Caterpillar Inc. Acquires Axenox Inc. Intellectual Property
Caterpillar Inc. announces the company has entered into an agreement with construction solutions supplier, Axenox Inc., to acquire the intellectual properties of two of the company’s asphalt paving screed products. Under the agreement, Oxclaw® textured screed plates and Bullox® modular screed plate system will be available options exclusively for Cat® asphalt paving customers.
Oxclaw’s three-dimensional textured screed provides lateral compaction confinement to asphalt material, as described in the “Patterned Screed Plate, Smooth Mat” article in the March/April 2021 issue. Screed cast plates are made with high strength chromium carbide, delivering high wear resistance. A new way to secure the plate to the screed, the Bullox system reduces screed plate change time up 80%, according to the manufacturer.
The Axenox® screed system will be exclusively available for Cat customers and supported by the extensive Cat dealer network.