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Eastman Chemical Company Donates Innovative Coating Technology To Eastern Michigan University
KINGSPORT, Tenn. and YPSILANTI, Mich., Oct. 29 -- Furthering its commitment to the advancement of higher education, Eastman Chemical Company today announced its donation of intellectual property covering thermosetting coating compositions to Eastern Michigan University's (EMU) Coating Research Institute. EMU will further develop the technology for commercial application. The patents included in the donation were valued using the Patent & License Exchange, Inc.'s (pl-x) highly acclaimed TRRU® metrics valuation tools. The estimated value of the technology was not disclosed.
The donation package consists of 12 U. S. patents. They cover coatings based on phenol-functional resins that are environmentally friendly and are resistant to weather and stress-related deterioration including chips, nicks, bumps and scratches. Expected to be mechanically superior to existing coatings, the new technology is also corrosion resistant and more flexible than existing products. Potential applications include automotive, appliance, metal office furniture, coil and ``general metal'' coatings. ``One of Eastman's core competencies is in the coatings industry,'' said Dr. William Heise, licensing director at Eastman Chemical Company. ``We donated this technology to EMU because, while it did not meet the company's current strategic goals, we felt that with its unique properties, it deserved further development and commercialization, thereby creating value for EMU by complementing their existing licensing program.'' ``This generous donation from Eastman Chemical not only provides our students with the opportunity to study the latest in coating technology,'' stated Dr. Frank Jones, professor and director of the National Science Foundation Industry/University Cooperative Research Center in Coatings. ``It also provides potential for an additional revenue stream to support this important university program.'' EMU will bundle this technology with similar patents donated from ExxonMobil Corporation in 2000 and make it available for purchase or licensing agreements. Founded in 1985 to develop industrial polymers and paints, the CRI works in partnership with organizations like Eastman Chemical Company to the give the university's students hands-on R&D experience. Current research projects include coatings for automotive plastics, solvent-less liquid coatings, specially tailored latex polymers, coatings based on renewable resources and the physics of coating surfaces. ``We were pleased Eastman Chemical Company chose to use TRRU metrics to establish the value of this donation package. There is no more efficient nor cost-effective way to compute market-driven value indications for intellectual property assets,'' said Dr. Alexander Arrow, executive vice president and managing director of TRRU metrics at pl-x. ``This is an example of one of the many ways companies can use pl-x tools to monetize their intellectual property.'' The calculated indications of value produced by TRRU metrics, based on the Noble Prize-winning Black-Scholes options pricing formula together with live market data and the user's own inputs, help companies make strategic resource allocation decisions for technology investments. It has also become a key aid when organizations seek to monetize their IP. TRRU metrics has already helped companies monetize assets valued at more than $1.7 billion through licensing, debt and equity capital creation, donations and patent enforcement transactions. TRRU metrics provides a practical means to measure the daily value, volatility and risk associated with technologies and investments in specific niche markets. About Eastman Chemical Company Eastman, with headquarters in Kingsport, manufactures and markets chemicals, fibers and plastics. It has approximately 16,500 employees in 30 countries and had 2000 sales of $5.3 billion. About Eastern Michigan University Eastern Michigan University (www.emich.edu) is a comprehensive metropolitan university committed to the needs of its students and communities through teaching, research and service. EMU offers more than 200 programs in the arts, sciences and professionals through traditional classroom settings, on-site continuing education classes and on-line courses. EMU is the fifth largest university in Michigan, serving 24,000 students from around the world and offers undergraduate, graduate, specialist, doctoral and certificate programs. About The Patent & License Exchange, Inc. The Patent & License Exchange, founded in 1999, is the leading provider of financially oriented IP valuation, marketing and monetization products. The company's product lines include the pl-x global exchange, the TRRU® metrics valuation system, TRRU® professional metrics, a private, interactive IP marketplace solution (IPES) and transaction assurance tools. pl-x is also the leading publisher of financial IP data, which appears published regularly in Derwent's IP Matters, The Daily Deal, Law.com, and in the Technology Access Report. For more information on The Patent & License Exchange, Inc, call 888-465-0690 or visit the company's website at www.pl-x.com.
Dayton Superior Reports Second Quarter Results DAYTON, Ohio---Aug. 15, 2002--Dayton Superior today reported a 4.1% decline in sales for the second quarter of 2002 as compared to the second quarter of 2001. Sales totaled $106.5 million in the most recent quarter versus sales of $111.1 million reported in the year earlier period. Sales declined as the economic slowdown adversely impacted construction activity in the quarter. Employees at BASF's Geismar Site Set a New Safety RecordGEISMAR, La., Aug. 16 -- Employees at the BASF site here have established a BASF Corporation safety record by working 12 million hours without experiencing a day-away-from- work case. To achieve this, the 1,100 BASF employees at the site have worked since December 1997 without an accident requiring a day away from work. Cognis Signs Exclusive Licensing Agreement with Natural ASA for Tonalin CLADUSSELDORF, Germany-- Aug. 15, 2002--Cognis, a global specialty chemicals and nutritional ingredients company, and Natural ASA, a Norwegian research and development company, announced today that they have signed an agreement effective Sept. 1, 2002 which grants Cognis an exclusive license in the Key Markets, under Natural's Conjugated Linoleic Acid (CLA) intellectual property, technology, and know-how, and an exclusive license for the use of the Tonalin(R) trademark. ChevronTexaco and Invensys sign marketing agreement for PETRO Refinery Planning SystemFOXBORO, Massachusetts (August 16, 2002) - A unit of ChevronTexaco has signed an agreement with Invensys Production Management, a resource productivity company, designed to provide Invensys with global marketing rights for the PETRO Linear Programming (LP) refinery planning system. Georgia Gulf to Announce Third Quarter Earnings ExpectationsATLANTA, Aug. 19 -- Georgia Gulf plans to release third quarter earnings expectations on Monday, September 23, 2002, following close of market. The company will discuss third quarter expectations via teleconference and Webcast on Tuesday, September 24, 2002, at 9:00 AM EDT. Praxair Announces Joint Venture With Belgian Manufacturer of Steelmaking EquipmentDANBURY, Conn.-- Aug. 16, 2002--Praxair, Inc. today announced that it has formed a joint venture in Belgium to manufacture steel-refining equipment. Eurotech, Ltd. Plans Management ChangeFAIRFAX, Va. --Aug. 19, 2002--Eurotech, Ltd., www.eurotechltd.com, today announced that late in the day on Friday, August 16, 2002, Todd J. Broms, a Director and the President and Chief Executive Officer, notified the Company of his intention to resign all three positions. CIDX, GPA join forces to promote XML StandardsALEXANDRIA, Virginia (August 20, 2002) - The Chemical Industry Data Exchange (CIDX) and Gas Processors Association (GPA) have formed an agreement to collaborate on the adoption of XML-based standards within the gas processing industry and implementation of the Chem eStandards to facilitate electronic trade within and between the gas processing and chemical industries. Cap Gemini Ernst & Young introduces Quick ConnectPHILADELPHIA, Pennsylvania (October 22, 2001) – Cap Gemini Ernst & Young has launched Quick Connect, a packaged solution designed to allow buyers, suppliers and trading partners to leverage digital commerce. Cap Gemini Ernst & Young launched its product at the Elemica Global Conference 2001. Argonaut Announces Expansion of Senior Management TeamFOSTER CITY, Calif.-- Oct. 22, 2001-- Argonaut Technologies, Inc. today announced the promotion of Lissa Goldenstein to president and chief executive officer and the addition of Michael Moore to its management team, as senior vice president and chief operating officer. David Binkley, Ph.D. will remain chairman of the board of directors. Vulcan Announces Record Third QuarterBIRMINGHAM, Ala. --Oct. 22, 2001--Vulcan Materials Company today announced record third quarter 2001 sales, net earnings and earnings per share. For the quarter, net sales were $766.0 million, up 12 percent from last year's $681.2 million, and net earnings of $92.2 million, or $0.90 per share (diluted), were 7 percent higher than the $86.0 million, or $0.84 per share, achieved in the third quarter of 2000. AspenTech establishes Technology Advisory BoardCAMBRIDGE, Massachusetts (October 23, 2001) - Aspen Technology (aspentech.com) has established a Technology Advisory Board (TAB) to help provide strategic direction for the company’s long-term software development. According to AspenTech, the 13-member TAB will ensure the company’s software continues to utilize technical solutions to generate value for process industry customers. CheMatch and ForwardVue Technologies form strategic marketing agreementHOUSTON (October 22, 2001) – CheMatch.com (CheMatch.com), an Internet-based marketplace and information resource for buying and selling commodity chemicals, polymers, feedstocks and fuel products, and ForwardVue Technologies (forwardvue.com), a developer of supply chain risk management software solutions, have formed an agreement to co-market ForwardVue products to the chemical industry. Symyx Technologies Announces Grant of Patent for Parallel Pressure ReactorSANTA CLARA, Calif. --Oct. 24, 2001--Symyx Technologies, Inc. today announced the granting of a U.S. patent covering Symyx' Parallel Pressure Reactor, or PPR. Symyx uses the PPR for various research activities, such as polymer research, in its Industry Collaborations and internally funded programs. In addition, the PPR is an integral part of Symyx' Discovery Tools business through which it has been sold as a part of a polyolefins research workflow to Dow Chemical, ExxonMobil, Sumitomo Chemical and others. Symyx also earns royalties from the sale of the Endeavor, a product licensed to Argonaut Technologies, Inc. based on the Symyx PPR technology. DuPont Reports Fourth Quarter DividendWILMINGTON, Del., Oct. 24 – DuPont today declared a fourth quarter common stock dividend of 35 cents per share, payable Dec. 14 to stockholders of record Nov. 15. This dividend is the same as that paid in the third quarter 2001. This is the 389th consecutive quarterly dividend since the company's first dividend in the fourth quarter of 1904. Borouge prepares for start up of Polyethylene Plant in RuwaisABU DHABI (October 25, 2001) - Borouge, a joint venture company between Abu Dhabi National Oil Company (ADNOC) and Borealis, one of Europe’s largest polyolefin producers, is gearing up for the official operations of its polyethylene plant in Ruwais which has been scheduled for the end of the year. Dow Reports Third Quarter EarningsMIDLAND, Mich., Oct. 25 -- Dow Reports Third Quarter Earnings ChemConnect unveils new e-commerce negotiation tools and servicesDUSSELDORF, Germany (October 25, 2001) – ChemConnect (chemconnect.com), a provider of end-to-end e-commerce solution for buyers and sellers of chemicals and plastics, has revealed a range of online negotiation tools and services on its Exchange Floor. Moldflow Reports First Fiscal Quarter 2002 ResultsWAYLAND, Mass--Oct. 24, 2001--Moldflow Corporation, the world leader in process wide solutions for optimizing the design and manufacture of plastic products, today reports results for its first fiscal quarter ended September 29, 2001. Revenue of $8.2 million for the first quarter of fiscal 2002 was down 7% from the corresponding quarter of fiscal 2001. ATG Announces the Appointment of Frank Chiu as CFOHayward, Calif.--Oct. 24, 2001--ATG, Inc., a leading multi-technology Radioactive Waste and Radioactive Mixed Waste treatment services, today announced a change in roles and responsibilities in its management structure. In a five to zero Board decision, the Company accepted the departure of its Vice President of Finance/Chief Financial Officer, Phillip Jordan, who has been with the Company since June 25, 2001.
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