Cabot Corporation Receives Royalties from Licensing Agreement with Michelin
Michelin to Employ Cabot’s Patented Elastomer Composite Process Technology in Tire Applications
Since 2008, Cabot has been working with Michelin to develop the technology and manufacturing operations necessary to commercialize the technology in global tire markets. Through this agreement, Michelin has exclusive rights to Cabot’s elastomer composite process technology for tire applications and is entitled to build and operate plants that utilize this technology.
“This royalty agreement is the continuation of a prosperous and
long-term relationship with Michelin, as well as a significant new
business opportunity for Cabot,” said
Tire manufacturers are increasingly being challenged to improve tire performances. Cabot’s elastomer composites technology enables new tire design opportunities for Michelin.
Cabot’s patented technology uses liquid phase mixing rather than conventional dry phase mixing to incorporate reinforcing agents such as carbon black into elastomers. This technology delivers superior dispersion of reinforcing agents such as carbon black within the elastomer, which creates composites that display unique properties.
The same kind of elastomer composite technology utilized by Michelin is available for non-tire applications directly from Cabot through its Transfinity™ brand of elastomer composite products. Customers can use Transfinity materials to engineer significantly longer lasting and/or smaller products for demanding applications in the mining, defense, automotive and aerospace industries.
To learn more, visit our website at www.cabot-corp.com/elastomer-composites or contact us at transfinity@cabotcorp.com.
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Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: Statements in the press release regarding Cabot's business that are not historical facts are forward looking statements that involve risks and uncertainties. For a discussion of such risks and uncertainties, which could cause actual results to differ from those contained in the forward looking statements, see "Risk Factors" in the Company's Annual Report on Form 10-K.
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