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For Immediate Release
Thursday - April 02, 2009
Bayer MaterialScience LLC materials and technologies help drive burgeoning alternative energy vehicle market
Strategic cooperation with Velozzi underscores Bayer MaterialScience’s commitment to commercially viable, eco-friendly vehicles

Pittsburgh, April 2, 2009 — Bayer MaterialScience LLC (BMS) is joining the race to deliver commercially viable, eco-friendly alternative energy vehicles (AEVs) by applying its materials, technologies and expertise to this burgeoning market. In a demonstration of its commitment to the AEV market, BMS announced today a strategic collaboration with Velozzi, a start-up automotive OEM.

Working together with Velozzi as a participant in the Progressive Automotive X Prize (AXP) competition, BMS is helping to facilitate the journey to the ultimate destination: taking AEVs from concept cars to the showroom floor. The timing is opportune, as global pressures mount to create a new generation of super-efficient vehicles.

“BMS is committed to the AEV market and has a deep understanding of the role innovative materials play from concept through commercialization,” said David Loren, market lead, PCS Group, BMS.  “We are actively seeking collaborations with suppliers and OEMs to help them navigate through the complex AEV challenges such as vehicle weight and manufacturability,” Loren added.

Paul Platte, innovation manager, New Business Group, BMS, noted, “Beyond representing our commitment to AEV innovation, this collaboration also aligns well with Bayer’s global sustainability initiatives in the areas of reducing energy consumption and emissions.”
 
BMS supports both traditional and non-traditional OEMs, such as Velozzi, with high-performance materials including plastics, polyurethanes, carbon nanotubes, coatings, adhesives and sealants to create low-weight, high-efficiency AEVs. Velozzi is designing multiple lightweight, plug-in, multi-fuel hybrid electric vehicles that will utilize a number of materials and application technologies from BMS.

“Collaborating with BMS brings us a world of possibilities on the road to consumer acceptance,” said Roberto Velozzi, Velozzi CEO. “With the broad selection of innovative materials and technologies BMS offers, we can produce a vehicle that not only appeals to consumers’ desire for fuel economy, but also their sense of style.” Velozzi added that many BMS materials require a low initial capital investment, making the move into mass production cost effective. 

Loren points out that, in addition to the materials used, another key differentiator between AEVs and traditional automobiles is the innovative manner in which these materials are incorporated into the vehicles themselves to achieve the unique demands of this market.

“Any way you look at it, the AEV market represents a paradigm shift that impacts all aspects of vehicle design and production,” explains Loren. “As a leader in innovation and high-tech materials, BMS is well positioned to work with OEMs to ‘reinvent’ the traditional approach and, in turn, pave the way for broad AEV availability and acceptance.”

Bayer MaterialScience LLC is one of the leading producers of polymers and high-performance plastics in North America and is part of the global Bayer MaterialScience business with nearly 15,100 employees at 30 sites around the world and 2008 sales of 9.7 billion euros. Business activities are focused on the manufacture of high-tech polymer materials and the development of innovative solutions for products used in many areas of daily life. The main segments served are the automotive, electrical and electronics, construction, medical, and sports and leisure industries.

Bayer Corporation, headquartered in Pittsburgh, is a subsidiary of Bayer AG, an international health care, nutrition and high-tech materials group based in Leverkusen, Germany. In North America, Bayer had 2008 net sales of approximately 8 billion euros (about $12 billion) and employed 17,000 at year end. Bayer’s three subgroups, Bayer HealthCare, Bayer CropScience and Bayer MaterialScience, improve people’s lives through a broad range of essential products that help diagnose, prevent and treat diseases; protect crops and enhance yields; and advance automobile safety and durability.  For more information, go to www.bayerus.com.

Contact:
Sean Kelly, Phone: 412-777-5200
E-mail: sean.kelly@bayerbms.com

For more information about BMS materials, call 1-800-662-2927, e-mail naftainfo@bayerbms.com or visit www.bayermaterialsciencenafta.com.

For more information about Velozzi, visit www.velozzi.org or e-mail velozzi@velozzi.org.


Bayer MaterialScience LLC and Velozzi are teaming up to deliver commercially viable eco-friendly alternative energy vehicles (AEVs). These vehicles, which will feature innovative materials and technologies from BMS, are meant to appeal to consumers’ desire for fuel economy, as well as their sense of style.
Forward-Looking Statement
This news release may contain forward-looking statements based on current assumptions and forecasts made by Bayer Group or subgroup management. Various known and unknown risks, uncertainties and other factors could lead to material differences between the actual future results, financial situation, development or performance of the company and the estimates given here. These factors include those discussed in Bayer’s public reports which are available on the Bayer website at www.bayer.com. The company assumes no liability whatsoever to update these forward-looking statements or to conform them to future events or developments.
Media Contact(s)
Name:Sean Kelly
Phone:412-777-5200
Company:Bayer MaterialScience
Email:sean.kelly@bayerbms.com


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