Spincraft WI: Employee Safety Focus

New Berlin, WI: With Employee safety a foremost priority throughout the Standex businesses, Spincraft WI plant made strides in 2018 with robust and effective expansions to their existing Safety Programs. Workers attended clinics throughout the year for training in specific areas such as Crane & Lifting, Hearing Conservation, and Proper Lifting. Other classes covered safety measures relating to Forklift Operations, Fire, Ladder & Work-surfaces training, and more.
Daily GEMBA walks lead to process improvements and ensure that safety remains a focus throughout the manufacturing stages of a given program or work center. The plant has also implemented several Hazard Assessment Audits that will be performed on a yearly basis.
Spincraft management hosted a luncheon for the Commerce Drive facility workers honoring a year with no lost time due to injuries. The facility reached 544 days and reported a 65% decrease in injury rate from November 2017 to Nov 2018. Members of Spincraft WI ‘Safety Squad’ shown in photo below:

T. KENT PUGMIRE, RECIPIENT OF 2018 WYLD ROCKET PROPULSION AWARD

T. Kent Pugmire , Standex ETG Technical Representative, was recognized by the American Institute of Aeronautics and Astronautics (AIAA) as ‘Rocket Scientist’ of the Year with his selection to receive the prestigious 2018 Wyld (Rocket) Propulsion Award.

The annual award honors ‘outstanding achievement in the development or application of rocket propulsion systems’ and is named after James Hart Wyld. Pugmire received the award on July 11, 2018 at the AIAA Propulsion and Energy Forum in Cincinnati, Ohio. The award citation reads: “For pioneering contributions to the design and development in-space propulsion systems including the creation of electro-thermal ammonia/hydrazine propulsion systems used in hundreds of spacecraft.”

The first spacecraft, Sputnik 1 (Dec 1959) and Explorer 1 (Jan 1960) were placed in elliptical orbits with very limited life. Neither had in-space propulsion to control or change position. This quickly led to the development for in-space propulsion. Initially this was accomplished with containers of pressurized nitrogen or helium which had short life and low propulsive efficiency. Within 10 years liquid fueled propulsion was implemented on small, limited mass spacecraft which had only a few watts electric power for communication and instruments.

During this period, Kent Pugmire was developing very low thrust (~.000,001 pounds thrust) liquid fueled ammonia electro-thermal propulsion systems for NASA and the Naval Research Laboratory. These developments provided the first spacecraft based, operational Global Positioning System (GPS). Some ten years later Kent’s developments produced the first operational electric (several kilowatts power) propulsion spacecraft. Use of this electric propulsion extended operational life of communication, weather, DOD spacecraft about 35% over the standard chemical engines in use at that time. Some applications are continuing today (1980s – 2018).

“Another prestigious honor for a longtime friend and colleague,” said Standex ETG’s Rich Morganti, VP Advanced Engineering & Technology. “It is not surprising given Kent’s passion and dedication to the industry. For those of us who have had the opportunity and pleasure to work with Kent, we are very fortunate indeed.”

Pugmire has worked with Spincraft / Standex ETG for 20+ years as Technical Representative and Consultant to the Space Systems market. Members of the ETG team were on hand for the award, joining several of Pugmire’s family members and business associates.

Pugmire was previously recognized by AIAA, having been inducted to the AIAA Class of 2016 Fellows. AIAA Honorary Fellows and Fellows represent the best of the aerospace community. These individuals have advanced the state of the art of aerospace science and technology, making unique contributions to the profession.
AIAA is the largest aerospace professional society in the world, serving a diverse range of more than 30,000 individual members from 88 countries, and 95 corporate members.

AEROSPACE JAM 2018

Milwaukee WI: Oct 27, 2018:

Wisconsin Space Grant Consortium, Milwaukee Bucks, WI Economic Develop Corp (WEDC), and WI Aerospace Partners joined forces to host the second Aerospace Jam on Oct 27, 2018. This year’s event was held at the new Fiserv Forum in downtown Milwaukee.
Aerospace Jam was created to provide students an opportunity to learn more about Wisconsin’s aerospace industry and local businesses. The half-day event drew over 300 STEM students, ranging from middle school to college seniors.

Spincraft WI participated for the second year, welcoming the chance to speak with students about manufacturing at their New Berlin facilities. Spincraft Engineering Manager, Jeff Dudzik, fielded questions ranging from the very basic to highly complex, with subjects covering Spincraft processes, technologies, products and applications. Dudzik found it refreshing and rewarding to connect with the enthusiastic students, stating it gave him a ‘new perspective and appreciation’ for the variety of interesting projects and development work Spincraft has been a part of for so many years.
Spincraft Engineering Intern Michael Mueller offered his insight to those students inquiring about intern duties, and HR Manager Jamie Martin spoke of various career opportunities within the plant.
Below: Mueller, Martin and Dudzik at the Spincraft display, ready for Aerospace Jam to begin.

MILESTONE ANNIVERSARY – SPINCRAFT WI 100 YEARS!

New Berlin WI – MILESTONE ANNIVERSARY – SPINCRAFT WI 100 YEARS!

On September 13, 2018 Standex Engineering Technologies Group (ETG) celebrated a significant milestone with its New Berlin WI plant marking 100 years of service! A full century of proven success utilizing metal spinning and forming to solve customers’ manufacturing challenges. The anniversary luncheon event was attended by 75 New Berlin employees, retirees and ETG management. Spincraft was honored to have New Berlin Mayor David Ament attend the festivities which included an outdoor cookout along with a display of historical Spincraft documents, advertisements, and artifacts. In honor of the occasion, Mayor Ament presented Spincraft with an official proclamation, declaring September 13, 2018 ‘Spincraft Day’ in the city of New Berlin. (image l>r: Len Paolillo, President Standex ETG; Mike Koszarek, Spincraft WI Machinist; David Ament, Mayor New Berlin; Sara Esser, GM Spincraft WI)
ETG President Len Paolillo addressed the group, and emphasized it is the employees that have allowed Spincraft WI to be a viable business and solution provider to their customers for a century. Their skills, effort, and team dedication to “always get the job done, and get it done right” is what allowed Spincraft WI to move forward in both good and challenging times, and what continues to enable the business to transform itself in preparation for a bright future. Machinist Mike Koszarek with an impressive 43-year career at Spincraft, also addressed the group sharing his experience in growth and innovative developments over the years. (photos below l>r: Len Paolillo,
Mayor David Ament reading Spincraft Proclamation, Mike Koszarek speaking to the group, employees enjoying anniversary luncheon)

The company started in 1918 as Milwaukee Metal Spinning Company, although it was better known as Spincraft. Located in Milwaukee, the plant originally produced consumer products including cookware and stemware, Christmas tree stands, pet food bowls, and even bug traps. These early successes helped lay the groundwork for the company to expand its engineering and manufacturing capabilities, eventually making itself known for its role in the development and growth of the overall US metal spinning industry. Theodore J. Salow Jr and his wife Klementine are credited for their early foresight into expanding metal spinning as a viable manufacturing process across many markets. (photos below: earlier Milwaukee Metal Spinning building, early Spincraft building, current Spincraft New Berlin factory on Commerce Street, ETG’s newest facility – the Spincraft New Berlin plant located on Beloit Road)

‘Firsts’ were not uncommon at Spincraft; Stainless Steel, Nickel, Magnesium and most of the modern hard alloys were first spun by Milwaukee Metal Spinning Company spinners. In the mid-late 1900’s Spincraft was heavily involved in the Defense and Energy markets. Fast forward to 2018, and ETG’s newest facility – a second WI plant in New Berlin – has been in operation for two years. This state-of-the-art plant features 100% flow-line manufacturing for thin-gauge aluminum forming primarily for the Aircraft / Aviation market. (photo below: group shot of New Berlin employees, retirees, and management following the Anniversary luncheon)

Spincraft was acquired in 1971 by Standex International Corporation and is now a part of the Standex Engineering Technologies Group (ETG). Additional Spincraft facilities are in Boston MA, and Newcastle UK. The final Group member, Enginetics, is based in Huber Heights, OH.

About Standex
Standex International Corporation is a multi-industry manufacturer in five broad business segments: Food Service Equipment, Engraving, Engineering Technologies, Electronics, and Hydraulics with operations in the United States, Europe, Canada, Japan, Australia, Singapore, Mexico, Brazil, Argentina, Turkey, South Africa, India and China. For additional information, visit the Company’s website at http://standex.com/.

Spincraft UK £1M Investment Expands Aviation and Space Capabilities

Newcastle-upon-Tyne GB: May-2017: Spincraft ETG, based in the heart of northeast England, recently received £1M funding from their parent company Standex. As a provider of metal-forming solutions, this funding will allow the manufacturing plant to further expand its capacity and breadth of services, especially within the Aviation and Space markets.

What makes the Newcastle-based Spincraft plant unique is their metal forming capabilities including CNC Spin Forming, Sheer forming and Pressing (using cold and hot forming). The substantial investment will permit the creation of a brand new aeronautics manufacturing cell, allowing the Newcastle plant to offer its customers full turn-key solutions in-house.
Mike Hutchinson, Spincraft’s Operation Director said:

“Matching our investment with our customer’s long term needs is crucial for the future of the Newcastle plant. Our highly committed and experienced teams are anxiously awaiting the new cell”
The initial stage of the investment includes the following processes within the vertically integrated cell:
• Vertical Turning • 5-Axis milling • CMM and Control Room • FPI Inspection • Laser Faro Scanners • Shadow Graph & Part Marking
Cell construction is well underway, and initial segments are expected online as early as summer 2017.
Catherine McKinnel, currently standing as candidate for Labour Member of Parliament for Newcastle North, recently visited Spincraft to learn more about the plant’s capabilities and future plans. McKinnel toured the Newburn facility and had the opportunity to meet with management and factory employees.
Catherine reported:
“It’s really exciting to know that world-leading technology developed and manufactured here in Newcastle is winging its way into space – but even more so to learn that we could be playing a leading role in this growing international industry in the years to come. I am looking forward to supporting Spincraft’s plans for the future.”
McKinnells full review of her Spincraft ETG visit can be found at
www.catherinemckinnellmp.co.uk
About Spincraft, Standex Engineering Technologies Group
SPINCRAFT and ENGINETICS form Standex’s Engineering Technologies Group (ETG). Six facilities across the US and UK provide global manufacturing solutions via collaborative engineering efforts. Precision metal forming technologies are supported by vertically integrated manufacturing processes. ETG solutions support Aviation, Defence and Space-System markets. For more information about Spincraft and Enginetics, visit www.standexetg.com
About Standex Standex International Corporation is a multi-industry manufacturer in five broad business segments: Food Service Equipment, Engineering Technologies, Engraving, Electronics, and Hydraulics with operations in the United States, Europe, Canada, Australia, Singapore, Mexico, Brazil, Argentina, Turkey, South Africa, India and China. For additional information, visit the Company’s website at www.standex.com/

Dr. T. Kent Pugmire Inducted to the AIAA Class of 2016 Fellows

June 15, 2016: AIAA Aerospace Spotlight Awards Gala, Washington DC.

Standex ETG Technical Representative, Dr. T. Kent Pugmire, was recently honored by the American Institute of Aeronautics and Astronautics (AIAA) as a Class of 2016 Fellows.

Pugmire has worked with Spincraft / Standex ETG for 20+ years as Technical Representative and Consultant to the Space Systems market. Members of the ETG team were on hand for the celebration, joining several of Pugmire’s family members and business associates at the AIAA Spotlight Awards Gala held in Washington DC June 15, 2016.

AIAA Fellows are recognized as “persons of distinction in aeronautics or astronautics, who have made notable and valuable contributions to the arts, sciences, or technology thereof.” The AIAA board of directors elects only 1 Fellow per 1,000 members; with 24 Fellows appointed to the 2016 Class.
Pugmire was acknowledged by the Institute for his ‘ pioneering contributions to the design, development, and application of in-space propulsion systems, and a half-century of service to AIAA’.
A member of the Institute for 55 years with over 70 publications, Pugmire, a 30 yr. active member of the Liquid Propulsion Technical Committee, has organized and chaired over 50 Joint Propulsion Conference sessions. He developed arc heated reentry test facilities for primes and NASA followed by invention and development of electro-thermal heated engines and propulsion systems for 40 spacecraft, commencing operational use of electric propulsion for spacecraft. One of Pugmire’s electro-thermal concepts is the ongoing basis of over 250, long life, station keeping engines.
ETG President, Len Paolillo, commented: “The recognition Kent received for his contributions to AIAA and to the Aerospace community was overdue and very well deserved. Kent has long been a key contributor to ETG with his technical expertise and business acumen, and a trusted adviser to me personally for a number of years. The entire ETG team is honored and proud to have Kent as our colleague.”

Community Leaders visit Spincraft WI

New Berlin Mayor, David Ament, and Chamber of Commerce President, Gary Szpara recently visited the Spincraft WI plant. Ament and Szpara met with General Manager, Gary Frey, to learn about Spincraft manufacturing capabilities and how they are utilized to solve unique challenges for the various markets served by this plant. The visit was highlighted by a tour of the 100,000 sq foot factory to see first-hand several of Spincraft’s critical components and assemblies in production.

Standex Awarded Contract from Airbus for A320neo Aircraft

SALEM, N.H.–(BUSINESS WIRE)–Standex International Corporation (NYSE:SXI) today announced that Spincraft, the Company’s engineered products metal fabrication business unit in its Engineering Technologies Group, has received a long-term contract from Airbus to produce single-piece lipskins for the nacelles on the Airbus A320neo, one of the largest-selling commercial aircrafts in the world. The contract, which runs through 2021, represents Spincraft’s second major award for the A320 neo program following last year’s announcement of the award for the geared turbo fan engine. Under the terms of the agreement, Spincraft will produce single piece spun and machined lipskins for 750 A320neo aircraft. The lipskins will be included in the aircraft’s CFM International LEAP-X engine option. Program development of the lip is expected to begin in early 2015, with the initial delivery scheduled for 2016.1
“This new contract for the A320neo marks our first direct supplier agreement with Airbus,” said Len Paolillo, President of Standex’s Engineering Technologies Group. “We will be using CNC forming technologies that we have developed and refined over the years, along with investments in other processes to support the production for this product line. This is a significant win for the Engineering Technologies Group in our targeted high-growth aviation market. The A320neo is one of the leading fuel-efficient planes in the industry today, and we have worked closely with Airbus, and will continue to collaborate with them to provide solutions in their efforts to achieve cost and efficiency improvements on their aircraft.1”

About Standex
Standex International Corporation is a multi-industry manufacturer in five broad business segments: Food Service Equipment Group, Engineering Technologies Group, Engraving Group, Electronics Products Group, and Hydraulics Products Group with operations in the United States, Europe, Canada, Australia, Singapore, Mexico, Brazil, Argentina, Turkey, South Africa, India and China. For additional information, visit the Company’s website at www.standex.com.

1Safe Harbor Language Statements in this news release include, or may be based upon, management’s current expectations, estimates and/or projections about Standex’s markets and industries. These statements are forward-looking statements within the meaning of The Private Securities Litigation Reform Act of 1995. Actual results may materially differ from those indicated by such forward-looking statements as a result of certain risks, uncertainties and assumptions that are difficult to predict. Among the factors that could cause actual results to differ are the impact of implementation of government regulations and programs affecting our businesses, unforeseen legal judgments, fines or settlements, uncertainty in conditions in the financial and banking markets, general domestic and international economy including more specifically increases in raw material costs, the ability to continue to successfully implement productivity improvements, increase market share, access new markets, introduce new products, enhance our presence in strategic channels and the other factors discussed in the Annual Report of Standex on Form 10-K for the fiscal year ending June 30, 2014, which is on file with the Securities and Exchange Commission, and any subsequent periodic reports filed by the Company with the Securities and Exchange Commission. In addition, any forward-looking statements represent management’s estimates only as of the day made and should not be relied upon as representing management’s estimates as of any subsequent date. While the Company may elect to update forward-looking statements at some point in the future, the Company and management specifically disclaim any obligation to do so, even if management’s estimates change.

Contact:
Standex International Corporation

Thomas DeByle, 603-893-9701

CFO

InvestorRelations@Standex.com

Standex Announces Enginetics Acquisition

SALEM, N.H.–(BUSINESS WIRE)–Standex International Corporation (NYSE:SXI) announced today that it has closed its previously announced acquisition of Ohio-based Enginetics Corporation, a leading producer of aircraft engine components serving the U.S. and European aviation markets. Enginetics had revenue of approximately $30 million in the trailing 12 months. This acquisition is expected to be accretive to earnings in the range of $0.03 to $0.05 excluding the impact of purchase accounting related to inventory and long term backlog in the remainder of Fiscal 2015 and $0.07 to $0.09 in the full year Fiscal 2016 excluding the impact of long term backlog.1
“Enginetics has been awarded a number of long-term agreements with OEMs and Tier one suppliers to support the next generation of energy efficient aircraft engines,” said Standex CEO David Dunbar. “With its experienced management team and value-added metal forming technologies, Enginetics will enable the Standex Engineering Technologies Group to expand its relationships with these important customers and increase its exposure to growing aviation markets in the United States and Europe. In addition, the acquisition presents us with opportunities to drive new business by selling Enginetics’ product solutions into non-aviation markets currently served by Standex.1”

About Enginetics
Headquartered in Huber Heights, Ohio, Enginetics produces commercial components for the commercial aviation market through a variety of forming processes.

About Standex
Standex International Corporation is a multi-industry manufacturer in five broad business segments: Food Service Equipment Group, Engineering Technologies Group, Engraving Group, Electronics Products Group, and Hydraulics Products Group with operations in the United States, Europe, Canada, Australia, Singapore, Mexico, Brazil, Argentina, Turkey, South Africa, India and China. For additional information, visit the Company’s website at http://standex.com/.

1 Safe Harbor Language

Statements in this news release include, or may be based upon, management’s current expectations, estimates and/or projections about Standex’s markets and industries. These statements are forward-looking statements within the meaning of The Private Securities Litigation Reform Act of 1995. Actual results may materially differ from those indicated by such forward-looking statements as a result of certain risks, uncertainties and assumptions that are difficult to predict. Among the factors that could cause actual results to differ are the impact of implementation of government regulations and programs affecting our businesses, unforeseen legal judgments, fines or settlements, general domestic and international economy including more specifically increases in raw material costs, the ability to substitute less expensive alternative raw materials, the ability to continue to successfully implement productivity improvements, increase market share, access new markets, introduce new products, enhance our presence in strategic channels, the successful expansion and automation of manufacturing capabilities and diversification efforts, the ability to continue to achieve cost savings through lean manufacturing, cost reduction activities, and low cost sourcing, effective completion of plant consolidations, successful completion and integration of acquisitions and the other factors discussed in the Annual Report of Standex on Form 10-K for the fiscal year ending June 30, 2014, which is on file with the Securities and Exchange Commission, and any subsequent periodic reports filed by the Company with the Securities and Exchange Commission. In addition, any forward-looking statements represent management’s estimates only as of the day made and should not be relied upon as representing management’s estimates as of any subsequent date. While the Company may elect to update forward-looking statements at some point in the future, the Company and management specifically disclaim any obligation to do so, even if management’s estimates change.

Contact:
Standex International Corporation

Thomas DeByle, 603-893-9701

CFO

InvestorRelations@Standex.com