Rockwood and Piedmont to promote the new generation of electric batteries

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 electric vehicles.

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 electric cars.

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.