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Novolyte Technologies To Offer High Purity DPC, Manufacturing Start-up Q3 2010

CLEVELAND, OH – JUNE 3, 2010 – Novolyte Technologies, Inc. will offer high purity diphenyl phosphinous chloride (DPC), expanding on its leadership position in aryl phosphines. Start-up is scheduled for August 1 at Novolyte's Baton Rouge, LA, facility, with an initial 100-ton annual capacity.

Purity levels will be consistent with industry standards in demanding applications such as pharmaceutical ligands. DPC also is used as an intermediate in manufacturing photoinitiators for radiation curable coatings, photoresists, UV curable adhesives, photopolymeric printing plates, and printing inks.

"Novolyte is very excited to enter the market for DPC," says Jim Love, Vice President of Novolyte's Performance Materials. "The product is a natural fit for our production facilities and represents a logical extension of our existing aryl phosphines product family." Novolyte is the world's leading supplier of aryl phosphinic acids, including BZPA, BZPA salts, and TOPAK, and owns composition of matter patents for a superior free flowing briquette form of BZPA.

Novolyte is also planning a second phase expansion for additional DPC capacity, plus new benzene phosphorus dichloride (BDP) derivatives, including BPDO and BPT. This would add an additional 150 tons per year of DPC capacity, and is targeted to come online in the first quarter of 2011, further expanding Novolyte's current large scale aryl phosphine capacity.

About Novolyte Technologies, Inc.

Novolyte Technologies is a world leading manufacturer and supplier of specialty electrolyte materials, high performance solvents, aryl phosphorus derivatives and technically demanding custom manufactured products. Novolyte, previously Ferro Fine Chemicals Division, is headquartered in Cleveland, OH.