• Joint Development Agreement signed in November 2019 progresses to a strategic partnership
• Nanomaterials to enhance high-performance tires, conductive plastics, novel coatings, and next-generation batteries

Mumbai, India & Marietta, USA – September 29, 2020 – Birla Carbon, a leading global manufacturer and supplier of carbon black, and CHASM Advanced Materials Inc., a leading developer, and manufacturer of proprietary advanced materials hybridized at the nanoscale, have elevated their joint development agreement into a strategic partnership to commercialize novel nanomaterials to benefit various market segments including high-performance tires, conductive plastics, novel coatings, and next-generation batteries.

Announcing Birla Carbon’s strategic investment in CHASM, Dr. Santrupt B. Misra, Chief Executive Officer, Birla Carbon, Director, Chemicals, and Director, Group Human Resources, Aditya Birla Group, said, “We are proud to become a strategic technology partner to CHASM, building on our ongoing joint development agreement. Birla Carbon’s investment will drive the commercialization of NTeC™ nanomaterials, strengthening our ties with CHASM and securing the future of this game-changing technology”. He further added, “This partnership is an excellent example of how Birla Carbon ‘Shares the Strength’, by strategically investing in the future of the industry.”

“Since formalizing our initial agreement with Birla Carbon under a year ago, both companies together have overcome technical hurdles to advance NTeC technology from lab-scale feasibility to a repeatable and scalable pilot-scale process capable of producing kilogram-scale quantities of a variety of NTeC compositions.  We’re excited to continue building on our already strong partnership, driving NTeC’s next phase of commercialization and broad market adoption.” stated David Arthur, CHASM, Chief Executive Officer and Co-founder.

Birla Carbon and CHASM announced a joint development agreement in November 2019 to develop novel, hybrid nanomaterials that combine CHASM’s nanotube enhanced carbon (NTeC) technology with Birla Carbon’s expertise in commercialization and manufacturing. The success of this joint development has led to Birla Carbon making the strategic investment in CHASM. The collaboration is ultimately aimed at driving sustainable, innovative solutions to address customer, consumer, and industry needs.

About Birla Carbon

Birla Carbon is a leading global supplier of carbon black. As one of the flagship businesses of the leading Indian multinational conglomerate, the Aditya Birla Group, Birla Carbon provides innovative sustainable carbon black solutions that enhance the performance of paints and coatings, inks and toners, plastics, adhesives, sealants, textile fibers, mechanical rubber goods, and tires. The company’s footprint extends across 12 countries with 16 manufacturing facilities and two state-of-the-art technology centers in Marietta (USA) and Taloja (India), providing industry-leading innovation. Its Sustainable Operational Excellence (SOE) strategy focuses on employee safety, environmental stewardship, efficient use of carbon sources, and operating in a socially and ethically responsible manner. For more information, visit www.birlacarbon.com, or follow us on Twitter, LinkedIn, Facebook, or Instagram.

About CHASM Advanced Materials Inc.

CHASM Advanced Materials, Inc. propels cutting edge product innovations through advanced materials hybridized at the nanoscale to exceed the design limitations imposed by existing materials.  Leading companies across multiple industries have fueled next-generation product innovations using AgeNT™ for transparent flexible printed electronics, NTeC™ for battery, coating, or performance additives, and Signis™ for touch buttons and sensor with superior environmental stability. For more information, visit www.chasmtek.com, or follow us on Twitter, LinkedIn, Facebook, or Instagram.

For more information, please contact: