Industry News

Celanese Begins Commercial Use of Symyx-discovered Catalyst for Production of Vinyl Acetate

Published on 2006-07-14. Author : SpecialChem

SANTA CLARA, Calif. -- Symyx Technologies, Inc. (Nasdaq:SMMX - News), announced that, beginning in April, 2006, Celanese (NYSE:CE - News) deployed a new catalyst intended to reduce the manufacturing cost of vinyl acetate. This catalyst lead was discovered by Symyx working under a research collaboration with Celanese. Celanese is using the catalyst in one plant initially, with plans for roll out to additional plants dependent upon commercial results.

Symyx will earn milestone payments based on this initial commercialization, and will receive royalties from vinyl acetate production commencing with deployment in a second plant.

Celanese is a leading producer of vinyl acetate, an intermediate chemical used as a monomer to produce a range of polymers used in the adhesives, coatings and textiles industries as well as in packaging, footwear and floor tile applications. The collaborative program leveraged Symyx's high-throughput research technologies to identify catalyst families for more efficient production of vinyl acetate.

About Celanese

Celanese Corporation (NYSE:CE - News) is an integrated global producer of value-added industrial chemicals based in Dallas, Texas. The Company has four major businesses: Chemicals Products, Technical Polymers Ticona, Acetate Products and Performance Products. Celanese has production plants in 13 countries in North America, Europe and Asia. In 2005, Celanese Corporation had net sales of $6.1 billion.

About Symyx

Symyx Technologies, Inc. is dedicated to helping customers transform their R&D productivity. Symyx develops and applies high-throughput research technologies and research software for customers in the pharmaceutical, chemical, energy, electronics and other industries. Symyx performs research for customers using proprietary technologies to discover new and innovative materials, sells automated high-throughput instrumentation and licenses software for use in customers' own laboratories, and licenses discovered materials, sensors and intellectual property. Symyx has the largest portfolio of patents in the field of high-throughput materials discovery, with over 300 issued patents and over 380 patent applications on file worldwide.

The statements contained in this release that are not purely historical are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, including, without limitation, statements regarding Celanese's plans for roll out of a Symyx-discovered catalyst and the milestone payments and royalties payable to Symyx. These forward-looking statements involve risks, uncertainties and assumptions, including: (1) uncertainties of patent protection and litigation; (2) the impact of acquisitions, mergers or other changes in corporate structure; (3) general economic conditions in the United States and in major European and Asian markets; (4) exposure to risks associated with export sales and operations; (5) natural disasters, power failures and other disasters; and (6) and other risks that are described from time to time in Symyx's filings with the Securities and Exchange Commission, (including but not limited to Symyx's annual report on Form 10-K for the year ended December 31, 2005 and on Form 10-Q for the quarter ended March 31, 2006). If any of these risks or uncertainties materializes or any of the assumptions proves incorrect, Symyx's results could differ materially from Symyx's expectations in these statements. Symyx assumes no obligation, and does not intend to update these forward-looking statements.

Source: Symyx Technologies, Inc.

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