STX and Ashurst join in lacrosse stick deal


September 16, 1997

Ashurst Technology Ltd., the Bermuda-based company that has its research and development center in Relay, has joined forces with STX Inc. of Baltimore to produce and market lacrosse sticks made from a once "top-secret" alloy used in Soviet fighter planes.

Under terms of a license agreement announced yesterday, STX has the exclusive right to purchase lacrosse sticks made of an aluminum and scandium alloy from Ashurst for a period of two years.

STX has issued a $591,000 purchase order to Ashurst for the production of several thousand lacrosse sticks.

"Ashurst's scandium alloys provide twice the strength of the commonly used aluminum alloy sticks and over 20 percent greater strength relative to the leading high-strength aluminum alloy sticks available today," said Richard Tucker, president of STX.

Ashurst has exclusive rights to develop and market scandium from a mine in Ukraine.

Earlier this month, it licensed California-based Easton Sports Inc. of Van Nuys, Calif., to manufacture and market baseball and softball bats and bicycle frames from the alloy.

Pub Date: 9/16/97

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