1. Competitive Advantages and Critical Customer Needs Addressed with Tetramer Technology The last three years have provided a tipping point of price differential between non-renewable crude oil and renewable vegetable oils. This trend is finally establishing chemicals from biorefineries as more price competitive with products from crude oil refineries. Tetramer has developed technology which uses renewable resource biomass raw materials which can be tailored for desired end use properties in thermoset markets, such as vinyl ester resins, epoxies, and urethanes. Meets or exceeds current VOC environmental regulations by lowering styrene content in vinyl ester resin up to 50% with no loss in performance. Can use lower cost racemic lactide raw material. Synthesis of LAHEMA Tetramer Technologies was formed in 2001 as a faculty-driven start-up company commercializing high value research activities pursued at Clemson University. It currently employs 11 people- 9 PhDs, 1 Masters, and 1 BS level. Our business model is to focus on developing specialty polymeric or oligomeric materials through synthesis, structure/activity development, in close research development relationships with device or other downstream customers. Copolymerization of LAHEMA with a commercial VER/Styrene Market Opportunity Vinyl Ester market worldwide is $ 300 MM. Epoxy, urethane and unsaturated ester markets are > $1 Billion Customers collaborations underway with Ashland, Reichhold, Cargill, 3G Mermet, Battelle, Rohm and Haas, and Dow Global Styrene regulations have proposed even more reductions Polymer composites are growing due to weight, performance, and cost vs. steel SBIR/STTR Phase II: New Approaches to Using Renewable Biomass Derived Materials in Epoxy and Vinyl Ester Resin Products to Reduce Styrene and Other Petroleum Based Raw Materials. Grant Number: DMI-0521976 Award Dates: September 1, 2005 - August 31, 2007. Award Type:SBIR Phase II Topic: BT Company Name:Tetramer Technologies, L.L.C. Address: 657 S. Mechanic Street, Pendleton, SC 29670 PI: Dr. Earl H. Wagener Finance and Revenue Model Stage 2 and 3 Development will be achieved through Phase IIB Joint Development Agreements with Target Customers through 2008 Initial Scale-up to 2 - 3 MM lbs will be accomplished locally with contract manufacturers in 2008-2009 producing revenue streams of $1.4 - $ 2.1 MM from sale of product Scale up to 10 - 25 MM lbs. will come from local VC firms or customer manufacturing (producing a royalty stream) Properties of Vinyl Ester Resin (VER) with and without LAHEMA Flexural properties of VER/Styrene formulations (54–58 wt % VER) with different LAHEMA contents for replacement of styrene. Filled blue circles represent flexural modulus, and orange squares represent flexural strength. Lines indicate least-squared fits to the data. Viscosity of VER/Styrene formulations (42– 44 wt % VER) with different LAHEMA contents for replacement of styrene. Technical Objectives/Goals Using biomass derived materials, such as unsaturated vegetable oil and racemic lactide, develop new product applications which substitute significant amounts of petroleum based raw material in commodity thermosets such as epoxy resins, unsaturated polyester resins, and polyurethane. Replace up to 25% of styrene in vinyl ester resins. Develop lower cost acrylic derivatives. Technical Results to Date Tetramer Technologies. L.L.C. Overview Scope of LAHEMA Styrene-LAHEMA-VER 45-0-54 35-21-44 30-28-42