Ball Licenses Plastic Oxygen Barrier Technology to INVISTA
July 30 2008 - 10:00AM
PR Newswire (US)
BROOMFIELD, Colo., July 30 /PRNewswire-FirstCall/ -- Ball
Corporation (NYSE:BLL) has granted a license under its oxygen
scavenger patents to INVISTA, a leader in PET barrier packaging and
producer of PolyShield(R) barrier resins. "Ball develops and
utilizes a variety of barrier technologies to provide enhanced
packaging solutions for food and beverage products," said Mike
Vaughn, vice president, packaging innovation, Ball Corporation.
"This agreement represents our willingness and ability to make this
technology available to others." PolyShield(R) resins are modified
PET copolymers that provide active oxygen barrier, carbonation
retention and clarity in colored monolayer containers when blended
with up to five percent MXD6 at the preform injection machine.
Containers made from PolyShield(R) resin/MXD6 blends have been
shown to effectively and reliably protect oxygen sensitive foods
such as beer, wine and juice in commercial applications around the
world. INVISTA is one of the world's largest integrated fibers and
polymers businesses with a global presence. The company delivers
exceptional value for customers through market insight, technology
innovations, and a powerful portfolio of some of the most
recognized global brands and trademarks in their respective
industries. Built on a heritage of innovation, INVISTA owns more
than 700 unique pending or granted U.S. patents, with corresponding
patents in almost all of the countries where INVISTA has a business
presence. INVISTA is a wholly owned subsidiary of Koch Industries,
Inc., Wichita, Kan. Ball Corporation is a supplier of high-quality
metal and plastic packaging products for beverage, food and
household customers, and of aerospace and other technologies and
services, primarily for the U.S. government. Ball Corporation and
its subsidiaries employ more than 15,500 people worldwide and
reported 2007 sales of $7.4 billion. Forward-Looking Statements
This release contains "forward-looking" statements concerning
future events and financial performance. Words such as "expects,"
"anticipates," "estimates" and similar expressions are intended to
identify forward-looking statements. Such statements are subject to
risks and uncertainties which could cause actual results to differ
materially from those expressed or implied. The company undertakes
no obligation to publicly update or revise any forward- looking
statements, whether as a result of new information, future events
or otherwise. Key risks and uncertainties are summarized in filings
with the Securities and Exchange Commission, including Exhibit 99.2
in our Form 10-K, which are available at our Web site and at
http://www.sec.gov/. Factors that might affect our packaging
segments include fluctuation in product demand and preferences;
availability and cost of raw materials, including recent
significant increases in resin, steel, aluminum and energy costs,
and the ability to pass such increases on to customers; competitive
packaging availability, pricing and substitution; changes in
climate and weather; crop yields; competitive activity; failure to
achieve anticipated productivity improvements or production cost
reductions, including our beverage can end project; mandatory
deposit or other restrictive packaging laws; changes in major
customer or supplier contracts or loss of a major customer or
supplier; and changes in foreign exchange rates, tax rates and
activities of foreign subsidiaries. Factors that might affect our
aerospace segment include: funding, authorization, availability and
returns of government and commercial contracts; and delays,
extensions and technical uncertainties affecting segment contracts.
Factors that might affect the company as a whole include those
listed plus: accounting changes; changes in senior management; the
current global credit squeeze; successful or unsuccessful
acquisitions, joint ventures or divestitures; integration of
recently acquired businesses; regulatory action or laws including
tax, environmental, health and workplace safety, including in
respect of chemicals or substances used in raw materials or in the
manufacturing process; governmental investigations; technological
developments and innovations; goodwill impairment; antitrust,
patent and other litigation; strikes; labor cost changes; rates of
return projected and earned on assets of the company's defined
benefit retirement plans; pension changes; reduced cash flow;
interest rates affecting our debt; and changes to unaudited results
due to statutory audits or other effects. DATASOURCE: Ball
Corporation CONTACT: Investors, Ann. T. Scott, +1-303-460-3537, ,
or Media, Jennifer Hoover, +1-303-460-5541, , both of Ball
Corporation Web site: http://www.ball.com/
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