AMSTERDAM, Nov. 28, 2016 /PRNewswire/ -- Constellium N.V. (NYSE and Euronext: CSTM) announces today that three of its researchers were awarded the Medal of the Academy by the Air and Space Academy (AAE) for their achievement in developing groundbreaking Airware® aluminium solutions. The AAE aims to encourage the development of high-quality scientific, technical, cultural and human actions, as well as to promote knowledge in these areas, acting as a focal point for activities in France and Europe. The Medal of the Academy recognizes individuals who significantly contribute to progress in the aerospace industry.
Timothy Warner, Knowledge Director and Metallurgy Group Manager, Alireza Arbab, Project Manager, and Bruno Chenal, Strategic Innovation Director, received the medal at the annual Solemn Session held by the AAE on November 25, 2016 in Toulouse, France. "This Medal is a testimony to Constellium's R&D commitment to advance the potential of aluminium and to fulfill our aerospace customers' needs and innovative ambitions," said Bruno Chenal, Constellium's Strategic Innovation Director. "We are particularly proud that Airware® is now flying on the most prestigious aircraft and space programs, such as the Airbus A350 XWB, Bombardier's CSeries, the SpaceX Falcon Launcher and Lockheed Martin's Orion Capsule."
Airware® is a major component in the advanced materials portfolio of the A350 XWB manufactured by Airbus. At the same AAE session, Fabrice Brégier, President and CEO of Airbus, received the Academy's Grand Award for his decisive role in the excellence of the A350 XWB program.
Airware® is the result of decades of R&D to support the most innovative aerospace programs. Constellium's Airware® was launched in 2010 as a comprehensive offer of high-performance aluminium-lithium alloys, best suited to feature in all parts of the primary aerostructure. Airware®'s lower alloy density and improved material properties allow an optimization of structural designs, which leads to an overall weight reduction and a drop in CO2 emissions. Airware® guarantees higher durability due to its greater resistance to fatigue and corrosion, which enable airlines to target extended intervals of heavy maintenance. Airware® is endlessly recyclable without any loss of properties. The technology contributes to the development of a sustainable aerospace industry.
Supporting the industry's endeavours to reduce its carbon footprint, Constellium continues to develop advanced Airware® alloy solutions and manufacturing technologies by working together with R&D teams of the world's major aerospace manufacturers.
Constellium (NYSE and Euronext: 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 €5.2 billion of revenue in 2015.
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 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; the risk that the businesses will not be integrated successfully or such integration may be more difficult, time-consuming or costly than expected; Constellium's increased levels of indebtedness as a result of the acquisition of Wise Metals, which could limit Constellium's operating flexibility and opportunities; the potential failure to retain key employees as a result of the acquisition of Wise Metals or during the integration of the business, the loss of customers, suppliers and other business relationships as a result of the acquisition of Wise Metals; disruptions to business operations resulting from the acquisition of Wise Metals; 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 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 publicly update or revise any forward-looking statement as a result of new information, future events or otherwise, except as required by law.