LEHIGH VALLEY, Pa., and SAARBRUECKEN, Germany, May 19 /PRNewswire-
FirstCall/ -- Air Products and Chemicals, Inc. (NYSE: APD) and Nanogate
Technologies GmbH, one of the leading chemical nanotechnology companies in
Europe, today announced an agreement and the formation of a joint venture
company named Nanogate Advanced Materials GmbH, to be based in Saarbruecken,
Germany. The new company will leverage Nanogate's unique technology
development for the formation and dispersion of nanoparticles.
"The new prospects to be realized working jointly with Nanogate
Technologies are very exciting for the Advanced Materials area and our
company. Nanogate is a respected leader in its field with critical chemical
nanotechnology know-how," said Lawrence B. Thomas, business director, Advanced
Materials at Air Products. "Through this joint venture, Air Products gains
access to Nanogate's unique capability to produce a variety of inorganic
nanoparticles by solution processes and create stable dispersions of
nanoparticles. The process of making these dispersions compatible with the
systems they are being incorporated into is a critical requirement to gain the
maximum benefit from the use of nanoparticles in many applications, including
many markets for formulated systems that Air Products currently serves."
"The synergetic effects are obvious. Nanogate offers the unique
technology and Air Products the strong existing presence and customer
relationships to establish its presence in high-tech markets and products,"
explains Ralf Michael Zastrau, who manages together with Dr. Ruediger Nass the
newly founded Nanogate Advanced Materials GmbH.
Nanogate Advanced Materials will focus on market opportunities in
functional films, coatings and electronic displays, and will benefit from Air
Products' strong existing presence and customer relationships in this area.
The joint venture envisions the application of chemical nanotechnology to
develop completely new product properties that are environmentally friendly
and cost-effective solutions, providing competitive advantages for customers.
Developmental work on these product advancements will occur in Saarbruecken,
as well as in existing facilities in the U.S. and Europe.
"Combined with Air Products' existing nanotechnology involvement, this
joint venture gives our company a complete nanotechnology package. Our
customers will benefit from real step-changes in product offerings using this
differentiated capability," said Thomas. Air Products' Advanced Materials
area was formed in 2002 and is part of the Performance Materials Division of
the Chemicals Group. Air Products defines "performance materials" as having
exceptional physical properties that create a significant change in the
economics or performance of a customer's process or products.
To view the full text of this announcement, please visit Air Products'
online Press Room at
***NOTE: This release may contain forward-looking statements. Actual
results could vary materially, due to changes in current expectations.
SOURCE Air Products