- Release Date: 22/04/15 09:35
- Summary: GENERAL: NPX: Nuplex Launches New Technology
- Price Sensitive: No
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NPX 22/04/2015 09:35 GENERAL NOT PRICE SENSITIVE REL: 0935 HRS Nuplex Industries Limited GENERAL: NPX: Nuplex Launches New Technology NZX/ASX/NEWS RELEASE 22 April 2015 Nuplex launches a breakthrough technology for the coatings industry New, innovative coating technology, Acure, introduced by global, specialist chemical company, founded in New Zealand Yesterday, Nuplex unveiled the world's latest technological breakthrough in coatings, Acure, an innovative technology that will significantly benefit manufacturers around the world. Manufacturers traditionally need to balance the dry time of a coating, with the time at which the paint becomes unusable, referred to as its pot life. Nuplex's research and development teams around the globe have decoupled this adverse relationship to produce Acure. Acure harnesses leading edge chemistry giving paint and coating formulators the ability to dial in fast dry times with remarkably long pot lives. When used in coatings applied in large-scale manufacturing processes Acure has the potential to reduce manufacturing times significantly. Nuplex's CEO Emery Severin says Nuplex scientists started working on the technology in 2007 and have developed a system that has potential to be used in almost all the different industrial coatings markets. "Acure is built on Michael Addition chemistry, which up until now has been too reactive to be manageable in a coating context. Developed to precisely control this reaction, the Acure system delivers very fast dry times, extremely long pot life and cures at low temperatures. "We've already introduced the Acure system to a select group of customers and received very positive feedback. We anticipate the system will be a breakthrough for Nuplex and the manufacturers that use it," says Severin. Acure is being introduced immediately in Europe and America, then in Asia and ANZ towards the end of 2015. Acure offers increased comfort for workers applying coatings that use the Acure technology because it is low VOC (volatile organic compound) and is isocyanate and tin free. This is good news for workers and the environment. In addition to working conditions and environmental benefits, manufacturers that use paints and coatings with Acure will benefit from enhanced efficiency, less wastage in application and greater flexibility when operating at low temperatures. Acure is currently being trialed in a number of market segments including agriculture and construction equipment and protective coating markets. Nuplex has long been dedicated to creating innovative solutions for the coatings industry. "Acure is the result of Nuplex's global investment in research and development. The system was invented in Nuplex's Innovation Centre in The Netherlands and refined in R&D laboratories in Europe and the US," says Severin. The technology was unveiled at the European Coating Show (ECS) overnight and was awarded the "Best Paper Award" for the ECS Congress. The ECS is the largest of its kind in the world, bringing together industry leaders behind paint and coatings used in markets around the world. Nuplex employs more than 1,700 staff globally and currently operates 16 manufacturing sites in 12 countries and is New Zealand's oldest listed company. - Ends - ABOUT NUPLEX Nuplex is a leading, global manufacturer of resins used in paints, coatings and structural materials. The company has an integrated sales, manufacturing and R&D network, located across Europe, Australia & New Zealand, Asia, and the Americas and sells its products in more than 80 countries world-wide. The global coating resins operations supply resins used in a wide variety of paint and coating applications, including: decorative and trim paint, automotive coatings, vehicle refinish, wood flooring and furniture coatings, metal furniture coatings, consumer electronics and white goods coatings, marine & protective coatings, and coatings for infrastructure and transport. In Australia and New Zealand, Nuplex is also a leading producer of resins used in composites and pulp & paper products. The company has approximately 1,700 employees operating in 12 countries, spread over four continents. For further information, please contact: Investors: Josie Ashton, Nuplex +61 2 8036 0906 ? [email protected] Media: Louisa Jones, Porter Novelli on behalf of Nuplex +64 21 299 2628 ? [email protected] End CA:00263395 For:NPX Type:GENERAL Time:2015-04-22 09:35:05
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