The Bronkx-this is why...
November 16, 2007
Platinum Research Names Manufacturer of Grease Additive
Chem Technologies Ltd. will produce TechroBond™ 280, an anti-wear, extreme pressure additive for industrial greases
DALLAS, November 16, 2007 -- Platinum Research Organization (PLRO.OB – www.platinumresearch.com), has selected Chem Technologies Ltd. (www.chemtechnologiesltd.com) of Middlefield, OH, to produce its new additive for industrial greases, TechroBond 280, the newest member of the TechroBond family of revolutionary additives for lubricants and coatings. TechroBond 280 is an anti-wear and extreme pressure (EP) additive that enhances the performance of lubricating greases.
“We are very impressed with the technical expertise, professionalism and production capabilities of Chem Technologies and we look forward to working with them for a long time to come,” said John T. (Cork) Jaeger Jr., president and CEO of Platinum Research Organization. “We have made these arrangements with Chem Technologies to produce our first commercial product, TechroBond 280, which we plan to introduce to the marketplace in the next several months. The relationship with Chem Technologies is strategic for Platinum, because Chem Technologies’ production capacity is easily scalable to meet our manufacturing needs for TechroBond 280 for the foreseeable future.”
“Chem Technologies takes pride in working outside the box and we certainly have achieved this through the relationship we have developed with Platinum Research,” said Donna Decker, vice president purchasing/customer service, Chem Technologies. “It is rewarding to work with people who are driven and are excited about their product. The excitement is contagious and we feel that our two companies complement each other. We look forward to having a part in making this new product a success.”
About Chem Technologies, Ltd
Chem Technologies, Ltd. is a chemical dispersion and blend manufacturer centrally located in Middlefield, OH, approximately 45 miles from Cleveland. The company specializes in blending chemical additives into pre-weighed batch inclusive packaging for the rubber, plastics and other industries. Chem Technologies’ specialty dispersion blends disperse faster and more uniformly into the base compound, providing superior final quality products. The dispersions reduce worker exposure to chemicals and are more environmentally friendly.
other developments include
1.) Develop Strategic Marketing Alliance in Grease Market PRO has entered into a global exclusive marketing agreement with R.T. Vanderbilt to sell TechroBondTM directly to grease manufacturers. Most importantly, the company has developed its first commercial product, TechroBondTM 280,which is being marketed immediately without registration hurdles. We are working aggressively with RT Vanderbilt and our contract manufacturing partner to introduce this product to the Grease marketplace.
2.) Domestic and Global Product Registration PRO has received EPA approval for F-ZDDP in the US and has begun testing under a contract with a Swiss laboratory for the registration of F-ZDDP in the European Union (EU). This testing will also facilitate the registration of PRO products in other key foreign jurisdictions.
3.) Engine Oil Optimization PRO is in the final stage of the optimization process and lab testing of engine oil for live engine testing in conjunction with two (2) industry partners.
Development of Manufacturing Capabilities PRO is continuing its plans to develop a pilot plant in Tulsa, Oklahoma for the production of F-ZDDP. PRO has entered into an agreement with Chem Technologies in Middlefield, Ohio to produce TechroBond 280. Successful pilot runs of TechroBond 280 have been completed and tested.
Jimstr
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