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Rockwood Press Release
Rockwood and Piedmont Regional Government
Sign MOU for Research Grant in Italy
Turin, Italy (March 15, 2010) – Rockwood Italia, a subsidiary of Rockwood Holdings Inc. (NYSE: ROC) which includes Rockwood Color Pigments and its Turin manufacturing facilities, today signed a memorandum of understanding with the Regional Government of Piedmont in Italy to advance its development work on a new generation of cathode materials. Specifically, the efforts will utilize Rockwood’s lithium and particle synthesis technology, targeting the expanding market for energy storage devices for the automotive sector.
Rockwood, in collaboration with the Politecnico, the world-class engineering university in Turin, is seeking a € 5-7 Million grant from the economic development agency of the Regional Government of Piedmont. Subject to completion of final negotiations between Rockwood and the regional government, the requested grant will fund the investment in a pilot-scale manufacturing unit to process targeted cathode materials for the new generation of electric batteries required by the automotive sector. Rockwood’s excellent relationship with the Politecnico and Piedmont’s regional government are founded on the longstanding, successful industrial presence of Rockwood’s Color Pigments Division in Turin, the regional capital.
Rockwood Holdings Inc., Princeton, N.J., U.S.A. Rockwood Holdings, Inc. is a leading global specialty chemicals and advanced materials company. Rockwood has a worldwide employee base of more than 9,500 people and annual net sales of approximately $3 billion. The company focuses on global niche segments of the specialty chemicals, pigments and additives and advanced materials markets. For more information on Rockwood, please visit www.rocksp.com.
The information set forth in this press release contains certain "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995 concerning the business, operations and financial condition of Rockwood Holdings, Inc. and its subsidiaries and affiliates ("Rockwood"). Words such as, "anticipates," "believes," "estimates," "expects," "forecasts," "predicts" and variations of such words or expressions are intended to identify forward-looking statements. Although Rockwood believes the expectations reflected in such forward-looking statements are based upon reasonable assumptions, there can be no assurance that its expectations will be realized. "Forward-looking statements" consist of all non-historical information, including any statements referring to the prospects and future performance of Rockwood. Actual results could differ materially from those projected in Rockwood's forward-looking statements due to numerous known and unknown risks and uncertainties, including, among other things, the "Risk Factors" described in Rockwood's Form 2009 10-K on file with the Securities and Exchange Commission. Rockwood does not undertake any obligation to publicly update any forward-looking statement to reflect events or circumstances after the date on which any such statement is made or to reflect the occurrence of unanticipated events.
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