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Nexam Chemical sign collaboration agreement with DIAB regarding NEXAMITE® for PET-foam

2015-12-11

Nexam Chemical has signed a collaboration agreement with DIAB regarding development of a unique high-performance PET-foam containing Nexam Chemical´s NEXAMITE®-technology. The mutual ambition for the collaboration, starting in 2016, is to sign a long-term supply agreement. DIAB is one of the five largest manufacturers of high-performance foam in the world.

"We in DIAB, as a leading producer of high-performance foam, is pleased to establish this collaboration. Nexam Chemical´s technology, together with our solid expertise in foam production, creates opportunities for a new generation of foam on the, for us, very interesting market”, says DIABs CTO, Magdalena Sandström.

DIAB is a global company that develops, manufactures and sells core materials for composite structures, including pleasure boats, blades for wine turbines and components for aircraft, trains, industrial applications and buildings. Core materials - which has a unique combination of characteristics such as low weight, high strength, insulation properties and chemical resistance - are used for constructions in several different market segments.

“The NEXAMITE®-technology is effective and delivers significant improvements to the properties of PET-foams. The growing market for PET-foams are an important area for Nexam Chemical, and with our technology there is opportunities to also improve other types of foam. We look forward to our collaboration with DIAB”, says Nexam Chemicals CEO Anders Spetz.

Note: This press release has been translated from Swedish. The Swedish text shall govern for all purposes and prevail in case of any discrepancy with the English version.

For further information please contact:

Anders Spetz, CEO, +46-703 47 97 00, anders.spetz@nexamchemical.com

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About Nexam Chemical

Nexam Chemical develops technology and products that make it possible to significantly improve the production process and properties of most types of plastics in a cost-effective manner and with retained production technology. The improved properties include strength, toughness, temperature and chemical resistance as well as service life. The improvements in properties that can be achieved by using Nexam Chemical's technology make it possible to replace metals and other heavier or more expensive materials with plastics in a number of applications. In applications where plastic is already used, Nexam Chemicals products can improve the manufacturing process, reducing material use and enable more environmental friendly alternatives. Example of commercial applications: pipe manufacturing, foam production and high-performance plastics. More information about the business will be found on www.nexamchemical.com. The company´s Certified Adviser is Remium Nordic AB.

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