Marketing Alliance
Zotefoams PLC
28 August 2007
28 August 2007
Zotefoams plc
('Zotefoams' or 'the Company')
Announcement of Marketing Alliance
Advanced insulation systems for biotechnology and semi-conductor markets
Zotefoams (LSE: ZTF.L), the foam technologists, and UFP Technologies, Inc.
(Nasdaq: UFPT), a manufacturer of packaging and component products, today
announce that they have formalised an agreement to work together to target the
market for high performance insulation systems.
UFP Technologies ('UFPT') has, using Zotefoams' ZOTEK (R) F fluoropolymer foams,
created an advanced insulation system specifically developed for stainless steel
process lines in clean environments. Branded as T-Tubes (R), these insulation
systems are designed to meet the exacting standards required in clean process
environments in industries such as biotechnology, pharmaceutical, semiconductor
and nuclear. 'We believe there is a significant unmet need for clean
environment insulation solutions and our partnership with Zotefoams allows us to
bring a unique value added solution to the market', said R. Jeffery Bailly,
Chairman, CEO and President of UFPT.
Zotefoams and UFPT will work together to develop T-Tubes as a worldwide brand.
UFPT will market and develop T-Tubes in North America while Zotefoams will be
responsible for marketing and development in Europe, Middle East and Asia.
Initially all conversion of foam into finished products will be based in the
UFPT facility in Georgetown, MA, USA with foam supplied from Zotefoams' facility
in Croydon, UK.
'This is a new and exciting market for both companies and further validation of
the unique qualities of our new fluoropolymer foams. I am delighted to be
developing the T-Tubes product alongside UFPT, a customer of Zotefoams for over
20 years', said David Stirling, Managing Director of Zotefoams plc.
ZOTEK (R) is a registered trademark of Zotefoams plc
T-Tubes (R) is a registered trademark of UFP Technologies Inc. See
www.t-tubes.com
For further information, contact:
Zotefoams plc
David Stirling
Managing Director, Zotefoams plc
Tel: +44 (0) 20 8664 1600
www.zotefoams.com
or
Ben Brewerton / Emma Thompson
Financial Dynamics
Tel +44 (0) 207 831 3113
UFP Technologies, Inc
Ron Lataille
CFO
UFP Technologies, Inc.
Tel: 978 352 2200
www.ufpt.com
About Zotefoams
Zotefoams plc (LSE - ZTF) is the world's leading producer of light weight,
cross-linked, closed-cell, block foams. These pure, consistent foams are
manufactured using a unique environmentally friendly nitrogen expansion
technology. Zotefoams was the first to develop cross-linked polyolefin foams and
is increasingly using its production technology to manufacture foamed materials
based on high performance polymers. Based in Croydon UK, Zotefoams also
manufactures in Kentucky USA and markets its products worldwide through a global
sales network.
Visit: www.zotefoams.com
About UFP Technologies, Inc.
UFP Technologies, Inc. (NASDAQ - UFPT) is an innovative designer and custom
converter of foams, plastics, and natural fiber products. The company produces
a vast array of custom-engineered packaging solutions and component products in
ten manufacturing facilities across North America. Its customers include leading
companies in six core markets: Automotive, Computers & Electronics, Medical,
Aerospace & Defense, Consumer, and Industrial.
For more information on UFP Technologies' products and capabilities, contact Sue
Midura, UFP Technologies, 172 East Main Street, Georgetown, MA, 01833, (800)
372-3172, visit www.ufptech.com, or email info@ufpt.com.
This information is provided by RNS
The company news service from the London Stock Exchange