Air Products (APD) Enters License for Proprietary Cryogenic Machining Technology

Air Products (NYSE: APD) has licensed its proprietary cryogenic machining technology to MAG IAS, LLC, a leading machine tool manufacturer. The technology license agreement allows MAG to utilize Air Products' patented cryogen delivery technology and proprietary cryomachining intellectual property—which are designed to mitigate heat generation during the cutting operation thereby enhancing tool life and increasing cutting speeds—along with MAG's Minimum Quantity Cryogenics (MQC) technology.

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