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News ReleaseNew CarTech® PremoMax™ Alloy Provides High-Strength and Toughness in Challenging Downhole Drilling Environments Machinability and weldability, coupled with strength, hardness, and fatigue resistance, make PremoMax alloy a cost-effective and durable drilling solution for rigid formation and high-rotation penetration demands. Available in both billets and bars, PremoMax alloy is vacuum arc remelted, which provides superior cleanliness, excellent high-cycle fatigue strength, and outstanding fracture toughness. Due to its moderate carbon content, PremoMax alloy is easily welded, providing flexibility across numerous applications. About Carpenter produces and distributes premium alloys, including specialty alloys, titanium alloys and powder metals, as well as stainless steels, alloy steels and tool steels. Information about Carpenter can be found at http://www.cartech.com. Forward-Looking Statements This news release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are based on management’s current expectations and are subject to risks, uncertainties and other factors that could cause actual results to differ from those projected, anticipated or implied. The most significant of these uncertainties are described in Carpenter's filings with the
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