Dow Kokam LLC Names CEO

MIDLAND, Mich., Nov. 12, 2009 -- Dow Kokam LLC, the newly formed joint venture between The Dow Chemical Company and TK Advanced Battery LLC, announced today the appointment of Ravi Shanker, President and CEO. Shanker previously served as Corporate Director of Ventures & Business Development for The Dow Chemical Company.

The new company will produce affordable batteries with advanced superior lithium polymer (SLPB) technology for the hybrid and electric vehicle markets.

"We have a fundamental opportunity before us in electric transportation to change the heart of the vehicle -- the motor," said Shanker. "Dow Kokam's unique combination of scalable technology, manufacturing expertise and automotive industry relationships creates the cost/performance advantage that fleet and passenger vehicle manufacturers need to help make electric vehicles commercially viable on a broad scale."

Dow Kokam is headquartered in Midland, Michigan, where it is scheduled to begin construction of a new 800,000 square-foot production facility in the coming months.

About Dow Kokam LLC

Dow Kokam, LLC was established in 2009 to develop and manufacture advanced energy storage technologies for the transportation and other industries. Drawing on the strengths of its parent companies, Dow Kokam offers a unique mix of patented technology, market knowledge, materials science capabilities and manufacturing expertise.

Corporate Communications - www.dowkokam.com