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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. |
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“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.” |
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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.
About Platinum Research Organization Inc. (PRO)
Platinum Research Organization Inc. (PLRO.OB – www.platinumresearch.com)
designs, develops and commercializes patented, high-performance
additives for lubricants and coatings. The company's proprietary
additive, TechroBond™, offers substantial economic, performance
and environmental advantages over those now used. In engine
oils, TechroBond will extend the life of catalytic converters,
thereby reducing harmful emissions; it increases the anti-wear
and extreme pressure performance of industrial greases
while reducing their cost; and in coatings and paints,
TechroBond may replace environmentally hazardous materials.
Platinum's formulations and processes are protected by
a series of U.S. patents, patent applications, continuation-in-part
applications and trade secrets. The company is located
in Dallas.
Trademarks: TechroBond
is a trademark of Platinum Research Organization Inc.
All other trademarks are the properties of their respective
owners.
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Safe Harbor Statement under
the Private Securities Litigation Reform Act of 1995
Statements about the future performance
of the company, economic trends, and other forward-looking
statements in this release are made pursuant to the "safe
harbor" provisions of the Private Securities Litigation
Reform Act of 1995. Investors are cautioned that such
forward-looking statements involve risks and uncertainties,
including and without limitation, continued acceptance
of the company products, increased levels of competition
for the company, new products and technological changes,
the company’s dependence on third-party suppliers, and
other risks detailed from time to time in the company's
periodic reports filed with the Securities and Exchange
Commission. The company provides no assurance regarding
the actual outcome of the events contemplated by any forward-looking
statements included in this release. |
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Platinum Media Contact:
Barbara Hyman, Hopkins & Associates, barbara@hopkinspr.com,
214-828-0066
Bonnie Stuck, Senior VP for Technology, Chem Technologies Ltd. bstuck@chemtechnologiesltd.com,
440-632-9311
Platinum Investor Relations Contact:
Charles Moskowitz, FOCUS Partners, cm@focuspartners.com,
617-633-2259
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