ENDEAVOUR AWARD 2005 - Technofast takes the award for the most innovative product.
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TECHNOFAST Industries took out the Innovative Australian Product of the Year award for its high temperature hydraulic nuts (HTHN).
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High temperature hydraulic nut technology has been successfully commercialised internationally by a number The nuts allow the efficiency and accuracy of hydraulic tensioning to be utilised in harsh and demanding environments previously considered to be unsuitable for permanently fixed hydraulic tensioners.
High temperature hydraulic nut technology has been successfully commercialised internationally by a number of industries with Technofast concentrating on the nuclear and gas turbine generating industries. The technology is said to be vastly superior in speed, accuracy and operator safety in relation to existing heat elongation methods of tensioning; what in the past could take days to accurately tension the company claims can be completed within hours.
Hydraulic tensioning has been used previously in industry because of its accuracy and efficiency; however the range of applications has been restricted because of the suitability of seal materials. According to the manufacturers, the HTHN’s metal seals have dramatically expanded the range of industrial applications for hydraulic tensioning.
HTHNs have been marketed to nuclear utilities in the US and elsewhere applications for the technology have been adopted by industries including mining, oil and gas, materials handling and process engineering.
| Judges Comments: The technology has applications throughout industry and is truly an innovative Australian designed and made product. |
FEN PROGRESS AWARDS WINNER 2005
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Pneumatics, Hydraulics, & Compressors - Awarded for the
HI-Temperature Hydraulic Nut
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TELSTRA SMALL BUSINESS AWARD - MYOB Business Award (5 to 20 employees)
Technofast Industries Pty Ltd
Technofast Industries designs and manufactures specialist bolting products and systems for various industries including power generation, offshore oil, gas, petrochemical, mining and steel. The patented bolting technologies and products have resulted in business agreements with manufacturers such as Westinghouse, Siemens and Mitsubishi and product distribution in Australia, Singapore, the USA, South Korea and Europe.
2004 GLOBAL PLATT’S ENERGY AWARD
Award For Commercial Technology Of The Year
| The high temperature Hydraulic Nuts from Technofast Industries, was awarded the highest honour for Commercial Technology of the Year at McGraw-Hill’s Platt’s 2004 Global Energy Awards. |
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Judging experts are quoted to have said: “Combining true technical innovation with hard commercial worth is a tough trick to pull off. Technofast Industries has come up with the rare exception: a truly new piece of technology that everyone seems to want to buy.”
Maintenance in the Nuclear facilities is being revolutionised by the Hydraulic Nut and its Hi-Temperature Application.
Complex bolting procedures are being completed in hours instead of days saving millions of dollars in downtime, and dramatically reducing the exposure time of workers to ionising radiation.
Revolutionizing maintenance in nuclear facilities, permitting completion of complex bolting operations in hours rather than days, saving millions of dollars in downtime, and drastically cutting workers’ exposure to dangerous ionizing radiation.
The Hydraulic Nut is the state-of-the-art for critical bolting applications gaining wide acceptance in commercial nuclear facilities nationwide.
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