Global licence signed with Solvay

RNS Number : 5429S

Revolymer PLC

25 September 2014

 



25^th September 2014

Revolymer plc ("Revolymer" or "the Company")

Revolymer signs global licence to its encapsulation technology with Solvay in the field of PAP products

Revolymer, the British polymer technology company, is delighted to announce that it has signed the first licence in its prioritised 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 its proprietary cleaning and disinfecting active ingredient 6-phthalimido-peroxyhexanoic acid, known as PAP and commercialised currently by Solvay under the trade mark Eureco^(TM). It is intended that the resultant formulations of PAP will be more stable than existing PAP formats marketed by Solvay, thereby expanding the market for this active into a broad range of fields including cleaning, disinfection and deodorisation in both solid, gel and liquid product formats. The geographic territory of the licence is global, and Solvay intends to target industry segments including laundry detergents and additives and dish wash agents, in the consumer, domestic, industrial and institutional markets. Veterinary, pharmaceutical and other health care applications are also included in the deal. As consideration for the licence, Solvay will make royalty payments to Revolymer on net sales of PAP products incorporating Revolymer technology.

"We are excited to have closed this significant global deal applying our proprietary technology to Solvay's PAP active ingredient. 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 PAP products across broad industries and geographies" said Robin Cridland, Acting CEO of Revolymer.

Ends

For further information please contact:

Revolymer plc	[phone]
Rob Cridland
Panmure Gordon (UK) Limited	[phone]
Hugh Morgan / Adam James (Corporate Finance) Charles Leigh-Pemberton (Corporate Broking)
Citigate Dewe Rogerson	[phone]
David Dible / Malcolm Robertson

About Revolymer

Revolymer is a technology company that designs, develops and formulates novel polymers to improve the performance of existing consumer products within the FMCG and other industrial markets. Revolymer's strategy is to generate significant and growing revenue streams by licensing its unique and proprietary technologies to manufacturers and marketers within these global high value markets. Current applications for the Company's technologies are in the household products, personal care and coatings & adhesives markets (together "Consumer Specialties") and the medicated chewing gum and confectionery chewing gum (together "Gum") markets.

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 29,400 people in 56 countries and generated 9.9 billion Euros in net sales in 2013.

www.solvay.com

 

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