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Home > News > A. Schulman enters into development pact with nanoScience Engineering

March 10th, 2009

A. Schulman enters into development pact with nanoScience Engineering

Abstract:
Plastic resins producer A. Schulman Inc. (Nasdaq: SHLM) said it has entered into a joint development agreement with nanoScience Engineering Corp. of West Bloomfield, Mich., to incorporate nanoScience's nanocomposites in various polymer products made by A. Schulman.

"We are excited by this opportunity to partner with one of the most innovative developers of advanced nanomaterials," said Paul Boulier, vice president and chief marketing officer of A. Schulman. "The agreement combines nanoSEC's proprietary technologies with A. Schulman's expertise in the formulation and production of plastic compounds, which will allow us to develop new products to serve a wide range of customer needs."

The agreement enables A. Schulman and nanoScience to develop new products and uses for nanocomposites, which are created by introducing very narrow (nano) particles into a matrix of standard material such as a polymer, resulting in dramatic improvements in selected properties. A. Schulman said nanoScience's technology specifically is designed to improve barrier properties, increase strength, and improve heat and flame resistance of polymers.

Source:
crainscleveland.com

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