Basel, Switzerland – Huntsman Advanced Materials, a division of Huntsman Corporation (NYSE: HUN), today announced it was awarded the JEC Award for innovative materials at the JEC Show in Paris, France. Huntsman received the award for the innovative use of its composites in fuel cell applications developed in cooperation with its US-based customer GrafTech International.
This latest development from Huntsman’s Advanced Materials division ─ bipolar plates made from graphite composite materials manufactured using a Huntsman epoxy resin ─ is in line with other award winning Huntsman solutions and offers important advantages to those developing the next generation of fuel cells:
- High temperature resistant resin systems for automotive and stationary power applications, because fuel cells operate at higher temperatures to improve efficiency;
- Strong chemical resistance to avoid degrading in the presence of electrolytes such as glycols or concentrated phosphoric acid;
- Low leachable ionic levels in the resin systems to avoid damage to the fuel cell; and
- An acetone based system to facilitate high volume graphite composite manufacturing.
André Genton, President of Huntsman’s Advanced Materials division, commented: “At Huntsman, our commitment to innovation provides a rich pipeline of new products and applications. We are especially pleased when our innovative chemistry provides solutions to address the issues that affect us all, such as the global need for more efficient and effective fuel cells.”
In December 2008, another solution from Huntsman Advanced Materials was awarded the Gold Innovation
Award at the Euromold Show. The award was won for Huntsman’s new Araldite® Digitalis machine, which is a new rapid manufacturing machine capable of producing large numbers of parts simultaneously at rapid speed and with high accuracy.
Huntsman is a global manufacturer and marketer of differentiated chemicals. Its operating companies manufacture products for a variety of global industries, including chemicals, plastics, automotive, aviation, textiles, footwear, paints and coatings, construction, technology, agriculture, health care, detergent, personal care, furniture, appliances and packaging. Originally known for pioneering innovations in packaging and, later, for rapid and integrated growth in petrochemicals, Huntsman today has more than 12,000 employees and operates from multiple locations worldwide. The Company had 2008 revenues exceeding US$10 billion. For more information about Huntsman, please visit the Company’s website at www.huntsman.com.
Statements in this release that are not historical are forward-looking statements. These statements are based on management’s current beliefs and expectations. The forward-looking statements in this release are subject to uncertainty and changes in circumstances and involve risks and uncertainties that may affect the company’s operations, markets, products, services, prices and other factors as discussed in the Huntsman companies’ filings with the U.S. Securities and Exchange Commission. Significant risks and uncertainties may relate to, but are not limited to, financial, economic, competitive, environmental, political, legal, regulatory and technological factors. In addition, the completion of any transactions described in this release is subject to a number of uncertainties and closing will be subject to approvals and other customary conditions. Accordingly, there can be no assurance that such transactions will be completed or that the company’s expectations will be realized. The company assumes no obligation to provide revisions to any forward-looking statements should circumstances change, exc
ept as otherwise required by applicable laws.
Magnus Wied, tel.: +41 61 966 4157
Kurt Ogden, tel: +1 801 584 5959