Partnerships In Technology and Innovation

Developing a Styrene-Free Resin Alternative For Genuine Lucite® Acrylic Sheet Reinforcement

The Partnership

Mission or Goal To bring to the Composite Industry a truly revolutionary Styrene-free, 100% solids polyurethane (PU) resin that is of equal or greater strength than existing filled polyester resin systems and may be used to reinforce both Genuine Lucite® BB (Better Bond) monolithic acrylic sheets and Lucite® Xtra™, co-laminated sheets.

Strategy

Partnerships

Status

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Strategy

TSE™ & LUCITE® Strategies TSE™

– Formulate a 100% solids PU resin that either matches or exceeds polyester resins in both physical properties and adhesion to Genuine Lucite® sheet

– Tailor the application equipment, process, and resin to be as close to a FRP “drop-in” as possible

Lucite® – Formulate monolithic cast acrylic sheet that yields improved

adhesion to TSE-EcoSpray® polyurethane resins Together

– Form PARTNERSHIPS to test, refine, and validate all technologies

Partnerships

MVP

Fanuc

Lucite International

TSE Industries

PPG

PSA/ Lauterbach

ADI

The Partnership

What We Do & Who We Serve More than 50% of the world’s acrylic baths and spas are made from Lucite® cast acrylic. Lucite is continuing to invest in the future and remains focused on being the reliable, cost-competitive and quality solution provider to the bathroom and spa sector. PPG Fiber Glass is an industry leader serving customers worldwide through nine manufacturing sites and a network of local sales and technical-support professionals. As part of PPG Industries - also a global supplier of coatings, glass and chemicals – they offer broad capabilities and solutions to help customers unlock their potential. Magnum Venus Plastech ® is the leading supplier of FRP equipment in North America and is recognized around the world for engineering excellence. They are committed to leading the way in innovation and to supply the most innovative technology on the market. FANUC Robotics America, Inc. is the leading supplier of robotic automation in the Americas. And, is known world-wide for their reliable products and superior customer support. Applied Dehumidification, Inc is a manufacturer's representative for Dehumidification equipment. Since 1997, Applied Dehumidification, Inc has developed into one of the premier HVAC representatives in Western Florida.

What We Do & Who We Serve

TSE Industries, Inc. is a premier supplier of polyurethane manufacturing services and polyurethane finished goods for the coatings, adhesives, sealants and elastomer markets. Our world class manufacturing facility is ISO 9001 certified and operates at standards above those required by QS 9000. We are the largest manufacturer of reactive hot melt adhesives, millable polyurethane gum, and dimerized TDI in the world. We specialize in polyurethane formulating and since 2004 have focused on pioneering high modulus 2 part polyurethane systems for use in the composite markets.

Pacific Sales Associates and Lauterbach, Ltd. are highly respected manufacturer’s representatives to the jetted tub, pool and spa industries. Their sales team has a combined total of over 50 years of extensive manufacturing experience. They are committed to bringing the most innovative products to their customers and to assist manufacturers with expanding their product line and their company goals.

Status

The Next Generation of “Green” Manufacturing Materials for the Spa and Bathware Industries

• Lucite’s Patented Lucite® BB Acrylic Sheet

• TSE’s Patent Pending TSE-EcoSpray® Polyurethane Resin

Key Features for TSE-EcoSpray® & Lucite®BB

• Chemical Adhesion to Lucite’s Patented Lucite® BB Monolithic Cast Acrylic Sheet and Lucite® Xtra™ Co-laminated Sheet

• Comparable Tensile, Flexural, Impact, Tg properties vs. Vinyl Ester/Styrene Ester laminates

• “Ultra-Low” emitting resin during spray application • ANSI Z-124 Certification • Ready-to-use, flame retardant polyurethane resin • Low Exotherm < 140 ºF • Neat / Chop build schedule reduces rolling and labor • No Shrink

Key Benefits TSE-EcoSpray® & Lucite®BB

• Styrene Free - eliminates Title 5 Permits - eliminates employee exposure to styrene monomer & MEKP - eliminates process area & fence line odors • Non-flammable – reduces risk of fires • Lighter Weight Parts ~ 15% reduction • Faster processing with less WIP and space • Can be used with both Lucite® BB Cast Acrylic and

Lucite® Xtra™ Co-laminated sheets

Tensile Strength

Tensile Modulus

Flexural Strength

Flexural Modulus

Impact (Notched) Tg

TSE TSE-EcoSpray® 7,740 PSI 930K PSI 11,520 PSI 828K PSI 0.40ft-lb/in 201°F

ISOTEC®

ACRYLOBOND® TP-1155-4

4,000 PSI 8,500 PSI 374K PSI

ISOTEC®

ACRYLOBOND® DR- 03-130-1

4,450 PSI 11,439 PSI 513K PSI

BASF® Elastocast 70736R

4,725 PSI 6,772 PSI 232K PSI 0.43ft-lb/in

PU Competitive Comparison: NEAT RESINS

Note: Results are for resin without glass and with a fast setting gel time. Competitive results are from technical literature from each supplier. See end of presentation for Trademark information.

Filled Polyester

Tensile 39-51 MPa Ten. Mod. 7-7.9K MPa Flexural 81-107 MPa Flex. Mod. 6-7.6K MPa Impact Notched 24 Kj/m2 Unnothced 31 Kj/m2

Tg 95°C HDT 164°C

TSE-EcoSpray®

Tensile 50 MPa Ten. Mod. 7,680 MPa Flexural 98 MPa Flex. Mod. 6,280 MPa Impact Notched 27 Kj/m2 Unnothced 37 Kj/m2

Tg 138°C HDT 233°C

Physical Property

Comparison

TSE PU versus Filled Polyester (W/CHOPPED GLASS)

GENUINE LUCITE® LUCITE® BB LUCITE® Xtra™

TSE-EcoSpray® (Neat/Chop)

1,995 PSI 100% Adhesive

2,329 PSI 0% Adhesive

2,174 PSI 10% Adhesive

Filled Polyester (Chop) (~48%)

1,245 PSI 70% Adhesive

N/A N/A

Vinyl Ester/Polyester (Chop)

1,054-1,321 PSI 0% to 20% Adhesive

N/A N/A

Adhesion to Acrylic (ASTM C297)

Adhesion to Lucite®BB (ASTM C297)

100% Cohesive Failure in Laminate >2,300 PSI

100% Cohesive Failure in Substrate >2,100 PSI

GENUINE LUCITE® LUCITE® BB LUCITE® Xtra™

TSE-EcoSpray® (Neat/ Chop)

3,100 PSI Adhesive

4,190 PSI Cohesive

3,650 PSI Cohesive

Adhesion to Acrylic (MIL P 25690B)

Adhesion to Lucite®BB (MIL P 25690B)

100% Cohesive Failure in Laminate >4,100 PSI

TSE-EcoSpray® Neat Resin Application

In-Process Photos

TSE-EcoSpray® Resin with Glass Roving Application

MVP DUO Spray Equipment

MVP Pro Spray Gun with Chopper

Application Equipment

Non Atomizing Spray Technology

In Closing • TSE’s PU resin provides an alternative backing technology

that provides an “environmentally preferred” solution without sacrificing the fundamental properties required to insure the highest quality finished product, such as: adhesion, tensile, flexural, and Tg.

• TSE™ and Lucite® are committed to helping those organizations that truly want and/or need to convert from their current resin system to TSE’s 100% solids, styrene-free polyurethane resin and either Lucite® BB (monolithic acrylic) or Lucite® Xtra™ (co-laminated sheet).

In Closing (continued)

• With the commitment and leadership from Spa and Bathware companies' to convert to an environmentally preferred solution, together with TSE-EcoSpray® resin and LUCITE® BB or LUCITE® Xtra™, we can and will:

• prevent styrene monomer exposure to our work force and surrounding communities

• eliminate the need for incinerators & pollution abatement associated with spraying styrenated resins

• avoid the need to transfer FRP production away from the US as styrene emission and workplace exposure limits continue to be tightened, which will help protect North American jobs in the spa and bathware industries

TSE INDUSTRIES, INC.

5260 113th Avenue North, Clearwater, Florida 33760 800-237-7634 – FAX 727-572-0415 www.tse-Industries.com

Composite Business Development Manager Mike Raday

727-540-1322 757-510-2655 cell

Mike.Raday@tse-Industries.com

VP SPECIALTY CHEMICALS DIVISION Tony Rindone 727-540-1310

757-698-5031 cell Tony.Rindone@tse-Industries.com

http://www.tse-industries.com/SpecChemMain.asp TSE™ Is a Trademark of TSE Industries, nc. LUCITE® is a registered trademark of Lucite International, Inc. Corporation ISOTEC® and ACRYLOBOND® are registered trademarks of ISOTEC International, Inc. BASF® is a registered trademark of BASF Aktiengesellschaft Magnum Venus Plastech® is a registered trademark of GSSC, Inc.