Message #2 From:
NewsBot Date: July 11, 2006 05:00:00 AM
DOW News Dow Introduces New Olefin Block Copolymer Using Symyx-Discovered Catalyst Family
SANTA CLARA, Calif.--(BUSINESS WIRE)--July 11, 2006--Symyx Technologies, Inc. (NASDAQ:SMMX) announced today that The Dow Chemical Company (NYSE:DOW) recently introduced a major new materials innovation, INFUSE(TM) Olefin Block Copolymers, a new olefin-based elastomer with superior property performance compared with competitive materials. These polymers are currently being developed using a novel three-part catalyst system that includes a catalyst discovered during a collaboration between Symyx and Dow. Symyx expects to receive royalties from the sale of INFUSE products.
INFUSE is the second Dow product to use a catalyst discovered under a research collaboration between Dow and Symyx. The first was Dow's VERSIFY(TM) Plastomers and Elastomers, a new family of specialty propylene-ethylene copolymers, which was commercialized in September, 2004.
According to Dow, INFUSE features a unique block architecture that allows unprecedented control of the polymer chain which results in resins with high flexibility at varying temperatures, faster set-up time, greater elastic recovery, strong compression set performance and improved abrasion resistance. Applications may include elastic films, flexible molded goods, adhesives and foams in a diverse range of industries.
Further information regarding INFUSE is available at www.dow.com/infuse, and the Dow press release regarding the introduction of INFUSE is available on Dow's website under Product and Business news.
About The Dow Chemical Company
Dow is a diversified chemical company that harnesses the power of science and technology to improve living daily. The Company offers a broad range of innovative products and services to customers in more than 175 countries, helping them to provide everything from fresh water, food and pharmaceuticals to paints, packaging and personal care products. Built on a commitment to its principles of sustainability, Dow has annual sales of $46 billion and employs 42,000 people worldwide. References to "Dow" mean The Dow Chemical Company and its consolidated subsidiaries unless otherwise expressly noted.
TM -- Trademarks of The Dow Chemical Company
About Symyx
Symyx Technologies, Inc. is dedicated to helping customers transform their R&D productivity. Symyx develops and applies high-throughput research technologies and research software for customers in the chemical, energy, pharmaceutical, electronics and other industries. Symyx performs research for customers using proprietary technologies to discover new and innovative materials, sells automated high-throughput instrumentation and licenses software for use in customers' own laboratories, and licenses discovered materials, sensors and intellectual property. Symyx has the largest portfolio of patents in the field of high-throughput materials discovery, with over 300 issued patents and over 380 patent applications on file worldwide. Information about Symyx, including reports and other information filed by Symyx with the Securities and Exchange Commission, is available at www.symyx.com.
The statements contained in this release that are not purely historical are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, including, without limitation, statements regarding the superior property performance of Dow's INFUSE Olefin Block Copolymers compared with competitive materials and Symyx's expectation that it will receive royalties from the sale of INFUSE products. These forward-looking statements involve risks, uncertainties and assumptions, including: (1) uncertainties of patent protection and litigation; (2) the impact of acquisitions, mergers or other changes in corporate structure; (3) general economic conditions in the United States and in major European and Asian markets; (4) exposure to risks associated with export sales and operations; (5) natural disasters, power failures and other disasters; and (6) and other risks that are described from time to time in Symyx's filings with the Securities and Exchange Commission, (including but not limited to Symyx's annual report on Form 10-K for the year ended December 31, 2005 and on Form 10-Q for the quarter ended March 31, 2006). If any of these risks or uncertainties materializes or any of the assumptions proves incorrect, Symyx's results could differ materially from Symyx's expectations in these statements. Symyx assumes no obligation, and does not intend to update these forward-looking statements.
