II-VI Incorporated Ships Scandium Ion Recovery Technology Modular Pilot Plant Under European Union Funded Horizon 2020 Initiative
Coherent Corp. 6.00% Series A Mandatory Convertible Preferred Stock (IIVI)
Last coherent corp. 6.00% series a mandatory convertible preferred stock earnings: 2/10 04:05 pm
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Source: GlobeNewswire
PITTSBURGH, May 29, 2019 (GLOBE NEWSWIRE) -- II-VI Incorporated (Nasdaq:IIVI), a leader in engineered materials, today announced that it shipped the first scandium recovery modular pilot plant to be installed in Greece under a program of the Scandium Aluminum Europe alliance, or SCALE, a European Union funded Horizon 2020 initiative to develop efficient exploitation of scandium-containing resources. Scandium is a rare-earth element increasingly demanded for applications that reduce carbon emissions, improve air quality, and strengthen energy security. II-VI’s patent-pending selective ion recovery (SIR) process enables the transformation of industrial waste streams into economical sources of scandium at 50% of the cost of conventional extractive metallurgy techniques and provides environmental benefits. “This shipment is a very important milestone on the path to large-scale commercialization of our SIR process,” said Leigh Dahl, General Manager, II-VI Performance Metals Division. “
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