Hypertherm News

Hypertherm, a U.S. based manufacturer of plasma, laser and waterjet cutting systems, has announced the transfer of all its common stock into an Employee Stock Ownership Plan (ESOP), making the company 100 percent employee owned under an S-Corporation structure. Previously, Hypertherm’s ESOP, known internally as the Hypertherm Stock Ownership Plan or HSOP, held approximately one-third of the company’s stock. Controlling shareholders Dick and Barbara Couch created the plan in 2001, followed by a Global Stock Value Program (GSVP) for international associates in 2004.

Hypertherm, provider of plasma metal cutting technology, is unveiling the Powermax45®, a portable ½” plasma cutting and gouging system. The Powermax45 is a single-gas system (air and nitrogen) designed for both hand-held and mechanized applications. With a recommended ½” cut capacity, and one inch severance, the 37-pound system is ideal for cutting and gouging applications in many industries including HVAC duct cutting, truck and trailer fabrication, as well as facility and equipment maintenance of all types, including manufacturing and agricultural.

When usability, reliability and durability are important for ship repair and maintenance applications, Arcon's Workhorse Stick/TIG welding machine is a strong solution. Designed for shipyard use, the machine employs electrical and mechanical technology proven reliable in over 100,000 machines sold and used worldwide. The Seahorse option protects against corrosive salt-water residue and proved effective in extensive use on oil rigs in the North Sea. Components are dipped and even encapsulated to resist harmful elements. From Bug-O Systems comes the Light'n Bug multipurpose burning and welding travel carriage that runs at precise speeds from four to 85 (IPM). This lightweight machine can produce high quality cuts and bevels, and uniform welds.