AMSTERDAM, the Netherlands, Dec. 14, 2017 (GLOBE NEWSWIRE) -- Constellium N.V. (NYSE:CSTM) (Euronext Paris:CSTM) was a recipient of the 2017 Defense Manufacturing Technology (ManTech) Achievement Award in the category of Enhancing Military Capability, for its contributions as part of the U.S. Army’s Affordable Protection from Objective Threats (APOT) ManTech program. This prestigious award recognizes individuals from government and the private sector whose ManTech projects result in system enhancements to improve military performance.
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Dr. Bryan Cheeseman, Team Leader, Material Manufacturing and Technology Branch of the U.S. Army Research Laboratory (ARL) nominated Constellium for its efforts in development and maturation of the industrial scale processing of aluminum armor plate for forming single piece combat vehicle hulls. A collaborative team consisting of BAE Systems Land & Armaments, ARL and Constellium developed, fabricated and demonstrated enhanced hull solutions applicable to tracked combat vehicles (Military Tanks).
The Constellium Defense team was tasked to come up with a large formed hull solution, increasing the underbelly protection for the warfighter. The hull plates, produced at Constellium’s plant in Ravenswood, West Virginia, were live fire tested with excellent results, which were utilized by U.S. Army experts to generate requirements for future Army combat vehicles. This technique offers the Army redesign flexibility not available with alternative solutions.
“The hull passed all objective threats and demonstrated capability allowing for the U.S. Military to increase the hull requirements for all tracked vehicles moving forward. This step up in threat level protection is expected to lead to decreased injuries and fatalities for our soldiers in the battlefield. Constellium is proud to be a part of this accomplishment,” said Ken Blake, Constellium’s Director Business Development Transportation and Industry.
Constellium (NYSE:CSTM) (Euronext Paris:CSTM) is a global sector leader that develops innovative, value added aluminium products for a broad scope of markets and applications, including aerospace, automotive and packaging. Constellium generated €4.7 billion of revenue in 2016.
Certain statements contained in this press release may constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. This press release may contain “forward-looking statements” with respect to the Tender Offers, the Redemption, the Satisfaction and Discharge, our business, results of operations and financial condition, and our expectations or beliefs concerning future events and conditions. You can identify forward-looking statements because they contain words such as, but not limited to, “believes,” “expects,” “may,” “should,” “approximately,” “anticipates,” “estimates,” “intends,” “plans,” “targets,” likely,” “will,” “would,” “could” and similar expressions (or the negative of these terminologies or expressions). All forward-looking statements involve risks and uncertainties. Many risks and uncertainties are inherent in our industry and markets. Others are more specific to our business and operations. These risks and uncertainties include, but are not limited to, the ability of Constellium and Wise Metals to achieve expected synergies and the timing thereof, Constellium’s increased levels of indebtedness which could limit Constellium’s operating flexibility and opportunities; the potential failure to retain key employees, the loss of customers, suppliers and other business relationships; disruptions to business operations; slower or lower than expected growth in the North American market for Body-in-White aluminium rolled products, and other risk factors set forth under the heading “Risk Factors” in our Annual Report on Form 20-F and our registration statement on Form F-3, filed on October 30, 2017, and as described from time to time in subsequent reports filed with the U.S. Securities and Exchange Commission. The occurrence of the events described and the achievement of the expected results depend on many events, some or all of which are not predictable or within our control. Consequently, actual results may differ materially from the forward-looking statements contained in this press release. We undertake no obligation to update or revise any forward-looking statement as a result of new information, future events or otherwise, except as required by law.
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