Kennametal Innovation Recognized as Edison Award Finalist

Rhea-AI Summary

Kennametal Inc. (NYSE: KMT) has been named an Edison Award finalist for its additive manufactured cutting tool with KENionic™ technology, which is 45% lighter and reduces machining time by 50%. The technology aims to enhance productivity and efficiency in precision machining for transportation applications. Award winners will be announced on April 18, 2024.

PITTSBURGH, Feb. 8, 2024 /PRNewswire/ -- Kennametal Inc. (NYSE: KMT) announced today that it has been named an Edison Award finalist for its industry-first, additive manufactured cutting tool designed with KENionic™ technology.

The innovative tool mimics organic shape adaptations observed in nature. The result is a tool that is 45% lighter and has demonstrated a reduced machining time by approximately 50% compared to a conventional solution for the targeted customer. The technology is poised to enhance productivity and efficiency for customers, particularly in the precision machining of components for transportation applications.

"At Kennametal, we push the boundaries of innovation in our industries and being recognized as an Edison Award finalist for our KENionic™ technology is a testament to that dedication," said Dr. Carlonda Reilly, Vice President and Chief Technology Officer. "We take a customer challenge, add our materials science, design, process and applications engineering expertise, supplement that with our innovative thinking and we get a winning formula that helps our customers transform how everyday life is built."

Award winners will be announced on April 18, 2024 at the annual Edison Awards Ceremony and Gala Event.

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 and defense, 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 nearly 100 countries stay competitive. Kennametal generated $2.1 billion in revenues in fiscal 2023. Learn more at www.kennametal.com. Follow @Kennametal: Instagram, Facebook, LinkedIn and YouTube.

About the Edison Awards
Established in 1987, The Edison Awards™ is among the most prestigious accolades honoring excellence in new product and service development, marketing, design and innovation. Their mission is to be a leader in globally recognizing, honoring and fostering innovation and innovators to create a positive impact in the world.

View original content to download multimedia:https://www.prnewswire.com/news-releases/kennametal-innovation-recognized-as-edison-award-finalist-302057639.html

SOURCE Kennametal Inc.

FAQ

What is Kennametal Inc.'s ticker symbol?

The ticker symbol for Kennametal Inc. is KMT.

What technology did Kennametal Inc. receive recognition for?

Kennametal Inc. received recognition for its KENionic™ technology, an industry-first, additive manufactured cutting tool.

What are the benefits of the innovative tool developed by Kennametal Inc.?

The innovative tool is 45% lighter and reduces machining time by approximately 50% compared to conventional solutions for the targeted customer.

When will the award winners be announced?

The award winners will be announced on April 18, 2024 at the annual Edison Awards Ceremony and Gala Event.