ROTTERDAM, Netherlands–(BUSINESS WIRE)–Parx
Plastics NV (Euronext: MLPRX) has finalized the structuring
of a separate entity to market antimicrobial technologies for silicone
materials.

Silaritiy
NV, a Dutch entity founded in 2017, becomes part of Parx
Plastics NV after a restructuring of the shares in Silarity. Parx
Plastics acquired a majority of the shares in Silarity. Silarity is
dedicated to manage, market and sale bio-derived technologies for
silicone materials starting with antimicrobial technologies based on or
derived from the Parx Plastics patents and knowhow.

The unique technology developed by Parx Plastics makes use of a
biocompatible bodies own trace-element improving the materials
mechanical/physical properties making it more resistant to bacteria. By
preventing bacteria and biofilm adhesion and proliferation an
antimicrobial performance is obtained by 99.9% measured according to ISO
22196. Preventing adhesion keeps the surface of the product cleaner and
more hygienic. It can also prevent discoloration, bad smell and in the
end, improve the lifespan of the overall product.

INDUSTRIAL TESTING

With the antimicrobial technology for Liquid Silicone Rubber (LSR)
moving towards the next trials in industrial scale application the
launch of this material comes in-sight. The testing is performed with a
large OEM manufacturer of silicone products. This party sees good
opportunities with the technology in their products and therfor has
co-invested in this development. Tests are expected to last throughout
the remainder of 2019.

LSR is a high purity platinum cured silicone with low compression set,
great stability and ability to resist extreme temperatures of heat and
cold ideally suitable for production of parts, where high quality is a
must. Chemically, silicone rubber is a family of thermoset elastomers
that have a backbone of alternating silicon and oxygen atoms and methyl
or vinyl side groups. Silicone rubbers maintain their mechanical
properties over a wide range of temperatures and the presence of
methyl-groups in silicone rubbers makes these materials extremely
hydrophobic. By adding an improved hygiene to the material that often
comes in contact with human skin, food or water is adding value and
additional safety to the end product.

Typical applications for liquid silicone rubber are products that
require high precision such as seals, sealing membranes, infant products
where smooth surfaces are desired, such as bottle nipples, medical
applications as well as kitchen goods such as baking pans, spatulas, etc.

The global LSR market is projected to reach USD 3.82 Billion by 2026 at
a CAGR of 8.3% from 2016 to 2026. The mayor players in this field are
Dow Corning (U.S.), Wacker Chemie AG (Germany), Shin-Etsu (Japan),
Bluestar Silicones (France), and Momentive Performance Materials (U.S.).

Statement Regarding Forward-Looking Information

This press release contains forward-looking statements and information
that are based on the beliefs of management and reflect the Company’s
current expectations. When used in this press release, the words
“estimate”, “project”, “belief”, “anticipate”, “intend”, “expect”,
“plan”, “predict”, “may” or “should” and the negative of these words or
such variations thereon or comparable terminology are intended to
identify forward-looking statements and information. The forward-looking
statements and information in this press release includes information
relating to the engagement of Parx Plastics and the consideration
payable to Parx Plastics. Such statements and information reflect the
current view of the Company. Risks and uncertainties that may cause
actual results to differ materially from those contemplated in those
forward-looking statements and information.

By their nature, forward-looking statements involve known and unknown
risks, uncertainties and other factors which may cause our actual
results, performance or achievements, or other future events, to be
materially different from any future results, performance or
achievements expressed or implied by such forward-looking statements.

Contacts

CEO Michael Van der Jagt
Parx Plastics NV
Groot
Handelsgebouw
Stationsplein 45, Unit A4.004
3013 AK Rotterdam
The
Netherlands

press@parxplastics.com
tel:
+31 (0)10 34 000 95
www.parxplastics.com

Silarity NV
Rotterdam
The Netherlands
hello@silarity.com
www.silarity.com