CLEVELAND – December 11, 2018 – PolyOne today announced an agreement with Cooper-Standard Holdings Inc. to license its high-performance elastomeric material, Fortrex™. This technology consists of a cross-linked, olefinic-based elastomer with lighter weight, improved heat resistance, and easier processing versus that of certain conventional TPVs, silicones, and thermoset rubbers.
Through this license agreement, Fortrex will serve as a boost to PolyOne’s specialty engineered materials elastomer portfolio. The material delivers elevated performance – including long term aging, chemical resistance and low compression set – to numerous markets for a broad range of applications. Products typically made from high-performance materials such as silicone or other thermosets can now reap the benefits of heat and chemical resistance with ambient temperature curing.
“This new relationship is exciting because it allows us to accelerate development of an important material family and bring new solutions to our customers,” said Chris Pederson, president, Specialty Engineered Materials at PolyOne. “Access to this technology enables our customers to tap a leading-edge option for demanding applications. And with fewer processing steps leading to lower production costs, it’s a win-win.”
As a result of the license agreement, PolyOne will be able to leverage its formulation expertise to develop new products based on Fortrex technology.
# # #
PolyOne Corporation, with 2017 revenues of $3.2 billion, is a premier provider of specialized polymer materials, services and solutions. The company is dedicated to serving customers in diverse industries around the globe by creating value through collaboration, innovation and an unwavering commitment to excellence. Guided by its Core Values, Sustainability Promise and No Surprises PledgeSM, PolyOne is an ACC Responsible Care® certified company committed to its customers, employees, communities and shareholders through ethical, sustainable and fiscally responsible principles. For more information, visit www.polyone.com.
EDITORS: For a high-resolution image, please click here: Licensing Fortrex™ technology from Cooper Standard
PHOTO CAPTION: Licensing Fortrex™ technology from Cooper Standard enables PolyOne to deliver elevated performance to numerous markets for a broad range of applications.
To access PolyOne’s news library online, please go to www.polyone.com/news
Senior Manager, Marketing Communications
# # #