Innovative Holdings/USTech Materials Updates December 13, 2001 Release
ORLANDO, Fla.--Jan. 4, 2002--Innovative Holdings USTech Materials Subsidiary to Build Next
Generation High Performance Polymer Resin Technology Based On Long
History of Research and Development
USTech Materials Corporation (USTM), a subsidiary of Innovative Holdings & Technologies, Inc. (OTCBB:IHTL), is currently in the process of manufacturing and marketing its flagship product, PolyEther Amide Resin (PEAR), under a worldwide licensing agreement with Ashland, Inc. . The Institute for Environmental and Industrial Science (IEIS) at Southwest Texas State University provides manufacturing, R&D and customer support.
Dr. Joseph H. Koo, USTM's Technical Director, said, "PEAR resin technology has the potential to be configured to many current and future manufacturing applications. We envision, for example, PEAR's existing technology incorporated with polymer nanocomposites that will enhance its flammability, mechanical, thermal, and gas barrier properties, as well as dimensional, thermal, and chemical stabilities. We believe this single adaptation will make it compatible to many diverse applications. This is a very flexible high performance polymer resin system that can be adapted to many end uses."
PEAR high performance polymer resins were developed by Ashland, Inc. who spent 14 years and $10 million developing this advanced polymer resin system, originally developed for strategic defense applications. It is protected by numerous patents worldwide. PEAR is a unique family of thermoset resins that combine strength, reduced weight, chemical, and temperature resistance. These polymers offer excellent thermal stability, and give off little toxic fumes and smoke when subjected to flames. PEAR offers excellent electrical insulation properties, cyclic qualities (long fatigue life), high fiber and fill load capability, low viscosity and excellent adhesive characteristics compared with other materials. During the curing process, it exhibits zero volatiles and low exothermic reaction properties coveted by high performance composite fabricators.
PEAR has been considered as a potential alternative to existing aerospace application resins by McDonnell Douglas/Boeing through a formal research study, and could be considered for alternatives to present interior and exterior aircraft structures. Past studies have shown PEAR to exceed FAA standards for fire resistant insulation materials by a factor of about 2:1. This makes PEAR a viable candidate for insulating material for cockpit and passenger areas, and for consideration to be included in many applications the next generation of commercial, private and military aircraft.
The following are sources for more detailed information on PEAR high performance resins:
| -- | Materials Technology Magazine: November/December 1996 issue: New Cost Competitive Thermoset Resins for Advanced Composite Applications Have Properties Superior or Equal to Epoxies |
| -- | High Performance Composites Magazine: May/June 1998: PEAR Resin a Tough New Contender |
| -- | Bisoxazoline-Phenolic Resin Step-Growth Copoplymerizations: New Systems for Electronics, Mold Making, and Resin Transfer Molding: 34th SAMPE International Technical Symposium, May, 1989 |
Paper presented at the Offshore Technology Conference, May 5-8, 1997, Houston, TX:
-- The Application of Advanced Composite Technology to Marine
Composite Technology to Marine Drilling Riser Systems: Design,
Manufacturing and Test Northrop Grumman Marine Systems & ABB
Vetco Gray.
The following papers were presented at the 42nd International Society for the Advancement of Material and Process Engineering (SAMPE) Symposium, Anaheim, CA, May 4-8, 1997:
-- Resin Transfer Molding and Compression Molding of Eight-Inch
Thick Bisoxazoline-Phenolic Thermoset-Glass Fiber Composites
Southwest Research Institute/Chemistry and Chemical
Engineering Division
-- High Service Temperature Polyether Amide Thermoset Resins -
New Materials for Electrical Insulation and High Strength
Composites Chemco Consulting, Inc. & Southwest Research
Institute
- Bisoxazoline-Phenolic (PEAR) Resins: High Strength, Tough, Low
Flammability Thermosets for High Service Temperature
(177(degree)C) Composites Southwest Research Institute
-- Sensitivity Studies for in-situ Automated Tape Placement of
Thermoplastic Composites NASA Langley Research Center & Old
Dominion University
For more information on USTech Materials Corporation, including detailed technical and application data related to high performance PEAR resin systems, visit http://www.innovativeholdings.com and click on the USTech Materials Corporation pages.
PEAR high performance resins represent a new generation of advanced polymers that show promise as superior replacements for traditional, and more costly, fabricating materials. It has many potential applications within industries such as aerospace, automotive, oil & gas, electronic, electrical and sports equipment.
This press release discusses certain matters that may be considered "forward-looking" statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, including statements regarding the intent, belief or current expectations of Innovative Holdings & Technologies, Inc/USTech Materials Corporation ("the Company") and its management. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve a number of risks and uncertainties that could materially affect actual results such as, but not limited to: the ability of the Company to raise necessary capital; to attract and retain effective management; the lack of viable commercial applications or the failure of third-party contractors to perform their contractual obligations. Prospective investors are also referred to the other risks identified from time to time in the Company's reports and registration statements filed with the Securities and Exchange Commission.