Poway, CA, November 29, 2010 – ALDILA, INC. (OTCQX:ALDA) (PINKSHEETS:ALDA) and 3M announced today the signing of a Mutual Commercialization Agreement and a Product Supply Agreement centered around 3M’s unique Matrix Resins.
“Partnering with a world class organization such as 3M, one of the world’s most innovative companies, is an exciting opportunity for Aldila. We view this as validation of our increasing recognition and capability within the advanced composite materials arena,” said Peter R. Mathewson, Chairman and CEO of Aldila, Inc.
“Aldila’s 15 years of prepreg manufacturing experience and 38 years of experience in the fabrication of composite products gives Aldila a unique insight in the sports and recreation markets,” said Vic Genco, General Manager, 3M Engineered Products and Solutions. “Aldila’s experience and reputation in sports and recreation positions them to be the preferred partner for 3M in a growing market. The potential for 3M Matrix Resin to add new possibilities to Aldila’s extensive product line is very exciting,” Mr. Genco said.
3M Matrix Resin, a proprietary resin technology, enables the production of stronger, lighter, more durable composites. 3M’s proprietary resin technology makes it possible for manufacturers to avoid the traditional tradeoff between toughness/flexibility and stiffness/hardness; instead the resin improves performance properties on both ends of the scale.
“Aldila’s ‘end use’ approach gives our prepreg manufacturing a distinct advantage in understanding composite material fabrication processes, and how the material is utilized by our customers. We are confident 3M Matrix Resin will give us an opportunity to bring something unique to our customers,” Mr. Mathewson said.
Contact:
Scott M. Bier, Vice President, CFO
Sylvia J. Castle, Investor Relations
Aldila, Inc. (858) 513-1801
