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MPT Receives $7.5 Million Contract to Increase Reinforced Polymer Production

06 May 2005

Mississippi Polymer Technologies, Inc. (MPT), has received a $7.5 million contract to increase production capacity of MPT's Parmax Self-Reinforced Polymer (SRP) materials for both military and commercial applications.

The contract for the high performance materials company, falls under the Title III of the U.S. Defense Production Act which supports the development of domestic production sources for materials considered to be important for Defence.

MPT already has demonstrated the utility of Parmax SRP materials for a wide variety of weapons systems, aircraft, and naval vessel applications. As a result, the U.S. Department of Defence is continuing to assist MPT in developing facilities for producing Parmax SRP resins. Title III funds will directly support growth of MPT’s core Parmax SRP business for both Defence and civilian uses.

MPT’s President, Dr. John Flock, said: ""This continued support from the Department of Defence is critical to our company during the coming year as MPT takes Parmax SRP products into the marketplace and accelerates the commercial phase of our business development"".

Parmax SRPs are new plastic materials that have been designed to replace metals and composites without added fibre reinforcement. According to a Parmax spokesperson, the material is reinforced using a rigid rod structure that eliminates the need for added fillers. According to their literature, ""Unfilled Parmax SRPs have the modulus and strength of many fibre reinforced engineering thermoplastics making them ideal for applications where particulates cannot be tolerated.""

Parmax Literatur state that SRPs exhibit extraordinary mechanical properties, fire resistance, corrosion and scratch resistance, hardness, and cryogenic properties, yet can be fabricated and machined using conventional automated methods.

MPT soon will start selling a new Parmax SRP material that can be injection moulded, a notable addition to MPT's current products designed for compression moulding and extrusion.

Parmax SRPs are being used for a wide variety of developing applications, as moulded stock shapes, structural foams, films, and coatings, for medical, aerospace, defence, electronic, automotive and specialty industrial use. MPT is developing strategic collaborations with other companies to commercialize high value-added Parmax SRP products.





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