Borealis Selects Symyx Software and Tools to Maximize Return on New R&D Investments
SANTA CLARA, Calif.–(BUSINESS WIRE)–Symyx Technologies, Inc. (Nasdaq:SMMX) today announced that Borealis, a leading provider of innovative, value creating plastics solutions, has selected Symyx Software and Tools as part of a strategic plan to maximize the return on research and development investments. Borealis and Symyx will work together to bring Symyx scientific software and R&D workflows into Borealis laboratory facilities around the world. Symyx Software will become standard within Borealis R&D for design, execution and analysis of experimentation and laboratory operations, data and instrument management.
The agreement involves all of Borealis InnoTech (Borealis’s multi-site R&D organization) and a range of Symyx Software, Tools and services. Terms of the deal include:
- the implementation of Symyx Software to support both high-throughput research and conventional research methodologies.
- the delivery of a Symyx Tools Parallel Pressure Reactor (PPR) workflow for Borealis’s Innovation Centre in Porvoo (Finland) and
- a joint technology development program for a polymer development system at Borealis’s Innovation Centre in Linz (Austria).
“By deploying Symyx Software and Tools, we will enhance our ability to deliver innovative, high quality polyolefin plastics in a more timely and cost-effective manner,” said Borealis Vice President for Innovation and Technology Wim Roels. “This advancement supports our goal of accelerating the time-to-market of new products while strengthening our leadership position in the infrastructure, automotive and advanced packaging markets. We look forward to a productive and rewarding relationship with Symyx.”
Isy Goldwasser, CEO of Symyx Technologies, Inc., commented, “We are very pleased that Borealis has selected Symyx Software and Tools to maximize return on its new R&D investments. Borealis’s strong commitment to innovation will be supported by our proven technology, and we look forward to working with them long-term as business partners.”
About Borealis
Borealis is a leading provider of innovative, value creating plastics solutions. With more than 40 years of experience in polyolefins and using our unique Borstar® technology, we focus on the infrastructure, automotive and advanced packaging markets across Europe, the Middle East and Asia. Our production facilities, innovation centres and service centres work with customers in more than 120 countries to provide materials that make an essential contribution to society and sustainable development. We are committed to the principles of Responsible Care® and to leading the way in ‘Shaping the Future with Plastics’™.
About Symyx
Symyx Technologies, Inc. is an R&D execution partner to the life sciences, chemicals, energy, consumer products and electronics industries. Symyx provides electronic lab notebook and scientific decision-support software, automated lab systems (workflows) and collaborative research services to improve R&D productivity. In October 2007, Symyx acquired MDL Information Systems, Inc., a leading provider of innovative informatics software, databases and services that accelerate successful scientific R&D by improving the speed and quality of scientists’ decision making. Information about Symyx, including reports and other information filed by Symyx with the Securities and Exchange Commission, is available at www.symyx.com.
The statements contained in this release that are not historical are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, including, without limitation, statements regarding deliveries and the range of deployment of Symyx Tools and Software. These forward-looking statements involve risks, uncertainties and assumptions, including: (1) failure to execute under existing contracts in order to recognize committed revenue as planned; (2) inaccurate assessment of demand for Symyx’s offerings or failure to close new contracts as forecasted; and (3) other risks we describe in our filings with the Securities and Exchange Commission (including but not limited to Symyx’s quarterly report on Form 10-Q for the quarter ended June 30, 2007). If any of these risks or uncertainties materialize or any of the assumptions prove incorrect, Symyx’s results could differ materially and adversely from Symyx’s expectations in these statements. Symyx assumes no obligation, and does not intend, to update these forward-looking statements except as the law may require.
Symyx, MDL, Symyx Tools and Symyx Software are registered trademarks of Symyx Technologies, Inc. Borealis, InnoTech and Borouge are registered trademarks of Borealis. All rights reserved.
