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Posted: March 10, 2009
A. Schulman in Deal With nanoSEC To Develop and Market Nanotechnology-Enhanced Polymer Products
(Nanowerk News) A. Schulman, Inc. and nanoScience Engineering Corporation (nanoSEC) announced today that they have entered into a joint development agreement for the purpose of incorporating nanoSEC's nanocomposites in various polymer products produced by A. Schulman.
"We are excited by this opportunity to partner with one of the most innovative developers of advanced nanomaterials," said Paul Boulier, Vice President and Chief Marketing Officer of A. Schulman. "The agreement combines nanoSEC's proprietary technologies with A. Schulman's expertise in the formulation and production of plastic compounds, which will allow us to develop new products to serve a wide range of customer needs. We expect this partnership to accelerate the development of advanced, high-performance materials through our innovation pipeline." A. Schulman's technical teams in Europe and the Americas are currently assessing nanotechnology-based products for use in durable goods used in hand tools and transportation applications as well as high-performance agricultural and packaging films.
David Burnett, President of nanoScience Engineering Corporation, stated, "The management group at nanoSEC is very excited about demonstrating the capabilities of nanocomposites developed through our proprietary technology. Further, we are confident that a combination of the technology and the products supplied by A. Schulman will deliver a superior product and improved value to the marketplace."
The agreement enables A. Schulman and nanoSEC to develop new products and applications for nanocomposites, which are created by introducing very narrow (nano) particles into a matrix of standard material such as a polymer, resulting in dramatic improvements in selected properties. nanoSEC's technology is specifically designed to improve barrier properties, increase strength, and improve heat and flame resistance of polymers.
About A. Schulman, Inc.
Headquartered in Akron, Ohio, A. Schulman is a leading international supplier of high-performance plastic compounds and resins. These materials are used in a variety of consumer, industrial, automotive and packaging applications. The Company employs about 2,200 people and has 16 manufacturing facilities in North America and Europe (including Asia). Revenues for the fiscal year ended August 31, 2008, were $1.98 billion. Additional information about A. Schulman can be found at www.aschulman.com.
About nanoScience Engineering Corporation
nanoScience Engineering Corporation was formed in 2004 from a research collaboration between a group of internationally renowned professors and scientists at Wayne State University in Detroit and seasoned executives with expertise in the materials and automotive industries. The company and university maintain a joint research partnership. nanoSEC's mission is to manufacture world-class advanced nano-scale fillers for enhancing the physical properties of nanocomposites to achieve superior performance results at less overall cost. nanoSEC has its headquarters in West Bloomfield, Michigan, and a laboratory nearing completion in Westland, Michigan.