Lehigh Technologies Announces Price Increase

ATLANTA, Sept. 14, 2011 /PRNewswire/ -- Lehigh Technologies, a manufacturer of sustainable, micronized rubber powders, announced today a global price increase on its MicroDyne™ and PolyDyne™ products.

An average price increase of seven percent across Lehigh's MicroDyne™ and PolyDyne™ product line is effective as of October 15, 2011, or as contracts allow. This change will help offset increases in a wide range of input costs, fuel costs and general increases in business expenses, such as healthcare and insurance.

"We have absorbed rising input costs throughout the year. This modest increase will compensate for these costs while allowing us to continue offering products at a lower cost than the non-renewable virgin materials we are replacing at same or better performance," said Alan Barton, chief executive officer.

Lehigh Technologies' proprietary manufacturing process takes end-of-life tire and other post-industrial rubber material and "upcycles" it into micron-scale, high quality, sustainable powders that are compatible with customers' existing formulations, making it easy to integrate into new or existing products. This material not only help companies achieve sustainability goals, but also can improve performance attributes such as water resistance, energy savings and flexibility, while delivering significant costs savings over virgin raw materials.

ABOUT LEHIGH TECHNOLOGIES

Lehigh Technologies is a leading green materials manufacturer that turns end-of-life tire materials and other post-industrial rubber into sustainable powders that can be used in a wide range of industrial and consumer applications. Today there are 100 million tires manufactured containing its products. Lehigh Technologies is a World Economic Forum 2010 recipient of The Technology Pioneer Award for its visionary leadership and transformational technology. Headquartered in Tucker, GA, Lehigh Technologies is privately held and backed by Kleiner Perkins Caufield & Byers, Index Ventures and NGP Energy Technology Partners. For more information, please visit www.lehightechnologies.com.

SOURCE Lehigh Technologies