Exechon joint venture sells XMini to UAE-based REFCO Metals

Exechon Enterprises L.L.C. has announced, that as part of a joint venture, it has has sold an XMini industrial robotic manufacturing tool to REFCO Metals L.L.C., a UAE-based manufacturer of aluminum assemblies for luxury automobiles, the company said.

The joint venture (JV) company is comprised of U.S.-based global security and aerospace company Lockheed Martin (NYSE: LMT), United Arab Emirates (UAE) -based Injaz National and Sweden-based Tecgrant AB.

Exechon´s XMini is going to work for Dubai-based REFCO Metals. The portable, high-precision robot makes parts to the exacting quality standards of the aerospace, defense and automotive industries.

In a series of trials conducted at Exechon´s Application and Technology Center facility in Abu Dhabi, the XMini demonstrated its capability to machine complex parts with high precision in a single setup while improving productivity and cutting cycle/setup times in half.

Headquartered in Bethesda, Maryland, Lockheed Martin is a global security and aerospace company that employs approximately 100,000 people worldwide and is principally engaged in the research, design, development, manufacture, integration and sustainment of advanced technology systems, products and services.

Exechon Enterprises L.L.C., is a joint-venture company that consists of Abu Dhabi-based Injaz National, Lockheed Martin, and Sweden-based Tecgrant AB. Exechon is an engineering and manufacturing center of excellence for parallel kinematics machining robots. Its products bring a full suite of automated manufacturing options to the aerospace, defense and automotive sectors, as well as other industrial markets.