Hexion Specialty Chemicals and imaging Technology international Announce Partnership Relationship To Provide Industrial InkJet Solutions
COLUMBUS, Ohio--(BUSINESS WIRE)--July 31, 2006--Hexion Specialty Chemicals, Inc. and imaging Technology international Corporation (iTi) announced today that they have entered into a strategic partnering relationship to provide customers with comprehensive solutions for their industrial inkjet printing needs.
As the leading global supplier of thermoset materials and a leader in UV-curable technology, Hexion will provide its expertise in UV-curable inkjet inks to iTi as it works to meet the specific needs of customers utilizing inkjet technology for industrial printing applications. As a leading developer of production systems and specialized equipment integrations for the industrial inkjet market, iTi will continue to provide total solutions packages, including print heads, curing lamps, and substrate handling systems while leveraging Hexion's expertise in specialized ink solutions.
"Our partnership combines iTi's expertise in equipment and systems with Hexion's expertise in UV-curable ink technology to provide customers with a total solutions package for their specific printing needs," said Hexion's Paul Lindquist. "Our focus will be to provide technical assistance in ink formulations to achieve certain jetting, curing, and end-use properties for each customer's application."
"As industrial inkjet printing continues to advance, a total systems approach that can be customized for specific production applications is critical for customers looking to leverage the opportunities afforded by digital inkjet technology," said iTi's Bruce Morgan. "Our expertise in designing, manufacturing, and integrating industrial inkjet equipment and systems enables us to ensure a turnkey solution that meets the customer's production specifications. The alignment with Hexion gives us added expertise in the critically important area of digital inks formulated to meet specific application requirements."
The companies will collaborate on technical development work and also will coordinate in aspects of marketing and technical support.
About Hexion Specialty Chemicals, Inc.
Based in Columbus, Ohio, Hexion Specialty Chemicals serves the global wood and industrial markets through a broad range of thermoset technologies, specialty products and technical support for customers in a diverse range of applications and industries. Hexion Specialty Chemicals is owned by an affiliate of Apollo Management, L.P. Additional information is available at www.hexion.com.
About imaging Technology international Corporation
imaging Technology international Corporation (iTi), is an established leader in inkjet integration, with a 14-year track record of engineering, developing, and manufacturing industrial inkjet deposition and printing solutions. iTi offers a comprehensive range of inkjet production systems and development tools that deliver outstanding performance and cost-effective operation for high-value production processes. iTi is headquartered in Boulder, Colorado. For more information, please visit www.iticorp.com.
Safe Harbor Language
Statements contained in this press release may include "forward-looking statements" about the Company's financial results under the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Act of 1934, as amended. Forward-looking statements are based on our currently available financial, economic and competitive data and on business plans. Actual results could vary materially depending on risks and uncertainties that may affect the company's operations, markets, services, prices and other factors as discussed in our filings with the Securities and Exchange Commission. These risks and uncertainties include, but are not limited to, economic, competitive, legal, governmental and technological factors. There is no assurance that the company's expectations will be realized. We undertake no obligation to publicly update or review any forward-looking statement, whether as a result of new information, future developments or otherwise, except as otherwise required by law.
Hexion Specialty Chemicals, Inc.
Paul Lindquist, 513-782-6273
Peter Loscocco, 614-225-4127
Cindy Morgan, 303-443-1036
Debbie Thorp, +44-1223-422223
Source: Hexion Specialty Chemicals, Inc.