Quickstep Signs Teaming Agreement with EDAG Australia to target aerospace manufacturing contracts
- Teaming agreement signed with EDAG Australia Pty Ltd to jointly identify and target integrated design and manufacturing contracts primarily in the aerospace and defence industries.
- EDAG is a recognised design engineering company with over 5,500 engineers globally and specialty expertise in aerospace, defence and automotive product development.
- Quickstep will be the first composite manufacturer to partner with EDAG.
- Agreement with EDAG represents the first in a number of teaming agreements Quickstep intends to establish, covering a range of disciplines to assist in targeting commercial aircraft and defence contracts.
International advanced composites group Quickstep Holdings Limited (ASX: QHL - "Quickstep") has formed a key alliance to assist in targeting aerospace and defence manufacturing contracts, today announcing it has signed a teaming agreement with EDAG Australia Pty Ltd, a division of the German-based EDAG GmbH & Co. KGaA.
Under the terms of the agreement, Quickstep and EDAG will work together to pursue opportunities within the aerospace and defence industries, targeting integrated contracts including component design, production engineering and manufacturing.
Managing Director of Quickstep, Mr Philippe Odouard said "teaming agreements are common within the aerospace industry, enabling consortiums to offer expanded skill sets and expertise that are not typically available within a single organisation".
Mr. Thomas Beck Managing Director of EDAG Australia said "his organisation is a part of a global engineering group that boasts over 5,500 engineers with 600 aerospace engineers in locations such as Germany, France and Spain" and "the EDAG group provides expert engineering knowledge to a wide range of customers including Airbus, Boeing, Dasell, Air France and ATR."
"Offering a combination of EDAG's internationally recognised engineering expertise alongside Quickstep's world class manufacturing team and facilities, the Quickstep/EDAG alliance will represent a significant force when tendering for aerospace contracts," Mr Odouard continued.
Under the terms of the agreement, Quickstep will be responsible for the provision of composite production engineering and manufacturing work, and EDAG will be responsible for design, stress and analysis, test support and certification documentation of components.
The signing of this teaming agreement with EDAG is in keeping with Quickstep's strategy of actively targeting aerospace and defence manufacturing contracts for the Company's North Coogee manufacturing facility, which is on track to achieve AS9100 standards accreditation in mid-March.
Philippe Odouard said he expected the EDAG agreement to be the first in a series of similar teaming agreements covering a range of disciplines, aimed at assisting Quickstep to secure defence and commercial aircraft contracts.
Background on EDAG Australia Pty Ltd
EDAG Australia is a successful Engineering and Design organisation, with 25 years experience providing product development services to industry. It is a wholly-owned subsidiary of the EDAG GmbH & Co. KGaA, the world's largest independent development partner.
EDAG Australia offers a wide and professional range of Aerospace Engineering Services. EDAG engineers are experienced in design to international standards such as FAA, EASA and CASA. EDAG Australia is a part of a global engineering group that boasts over 600 aerospace engineers in locations such as Germany, France and Spain. This group provides expert engineering knowledge to a wide range of customers including Airbus (Tier 1 supplier), Boeing, Dasell, Air France and ATR.
Australian-based Quickstep Holdings Limited (ASX Code: QHL) is an advanced materials company which owns a scalable platform for the energy efficient manufacture of performance efficient composite materials.
Listed on the Australian Stock Exchange in 2005 following a successful IPO, Quickstep initially raised A$6 million to underpin the worldwide commercialisation of its innovative and proven technology with application in the multi-billion dollar aerospace, automotive, mass transit and renewable energy sectors.
Composites combine high strength with light weight and are key materials in aerospace, automotive, marine, defence, public transport and industrial applications. The global composites parts market is growing strongly, reflecting a shift towards the greater use of composites as an increasingly desirable replacement for metals in many applications because of their high strength and reduced weight.
Quickstep's proprietary process is based around a fluid-based curing technology that significantly reduces the cost and time involved in the production of composites compared with conventional processes. Quickstep has been at the leading edge of the growing need to reduce part costs since the early 1990s, with a significant investment in the development of the Quickstep Process over the past decade.
Quickstep already has automated Quickstep pilot production facilities operating at five separate locations with, aside from its own plant in Fremantle, West Australia; one at the Victorian Centre for Advanced Materials Manufacturing (VCAMM) in Geelong; a third at the North West Composites Centre (NWCC) in Manchester, England in conjunction with the University of Manchester; a fourth in the US at Dayton, Ohio, the birthplace of the aviation industry; and a fifth machine located inside the European Aeronautic Defence & Space Company (EADS) group facilities in Munich, Germany, to support a Cooperation & Development Agreement with Eurocopter, the world's largest helicopter manufacturer, signed in May 2007.
Global alliances are also in place with major international advanced materials suppliers such as Toray Composites (in the USA and Japan) and German-based industrial chemicals and performance materials giant Evonik Industries (formerly Degussa AG), alongside R&D and Applications Development Agreements with groups such as VCAMM and the Australian National University.
Quickstep's business model is self-manufacture, joint venture manufacturing arrangements with leading composites manufacturers, Original Equipment Manufacturers (OEM's), Tier One suppliers and machine sales complete with support and licence agreements.