Last checked at 3 Jun 2015 07:00
3 June 2015
Revolymer plc ("Revolymer" or "the Company")
Revolymer signs global licence to its encapsulation technology with Solvay in the field of Sodium Percarbonate (SPC) for liquid product formulations
Revolymer, the polymer technology company, is pleased to announce that it has signed a further licence in its Consumer Specialties business area with the international chemicals group Solvay. Under the terms of the deal, Solvay has exclusive rights to apply Revolymer's encapsulation technology to the bleaching active ingredient Sodium percarbonate, known as SPC and commercialised currently by Solvay under the trademark Oxyper®, in the field of liquid formulations of laundry and automatic dish washing. Accordingly it is intended that, after final qualification, the encapsulated SPC will have improved stability enabling expansion of its application into liquid product formulations which currently do not contain such active ingredients. The geographic territory of the licence is global.
"Solvay's strategy of improving product performance for its customers is closely aligned to Revolymer's own business plan, and, with Solvay's global reach, it is the ideal partner for Revolymer to commercialise its technology in the field of SPC products for liquid laundry and automatic dish wash. We are excited to have closed another significant global deal applying our proprietary technology with Solvay." said Dr. Kevin Matthews, CEO of Revolymer.
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For further information please contact:
Revolymer plc | +44 (0) 1244 283 500 |
Kevin Matthews / Rob Cridland |
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Panmure Gordon (UK) Limited | +44 (0) 20 7886 2500 |
Hugh Morgan / Adam James (Corporate Finance) Charles Leigh-Pemberton (Corporate Broking) |
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About Revolymer
Revolymer is an AIM quoted company (registered number 08024489) that designs, develops and formulates novel polymers to improve the performance of its customers' and partners' products. The vision for Revolymer is to build a high growth, high quality margin, specialty materials business based on proprietary polymer technology that provides responsive or smart multi-functional materials. The Board of Revolymer believes that the Company's technology has broad application. Revolymer aims to generate growing high quality revenue streams by either licensing its proprietary technologies or through the supply of proprietary products using an outsourced manufacturing model. Current target markets are Household Products, Personal Care and Nicotine Gum.
www.revolymer.com
About Solvay
As an international chemical group, Solvay assists industries in finding and implementing ever more responsible and value-creating solutions. Solvay generates 90% of its net sales in activities where it is among the world's top three players. It serves many markets, varying from energy and the environment to automotive and aeronautics or electricity and electronics, with one goal: to raise the performance of its clients and improve society's quality of life. The group is headquartered in Brussels, employs about 26,000 people in 52 countries and generated 10.2 billion Euros in net sales in 2014. Solvay SA (SOLB.BE) is listed on EURONEXT Brussels and EURONEXT Paris (Bloomberg: SOLB:BB - Reuters: SOLB.BR).
www.solvay.com
The Global Sodium Percarbonate Market and Potential in Liquid Formulations - a summary of the global sodium percarbonate market, as referenced to independent third party sources, is available on Revolymer's website, www.revolymer.com, in the Investor Relations section under Reports & Documents, Other.