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For further details see our joint press release.
LRM and DuPont have executed a joint development agreement to explore the utility of LRM’s ThermoPlastic Flowforming (TPF) technology, in applications in the building and construction markets where DuPont already has a strong presence.
The development activities will focus on utilizing the capabilities of TPF process technology to produce large structural thermoplastic parts that can be made more cost effectively than unitary structures by other processes. The development activities are expected to begin in the third quarter of 2005.
Dr. John Verbicky, President of LRM, said, “”We are pleased that DuPont, after completing a comprehensive review of thermoplastic processing technology and their needs for large structural product applications, has chosen TPF processing technology and LRM Industries as the most attractive and viable approach to address their building and construction market opportunities. We continue to believe that there is a wide range of large structural part applications for which the TPF process is the most commercially viable and capable technology in the industry. DuPont’s selection of the TPF process strongly reinforces that belief.””
TPF is an emerging process technology for the low pressure, fully automated molding of long-fiber-reinforced thermoplastic (LFRT) large structural parts providing enhanced mechanical properties through the randomization and preservation of fiber length in molded parts. LFRT molded products represent one of the fastest growing elements of the worldwide molded plastics market with applications potentially replacing conventional materials such as steel, aluminum, wood, fiberglass and cement, in nearly all major industrial market segments.
LRM Industries, LLC (LRM) was formed to commercialize ThermoPlastic Flowforming technology through development, manufacturing and licensing. LRM is a joint venture of NOVA Chemicals Inc. and Envirokare Composites Corporation.
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