Cooper Tire (CTB) and Yulex Corporation Enter Joint Development Agreement

Cooper Tire & Rubber (NYSE: CTB) and Yulex Corporation announced today that they have entered into an agreement for the joint evaluation and development of guayule polymers and resins for tire applications. Under this agreement, Cooper will provide advanced polymer and materials science expertise, and utilize its design, development and testing capabilities as part of this project. Yulex provides experience with the development and production of advanced engineered biopolymers from the guayule plant. Terms of the agreement are not being disclosed.

As the global supply for natural rubber continues to decline, it is becoming increasingly vital to identify a sustainable, high quality alternative source of natural rubber. The biopolymers Yulex extracts from the guayule plant are used as a replacement for traditional tropical or petroleum-based rubber. Production of this bio-based material is ecologically responsible and carbon neutral, and the material itself is valued for its physical performance, including increased elasticity, functionality, reliability and strength.

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