Nexam Chemical and Armacell have jointly agreed to extend the exclusive supply agreement regarding Nexam’s products into PET-foam

Nexam Chemical and Armacell have jointly agreed to extend the exclusive supply
agreement regarding Nexam’s products into PET-foam, which was signed between the
parties in February 2014.
The extension is due to the fact that the implementation of the supply agreement
has been delayed by approximately 1 year as a result of a strategic decision
made by Armacell to switch from virgin PET to recycled PET as the main raw
material base.

Armacell had accomplished good test results with Nexam’s products in virgin PET
and is optimistic about the outcome in recycled PET. However Armacell needs to
reformulate and thereafter reconfirm test results using Nexam’s products with
recycled PET instead of virgin PET. The reformulation work using Nexam’s
products in recycled PET has already begun at Armacell.

Both parties wish to retain the good and close working relationship they have
developed and have therefore agreed to extend the exclusivity period. This is
believed to be the fastest way to a successful outcome for both parties.

For Armacell to retain the exclusive right, it needs to purchase a minimum
amount of Nexam’s products. According to the now agreed amendment to the
original agreement the minimum volume for 2015 is 10 tons of Nexam’s products
and for 2016 respectively 2017, 75 and 150 tons.
For more information, please contact:
Lennart Holm, Chairman of the Board: +46 (0)706 30 8562
About Nexam Chemical
Nexam Chemical is a Swedish company with a world-leading technology within its
area for heat-activated crosslinking of plastics and polymers. The company
develops, manufactures and markets unique heat-activated crosslinkers to the
plastics ­market. A company description and more information about the business
will be found on www.nexamchemical.com. The company’s Certified Adviser is
Remium Nordic AB.