Last checked at 1 Sep 2015 07:03
1st September 2015
Revolymer plc ("Revolymer" or "the Company")
Revolymer signs licence to its encapsulation technology with OCI Alabama LLC in the field of solid sodium percarbonate-based products
Revolymer is pleased to announce that it has signed a further licence in its Consumer Specialties business area with OCI Alabama LLC, representing the US-headquartered international chemicals group OCI Chemical Corporation ("OCI").
Under the terms of the deal, OCI has rights to apply Revolymer's encapsulation technology to its sodium percarbonate ("SPC") based bleaching active ingredients, commercialised currently by OCI under the Provox C and Provox Ultra (which includes an activator) trademark families, in the field of powder and other solid formulations of laundry, automatic dish wash and other cleaning agents. It is intended that the resultant formulations of SPC will be more stable than existing Provox C and Provox Ultra formats marketed by OCI, thereby expanding OCI's market for these products. The geographic territory of the Provox C-based licence is global except for the European Union. The geographic territory of the Provox Ultra-based licence is global. As consideration for these licences, OCI will make royalty payments to Revolymer on net sales of licensed products incorporating Revolymer technology.
Dr. Kevin Matthews, CEO of Revolymer, commented: "We are excited to have closed another significant global deal applying our proprietary technology to OCI's sodium percarbonate-based products. This transaction further confirms the utility of Revolymer's encapsulation technology in stabilising bleaching actives."
"Revolymer has been able to apply its technology to improving our existing SPC products, and we look forward to a mutually rewarding relationship through the signing of this licence." said Scott Schreiber, General Manager, Peroxygens, OCI Alabama LLC.
Ends
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) whose vision is to be a specialty chemicals business, leading in the development of controlled and responsive release or delivery systems that improve the functional performance of its customers' products. It aims to use its expertise in the design and synthesis of polymers, often in combination with other materials, to manage the interface between different surfaces and phases to solve customers' problems, thereby generating high margin business.
www.revolymer.com
About OCI
Founded in 1996, OCI Chemical Corporation's primary businesses include the production of soda ash, sodium percarbonate, and hydrogen peroxide. It is one of the world's largest producers of natural soda ash and it has been providing high quality products to companies across North America and around the globe since 1962. In 2001, the company began manufacturing the highly effective oxygen based bleach sodium percarbonate at its facility in Decatur, AL. In 2006, OCI Chemical and Eka Chemicals Inc. entered into a joint venture to manufacture and sell hydrogen peroxide from its Columbus, MS plant, forming EkO Peroxide LLC.