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Nexam Chemical receives order on NEXAMITE® from DIAB

2016-03-30

Nexam Chemical has received an initial order on NEXAMITE® intended for industrial production of PET-foam. The order value amounts to SEK 200 000 and the products are expected to be delivered during the second quarter of 2016. DIAB is one of the five largest manufacturers of high-performance foam in the world.

Nexam Chemical and DIAB, in December 2015, signed a cooperation agreement with the aim of developing a unique high-performance foam containing NEXAMITE®-technology. The mutual ambition for the collaboration is to sign a long-term supply agreement. Nexam Chemical has now received its first order for industrial production of PET-foam.

“Our collaboration with DIAB has developed well with the outcome of receiving a first order. Even if the order value is small, it once again shows that our NEXAMITE®-technology provides major enhancements in PET-foam. This will allow for a whole new generation of PET-foam on the market. The market for PET-foams experiences strong growth since more products in new application areas are manufactured in composites instead of metal. Products with PET-foam has in many applications strong competitive advantages, not at least on the basis of weight and performance. We are now intensifying our close cooperation with DIAB”, says Nexam Chemicals CEO Anders Spetz.

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.

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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