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Michelin and Dow Form Agreement to Accelerate Pax System Technology

11 September 2000

Michelin and Dow Form Agreement to Accelerate Pax System Technology

    MIDLAND, Mich., Sept. 11 Michelin and The Polyurethanes
Business of The Dow Chemical Company have entered into a
joint-development agreement to accelerate the technology associated with the
run-flat support rings, internal devices that support a deflated tire, for PAX
System, Michelin's integrated tire/wheel system.
    Through the agreement, Dow and Michelin will focus on developing
technology and materials to develop a strong, lightweight, cost-effective
support ring for the PAX System.  Dow brings its knowledge of polyurethane and
manufacturing processes to the agreement, while Michelin will provide design
and test support.
    "Michelin research identified polyurethane as one of the key materials for
the support rings for the PAX System; Dow is a recognized leader in the field
of polyurethane development.  It is a natural fit," said Don Baldwin, manager
of new business, Michelin Automotive Industry Division.  "We're confident this
agreement will lead to technology advancements and a strong relationship
between Dow and Michelin -- both of which will significantly help advance the
PAX System."
    PAX System (http://www.paxsystem.com) is an integrated tire/wheel system
featuring a vertically anchored tire, flexible run-flat support ring and tire
pressure sensor.  Its unique features provide drivers enhanced performance,
handling, security, run-flat mobility, fuel economy and increased design
freedom.
    According to Peder Danielsen, new business development manager for Dow
Polyurethanes, "We are committed to leveraging our knowledge of polyurethane
chemistry and its capabilities to develop an internal support for the PAX
System.  The joint development agreement with Michelin will accelerate the
development and adoption of the support by helping direct our technology and
resources to critical performance criteria.  The PAX System is a novel
approach to addressing the needs of automakers and the driving public."
    Michelin is creating additional strategic alliances that will cover all
development of PAX System and help take a product that meets the demands of
consumers and automakers alike and to get the product more rapidly to the
market.