Chemours Receives Industry Award and Launches New Nafion Membrane for Fuel Cells

PRNewswire 2-Apr-2019 9:50 AM

WILMINGTON, Del., April 2, 2019 /PRNewswire/ -- The Chemours Company ("Chemours") (NYSE:CC), a global chemistry company with leading market positions in fluoroproducts, titanium technologies, and chemical solutions, received the Fuel Cell PEM Special Contribution Award during the 9th edition of China International New Energy & Intelligent Vehicle Forum 2019 held in Anting, Shanghai. The city of Anting is a key center for the automotive industry in China. The award honors Chemours and the significant contributions of its Nafion™ ion-exchange membranes to the new energy vehicle industry. The judging panel included representatives from the Electric Vehicle Association of Asia Pacific, new energy vehicle original equipment manufacturers (OEMs), and the Anting government.

The world's energy system is undergoing a huge transformation. As a consequence of climate change and a growing population, demand for clean energy has skyrocketed around the globe. Many countries and businesses are now pursuing alternative, cleaner ways of generating, storing, and using energy, such as through smart grid, fuel cell, and flow-battery technologies. This call for alternative energy solutions requires fuel-cell engine manufacturers, vehicle OEMs, powertrain companies, charging and energy storage producers, and companies like Chemours to collaborate and innovate in pursuit of sustainable solutions. 

For more than 50 years the fluoropolymer business within Chemours has been synonymous with industry-leading innovation in fuel-cell membranes and ion-exchange technology to meet the evolving needs of its customers. As the inventor of the ion exchange membrane, Chemours is committed to developing high-performing products, ensuring stable supply for customers, and helping the energy generation industry keep pace with a rapidly changing world.

The Nafion™ product line is the industry standard for ion-exchange membranes, providing superior chemical stability, thermostability, durability, and mechanical strength. Nafion™ ion-exchange membranes are uniquely positioned to address emerging energy-generation applications. This innovation continues today with the launch of its newest development in ion-exchange membranes, which is used for various applications, including fuel cells, water electrolyzers, and flow batteries.

The new Nafion™ NC700 membrane is reinforced with improved chemical durability and offers major productivity improvements at a competitive price. The membrane has a host of mobility applications, including passenger cars, buses, trucks, and forklifts. Chemours' newest generation of Nafion™ membrane, NC700, will be available globally in May 2019.

"I am delighted to receive this prestigious award on behalf of Chemours. We are proud of the many contributions our Nafion™ membranes have made to cleaner and more sustainable energy solutions," said Mark Vergnano, president and CEO of Chemours. "The energy market is a key growth area for Chemours, and we are committed to partnering with the new energy vehicle industry to continue to deliver innovative solutions that address the needs of today and the challenges of tomorrow," he added.

About The Chemours Company
The Chemours Company (NYSE:CC) helps create a colorful, capable and cleaner world through the power of chemistry. Chemours is a global leader in fluoroproducts, chemical solutions, and titanium technologies, providing its customers with solutions in a wide range of industries with market-defining products, application expertise and chemistry-based innovations. Chemours ingredients are found in refrigeration and air conditioning, mining and general industrial manufacturing, plastics and coatings. Our flagship products include prominent brands such as Teflon™, Ti-Pure™, Krytox™, Viton™, Opteon™, Freon™ and Nafion™. Chemours has approximately 7,000 employees and 28 manufacturing sites serving approximately 3,700 customers in North America, Latin America, Asia-Pacific and Europe. Chemours is headquartered in Wilmington, Delaware and is listed on the NYSE under the symbol CC.  For more information please visit chemours.com, or follow us on Twitter @Chemours, or LinkedIn. 

Forward-Looking Statements 
This press release contains forward-looking statements, within the meaning of the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995, which involve risks and uncertainties. Forward-looking statements provide current expectations of future events based on certain assumptions and include any statement that does not directly relate to a historical or current fact. The words "believe," "expect," "will," "anticipate," "plan," "estimate," "target," "project" and similar expressions, among others, generally identify "forward-looking statements," which speak only as of the date such statements were made. These forward-looking statements may address, among other things, the outcome or resolution of any pending or future environmental liabilities, the commencement, outcome or resolution of any regulatory inquiry, investigation or proceeding, the initiation, outcome or settlement of any litigation, changes in environmental regulations in the U.S. or other jurisdictions that affect demand for or adoption of our products, anticipated future operating and financial performance, business plans, prospects, targets, goals and commitments, capital investments and projects, plans for dividends or share repurchases, sufficiency or longevity of intellectual property protection, cost savings targets, plans to increase profitability and growth, our ability to make acquisitions, integrate acquired businesses or assets into our operations, and achieve anticipated synergies or cost savings, and our outlook for net sales, Adjusted EBITDA, Adjusted EPS, Free Cash Flow, Effective Tax Rate, and Return on Invested Capital (ROIC), all of which are subject to substantial risks and uncertainties that could cause actual results to differ materially from those expressed or implied by such statements. Forward-looking statements are based on certain assumptions and expectations of future events that may not be accurate or realized. These statements are not guarantees of future performance. Forward-looking statements also involve risks and uncertainties that are beyond Chemours' control. Additionally, there may be other risks and uncertainties that Chemours is unable to identify at this time or that Chemours does not currently expect to have a material impact on its business. Factors that could cause or contribute to these differences include the risks, uncertainties and other factors discussed in our filings with the U.S. Securities and Exchange Commission, including in our Annual Report on Form 10-K for the year ended December 31, 2018. Chemours assumes no obligation to revise or update any forward-looking statement for any reason, except as required by law.

CONTACT:

NEWS MEDIA 
Cynthia Salitsky
Director, Fluoroproducts Communications
+1.302.773.3283
media@chemours.com  

INVESTORS 
Jonathan Lock 
VP, Corporate Development and Investor Relations 
+1.302.773.2263 
investor@chemours.com 

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SOURCE The Chemours Company