than 60 countries stay competitive. Kennametal generated $2 billion in revenues in fiscal 2022. Learn more at  www.kennametal.com . Follow @Kennametal: Twitter, Instagram, Facebook, LinkedIn and YouTube.

Photo – https://mma.prnewswire.com/media/2003464/Kennametal_KENGold.jpg
Logo – https://mma.prnewswire.com/media/2003465/Kennametal_Logo.jpg

BAODING, China, Feb. 16, 2023 /PRNewswire/ — Recently, the 2022 list released by AutoPat, the global automotive patent big data platform, shows that GWM owned 6,042 patent disclosures and 4,652 patent authorizations, with a year-on-year increase of 62.86% and 42.87% respectively.

Moreover, in the NEV field, GWM possessed 1,966 patent disclosures and 1,650 patent authorizations, with a year-on-year increase of 51.11% and 80.53% respectively, ranked No. 1 again among auto enterprises in China.

GWM has made constant efforts in hybrid, pure electric, and hydrogen technologies to accelerate its pace toward green technology.

In the area of hybrid technology, GWM has ushered in its first upgrade of DHT technology. The simple switches among three power modes of “pure electric, pure electric priority and intelligent hybrid” allow users to choose more appropriately according to different scenarios, achieving the maximum of vehicle efficiency easily.

GWM also makes various technological achievements in the pure electronic vehicle field, such as power batteries, electric drives, and electric controls. The company has become one of the few auto companies owning the self-developed and self-produced capability of power batteries within the industry.

In the fierce competition caused by industrial changes, GWM makes full efforts in developing intelligent new energy, further contributing its innovative power in building the most dynamic ICV (intelligent connected vehicles) society. At present, GWM has made remarkable achievements in the field of intelligence, with its penetration rate of intelligent models reaching 86.17% in last year.

All along, science and technology innovation has always been the priority of GWM, which has given special attention to new energy and intelligence to build a forest ecosystem with multi-species interaction and continuous evolution.

Now, GWM is speeding up its layout of new energy and intelligent technologies on the base of the forest ecosystem. To this end, the company has continued to increase investment in R&D innovation. According to the 2022 GWM financial report, GWM’s total investment of this area for the first three quarters of 2022 alone was CNY 8.544 billion, a year-on-year increase of 64.74%.

GWM has always adhered to the R&D concept of “precise investment, pursuing industry leadership”. It’s expected that the company’s accumulative R&D investment will be CNY 100 billion by 2025, and mainly spent on new energy, intelligence, and other high-tech fields, so that the products with more cleanness, intelligence and security could be offered to users all over the world.

In the future, GWM will gather more strengths in intelligent new energy technology, and deepen the “ONE GWM” global brand strategy, developing at high speed towards the goal of becoming the top global intelligent technology company.

Photo – https://mma.prnewswire.com/media/2004170/With_increasing_R_D_investment__GWM_discloses_Over_6_000_Patents.jpg

DALIAN, China, Feb. 16, 2023 /PRNewswire/ — China Petroleum & Chemical Corporation (HKG: 0386, “Sinopec”) officially launched China’s first methanol-to-hydrogen and hydrogen refueling service station (the “Service Station”) in Dalian, China yesterday. An upgrade from the previous fueling station offering oil, gas, hydrogen, electric charging services, the integrated complex can produce 1,000 kilograms of hydrogen a day, with a purity of 99.999 percent.

Sinopec’s hydrogen production plant has the advantages of covering a small area, having a short construction time, and having a green, environmentally friendly production process. The new Service Station can save costs on hydrogen production, storage and transportation by more than 20 percent compared to traditional hydrogen refueling stations, and it will become a pilot model to lead the development of China’s hydrogen energy industry.

China produces the most methanol in the world, accounting for 60 percent of the global total. The storage and transportation cost of methanol is also much lower than hydrogen, making methanol-to-hydrogen an ideal hydrogen production technology.

Sinopec’s solution has tackled the bottlenecks of low transport capacities, high costs and long loading times. In addition, the Service Station’s methanol-to-hydrogen and hydrogen refueling devices has an hourly production capacity of 500 standard cubic meters, yet only occupies 64 square meters of the floor area while conventional equipment of the same production capacity would take up 500 square meters of land.

Sinopec Fuel Oil Sales Co., Ltd has built two integrated fueling stations in Dalian’s free trade area, with six more now under construction. With industry-leading hydrogen production efficiency, automation and intelligent capabilities, Sinopec’s solution is sustainable and green – producing zero solid waste, waste water and tail gas while conserving more energy and consuming less methanol.

“The launch of the Service Station has showed that distributed methanol-to-hydrogen is the right roadmap for the sustainable development of China’s hydrogen fueling stations, it is a leapfrog development that offers a safe, reliable, green, intelligent, integrated and efficient solution that will contribute to the scaled application of hydrogen energy at lower cost,” said Yang Junze, Executive Director of Sinopec Fuel Oil Sales.

As part of Sinopec’s commitment to becoming China’s No.1 hydrogen energy enterprise, it has built nine hydrogen fuel cell supply centers across China and built the largest number of hydrogen fueling stations in the world.

For more information, please visit Sinopec.

Photo – https://mma.prnewswire.com/media/2004019/China_s_First_Integrated_Methanol_to_Hydrogen_Hydrogen_Refueling_Service_Station_Now_Operation.jpg
Logo – https://mma.prnewswire.com/media/960416/SINOPEC_Logo.jpg

SYDNEY, Feb. 16, 2023 /PRNewswire/ — Vantage (or “Vantage Markets), the multi-asset trading platform, has appointed Jack Kelly as the Head of Sales in Australia.

Vantage is a leading trading platform for trading Contracts for Difference (CFD), providing a fast execution trading ecosystem through its online platform and award-winning mobile app*.

In this role, Mr Kelly will ensure the delivery of a high-quality experience for customers by empowering the team to provide the right solutions for clients’ evolving trading needs. He will also be responsible for growing Vantage’s sales team in Australia and supporting the integration of third-party tools and partners across marketing, sales, and operations channels.

Mr Kelly joins Vantage Markets from Forex.com, where he was Sales Director (Americas) based in New York. At Forex.com, Mr Kelly was responsible for leading the company’s sales function across the US and Canada region.

Marc Despallieres, Chief Strategy & Trading Officer at Vantage, said: “Jack is the ideal candidate to spearhead Vantage Markets’ growth ambitions in Australia as the head of our local sales team. Not only does he bring a wealth of experience in foreign exchange and CFDs, but he has a proven record for growing tech-based and insights-backed trading products for educated investors.”

Jack Kelly said: “I am passionate about growing innovative investment platforms and introducing investors to trading strategies and tools that will help their trading journey.”

“CFDs have an important role to play as part of a balanced portfolio strategy for informed investors. As a global leader in CFDs, Vantage has an important role to play in driving awareness of this asset category. I’m looking forward to working with the Vantage global and regional teams to consolidate our leadership position and expand our presence in the Australia market.”

About Vantage

Vantage (Vantage Global Prime Pty Ltd) is a multi-asset broker offering clients access to a nimble and powerful service for trading CFD on Forex, Commodities, Indices, Shares, ETFs, and Bonds.

With more than 13 years of market experience, Vantage entities now have over 1,000 employees/personnel across more than 30 global offices.

Vantage is more than a broker; it provides a fast execution trading ecosystem, an award-winning mobile trading app*, and a faster and simpler trading platform that enables clients to take advantage of trading opportunities.

trade smarter @vantage.

http://www.vantagemarkets.com/en-au

Photo – https://mma.prnewswire.com/media/2002993/20011231511168_0355.jpg

Logo – https://mma.prnewswire.com/media/1745281/Vantage_Logo.jpg