January 15, 2015 – Woodland Park, New Jersey - Cytec Industries Inc. (NYSE: CYT) will be one of the premier composite contributors for a manufacturing innovation institute as part of President Obama's National Network for Manufacturing Innovation (NNMI). The Department of Energy and a consortium of 122 companies, nonprofits, and universities will invest more than $250 million - $70 million in federal funds and more than $180 million in non-federal funds – to launch the Institute for Advanced Composites Manufacturing Innovation initiative (IACMI). The IACMI has assembled a team with broad and deep experience in all aspects of the advanced composite product development process from design and prototyping to manufacturing at commercial scale."We are very excited about participating in the IACMI as we share in its strong research, development and deployment focus," said Dr. Carmelo Lo Faro, Vice President of Technology for Cytec Aerospace and Industrial Materials. "Having a prominent role and the responsibility in enabling the manufacturing economy to utilize advanced composite materials to make lighter cars and aerospace structures with the optimum balance of performance and affordability is in alignment with Cytec’s enterprise-wide culture of innovation and leverages the strength of our composite applications expertise.”The IACMI will work to develop lower-cost, higher-speed, and more efficient manufacturing and recycling processes for advanced composites. The combined resources and expertise of the team will provide a leap forward in composite manufacturing and further enhance U.S. competitiveness as the team cultivates additional new partnerships. The initiative includes a Purdue University research team led by R. Byron Pipes, the John Leighton Bray Distinguished Professor of Engineering. The Design, Modeling & Simulation Enabling Technology Center, being led by Purdue University and actively supported by Cytec’s application engineering experience and expertise, will offer modeling and simulation tools to help address the need to shorten the development cycle and decrease the cost of composites manufacturing while allowing more time for innovation throughout the entire supply chain.“Cytec’s participation in IACMI will leverage their leading edge materials technology in carbon fiber composites to develop innovations in manufacturing for the next generation of fuel efficient automobiles and other systems,” said Pipes.The White House press release can be found at: http://www.whitehouse.gov/the-press-office/2015/01/09/fact-sheet-president-obama-announces-new-manufacturing-innovation-hub-kn.Cytec’s vision is to deliver specialty material and chemical technologies beyond our customers’ imagination. Our focus on innovation, advanced technology and application expertise enables us to develop, manufacture and sell products that change the way our customers do business. Our pioneering products perform specific and important functions for our customers, enabling them to offer innovative solutions to the industries that they serve. Our products serve a diverse range of end markets including aerospace and industrial materials, mining and plastics.TRADEMARK NOTICE: The ® indicates a Registered Trademark in the United States and the ™ indicates a trademark in the United States. The mark may also be registered, subject of an application for registration, or a trademark in other countries.All trademarks are the property of their respective owners.Media Contacts
Jodi Allen
Investor Relations
Tel: 1.973.357.3283
jodi.allen@cytec.com
Katherine Vaiente
Global Marketing Communications Manager
Tel: 1.480.730.2310
Katherine.Vaiente@cytec.com
Claire Michel
Industrial Materials Marketing Communications
Tel: 44.1773.766200
claire.michel@cytec.com
