Birla Carbon and CHASM Advanced Materials Enter Joint Development Agreement to Develop Nanotube Enhanced Carbons

Hybrids of Carbon Nanotubes with Existing Substrates Leads to New,
Scalable Nanomaterials for a Wide Variety of End-Markets.

Mumbai, India & Marietta, USA – November 18, 2019 – Birla Carbon, a leading global
manufacturer and supplier of carbon black, and CHASM Advanced Materials Inc., a
leading developer and manufacturer of printed electronics materials and battery
materials, based on proprietary carbon nanotube and ink/coating technologies, are joining
forces to accelerate the discovery and development of novel nanomaterials to benefit
various market segments including high-performance tires, novel coatings and next-
generation batteries.

Sharing his views, Dr. Santrupt B. Misra, Chief Executive Officer, Birla Carbon, Director,
Chemicals and Director, Group Human Resources, Aditya Birla Group said, “We are very
excited to have the opportunity to collaborate with CHASM Advanced Materials. The
combination of CHASM’s expertise in nanotube enhancement and our deep knowledge
of carbon substrates and applications offers us the chance to rapidly advance our
understanding of these high-performance, scalable nanomaterials.”

“As one of the world’s leading producers of engineered nanomaterials, CHASM looks
forward to collaborating with Birla Carbon, who offer us faster access to customers and
markets. Their experience with large-scale manufacturing of engineered nanomaterials is
outstanding”, stated David Arthur, CHASM, Chief Executive Officer and Co-founder.

Through this joint development agreement, the two companies will share research and
engineering resources to develop and manufacture hybrid nanomaterials based on
carbon substrates and carbon nanotubes. These hybrid nanomaterials will combine
CHASM’s nanotube enhanced carbon (NTeC) technology with Birla Carbon’s expertise
in commercialization and manufacturing. In so doing, the companies anticipate jointly
developing novel carbon nanomaterials tailored for performance in a wide variety of
demanding applications.

The collaboration is ultimately aimed at driving sustainable innovative solutions to
address customer, consumer and industry needs.