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ADVANCED MAGNESIUM TECHNOLOGIES - ASX: ANM
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Description
Advanced Magnesium Limited (AML) is a publically listed company on the ASX. AML through its wholly owned subsidiary AMT develops and brings to market a broad range of technologies and assists in manufacturing processes.
AML works closely in Australia with CAST Cooperative Research Centre in its research and development program that provides a pipeline of emerging new technologies.
The biggest potential market for magnesium alloys is in the automotive industry. Although significant opportunities exist for increasing magnesium alloy usage in automobiles, many of these new applications require the development of new alloys, improved manufacturing technologies and significant design and technical support for the automotive supply chain. As well as working with the automotive industry, AML is also engaged with other industries, such as personal electronics and communications, where the demand for magnesium alloys can be increased.
Because of its enhanced surface finishing characteristics, AM-lite ® offers significant opportunities in markets such as the 3C’s (computers, cell phones and cameras) where light weight and high quality finish are key requirements. Apart from the 3C's industries, opportunities exist for AM-lite in the automotive, motorcycles, home hardware and other industries.
AMT's new high strength creep resistant magnesium alloys for automotive powertrain applications make it possible for auto manufacturers to reduce the weight of critical systems, such as engines and transmissions. Fuel efficiency can thus be improved, and exhaust emissions reduced, while maintaining or improving the performance of vehicles.
Mine For
magnesium
Location of operation(s)
Australia
Address
Suite 5, Level 4, 350 George Street
SYDNEY, NSW, AUSTRALIA
Phone
+612 9221 3274
Website
http://www.am-technologies.com.au/
Last Updated
25/04/2011
The data on Australian Shares.com is intended as a guide only and is provided purely as an indication of what information can be found through official announcements. Data on this website should not be used to make an investment or trading decision. All information should be carefully cross-checked against official sources for accuracy. The publisher (Intaanetto Pty Ltd) will not be held liable for any loss arising from the use of this website.
