Polyram Signs Licensing Agreement with Eastman Chemical Company

17 February, 2009

Polyram Receives Rights to Use Eastman Proprietary Technology
on Maleated Polypropylene

Moshav Ram-On, Israel - January 10, 2009 - Polyram, Israel's leading manufacturer of engineering thermoplastic compounds, announced it has signed a licensing agreement with Eastman Chemical Company (NYSE: EMN) of Kingsport, Tennessee (USA) for the rights to use their proprietary technology related to the production of maleated polypropylene (MAPP).

This agreement, conducted with the assistance of Mark Dollinger of Trendlines America, allows Polyram to use the statement "Made under patent licensed from Eastman Chemical Company" on specific MAPP products distributed in North America and selected European countries.  "Our relationship with Eastman Chemical represents an opportunity to extend our product offering within our successful Bondyram® line," states Ziv Herling, global manager for Bondyram®.

Bondyram is a family of modified polymers used as coupling agents, impact modifiers, compatibilizers, and adhesive resins.  

"In today's competitive marketplace, our relationship with Eastman Chemical positions Polyram as one of the leading suppliers of MAPP in North America and Europe because we can produce and market Bondyram® according to Eastman's patented technology. This adds to our extensive range of products," explains Herling.

About Polyram

Polyram (http://www.polyram.co.il) is Israel's leading manufacturer of engineering thermoplastic compounds for the automotive, electrical, irrigation, D.I.Y.P., and construction industries. The company markets its products under a number of brands, including PlusTek Polyamides, Polytron® - Long Glass Fiber Polymers, RamShine Styrene Compounds, RamOfin Polypropylene, RamTough Polycarbonate, Metal Cap, and BondyRam® - Coupling Agents.

Polyram supplies standard and customized thermoplastics in combinations of glass fibers, glass beads, and mineral fillers. The compounds are flame retardant, impact modified, heat stabilized, hydrolysis resistant, and UV stabilized. Polyram conforms to quality control standards such as ISO/TS16949, the internationally recognized standard of the automotive industry; NSF-61 & WRAS drinking water standards; and UL94 flammability standard.

Established in 1986, Polyram is a public company with headquarters located on Moshav Ram-On, Israel. The company has offices in the United States, United Kingdom, China, and France.

About Eastman Chemical Company

Eastman Chemical Company (http://www.eastman.com) manufactures and markets more than 1,200 chemical, fibers and plastics products worldwide. The company provides key differentiated coatings, adhesives and specialty plastics products; is a major supplier of cellulose acetate fibers; and produces PET polymers for packaging. Eastman products can be found in everything from food packaging and personal care products to fabric and home furnishings, to house and auto paint, to the plastics in bicycle helmets.

Founded in 1920 and headquartered in Kingsport, Tennessee, Eastman is a FORTUNE 500 company with 2007 sales of $6.8 billion and approximately 10,500 employees. The company has offices in the Netherlands, Japan, and Singapore.

For information, contact:

Ziv Herling, global manager for Bondyram^®
Tel: +972.4.659.9900
Mobile: +972.50.764.2692
E-mail: ziv@polyram.co.il

Mark Dollinger, marketing consultant
Tel: +1.913.208.9121
Mobile: 1.913.317.8788
E-mail: mark@trendlines.com

Betty Payne, corporate communications

Tel: +1.423.229.4965

E-mail: bpayne@eastman.com