ST. LOUIS, June 7, 2011 /PRNewswire/ -- Solutia Inc. (NYSE: SOA), a global leader in performance materials and specialty chemicals, has reshaped its rubber chemicals portfolio and reaffirmed its commitment to high-value, market-leading rubber chemicals, including Santoflex® antidegradants.
"As promised, the other rubber chemicals portfolio has been reshaped and Solutia is focused on the core rubber chemical businesses of Crystex® insoluble sulfur and Santoflex antidegradants," said Greta Senn, president and general manager of Solutia's Technical Specialties division. "Solutia continues to make investments in capital, technology and the protection of its intellectual property to remain one of the world's largest, most cost-competitive and reliable producers of antidegradants for the rubber and tire industry."
The primary products in the Santoflex antidegradant portfolio are manufactured from the key intermediate 4-ADPA using Solutia's world-class and proprietary PPD2 technology, for which Solutia holds a series of patents for its manufacturing process, including its Base Patents and Improvement Patent.
"We developed a revolutionary manufacturing process and we stand firm in our commitment to protect our intellectual property around the world," said Roger Owen, global business director of Solutia's antidegradants business. "We have previously been engaged in patent litigation to protect against infringement of the Base Patents and are prepared to vigorously defend our intellectual rights under the Improvement Patent."
The Improvement Patent is valid in key countries throughout the world until 2019 and has been repeatedly held valid despite challenges from competitors.
Solutia's Technical Specialties division offers advanced chemical and specialty products that meet or exceed rigorous specifications and are distributed through a proven, global supply system. As one of the world's largest producers of chemicals for the rubber and tire industry, Solutia's products help control the process of manufacturing rubber while improving its durability, flexibility and appearance. For more information on Solutia and its diverse portfolio of product solutions, please visit www.solutia.com .
Notes to Editor: SOLUTIA and the Radiance Logo™ and all other trademarks listed below are trademarks of Solutia Inc. and/or its affiliates.
Forward Looking Statements
This press release may contain forward-looking statements, which can be identified by the use of words such as "believes," "expects," "may," "will," "intends," "plans," "estimates" or "anticipates," or other comparable terminology, or by discussions of strategy, plans or intentions. These statements are based on management's current expectations and assumptions about the industries in which Solutia operates. Forward-looking statements are not guarantees of future performance and are subject to significant risks and uncertainties that may cause actual results or achievements to be materially different from the future results or achievements expressed or implied by the forward-looking statements. These risks and uncertainties include, but are not limited to, those risk and uncertainties described in Solutia's most recent Annual Report on Form 10-K, including under "Cautionary Statement About Forward Looking Statements" and "Risk Factors", and Solutia's quarterly reports on Form 10-Q. These reports can be accessed through the "Investors" section of Solutia's website at www.solutia.com . Solutia disclaims any intent or obligation to update or revise any forward-looking statements in response to new information, unforeseen events, changed circumstances or any other occurrence.
Solutia is a market-leading performance materials and specialty chemicals company. The company focuses on providing solutions for a better life through a range of products, including: Saflex® polyvinyl butyral interlayers for glass lamination and for photovoltaic module encapsulation and VISTASOLAR® ethylene vinyl acetate films for photovoltaic module encapsulation; LLumar®, Vista™, EnerLogic™, FormulaOne®, Gila®, V-KOOL®, Huper Optik®, IQue™, Sun-X® and Nanolux™ aftermarket performance films for automotive and architectural applications; Flexvue™ advanced film component solutions for solar and electronic technologies; and technical specialties products including Crystex® insoluble sulfur, Santoflex® PPD antidegradants, Therminol® heat transfer fluids and Skydrol® aviation hydraulic fluids. Solutia's businesses are world leaders in each of their market segments. With its headquarters in St. Louis, Missouri, USA, the company operates globally with approximately 3,300 employees in more than 50 worldwide locations. More information is available at www.Solutia.com .
SOURCE Solutia Inc.