Huntsman Launches Technology Portal to Foster Innovation & Manufacturing-Driven Collaborations

THE WOODLANDS, Texas, Sept. 25, 2023 /PRNewswire/ -- Huntsman Corporation (NYSE: HUN) today launched its Technology Portal, a platform dedicated to engaging with innovators and manufacturers across the value chain. The cross-divisional initiative aims to facilitate and foster external collaborations, connecting minds and expertise from diverse sectors with Huntsman to unlock potential business opportunities. 

"Collaboration is a key element of our innovation process at Huntsman," said Dr. David Hatrick, Vice President of Strategic Marketing and Innovation for Huntsman's Advanced Materials division. "Working with external partners, customers, and suppliers is very often the fastest route to developing and launching new products into the market. The skills needed for successful new products and applications are rarely held within one organization and the ability to partner is a critical capability for the future. The Huntsman Technology Portal will make it easier for external parties to propose and request new solutions, technologies and capabilities that could be jointly developed to create value for them and Huntsman."

Reflecting the company's commitment to deep collaborations, Huntsman Technology Portal offers two distinct cooperation routes for:

• Innovation-driven Solutions: streamlined interface for innovators and entrepreneurs to share innovation challenges, problems to solve, and collaboration opportunities with Huntsman.
   
• Manufacturing Solutions: contact hub for chemical manufacturers to explore tailored scale-up, industrialization, custom manufacturing, and other manufacturing solutions for their unique requirements.

"We are excited about the launch of the Technology Portal as it provides a new way to initiate collaboration to everyone's benefit," said Dr. Ralph Diguilio, Vice President of Global R&D for Huntsman's Performance Products division. "We can assure that all ideas submitted will be reviewed by a senior internal team established specifically for this purpose."

The Technology Portal is hosted on Huntsman's website: https://www.huntsman.com/technology-portal.

About Huntsman:
Huntsman Corporation is a publicly traded global manufacturer and marketer of differentiated and specialty chemicals with 2022 revenues of approximately $8 billion from our continuing operations. Our chemical products number in the thousands and are sold worldwide to manufacturers serving a broad and diverse range of consumer and industrial end markets. We operate more than 60 manufacturing, R&D and operations facilities in approximately 30 countries and employ approximately 7,000 associates within our continuing operations. For more information about Huntsman, please visit the company's website at www.huntsman.com. 

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Forward-Looking Statements:
Certain information in this release constitutes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These statements are based on management's current beliefs and expectations. The forward-looking statements in this release are subject to uncertainty and changes in circumstances and involve risks and uncertainties that may affect the company's operations, markets, products, services, prices and other factors as discussed under the caption "Risk Factors" in the Huntsman companies' filings with the U.S. Securities and Exchange Commission. Significant risks and uncertainties may relate to, but are not limited to, volatile global economic conditions, cyclical and volatile product markets, disruptions in production at manufacturing facilities, reorganization or restructuring of Huntsman's operations, including any delay of, or other negative developments affecting the ability to implement cost reductions, and manufacturing optimization improvements in Huntsman businesses and realize anticipated cost savings, and other financial, economic, competitive, environmental, political, legal, regulatory and technological factors. The company assumes no obligation to provide revisions to any forward-looking statements should circumstances change, except as otherwise required by applicable laws. 

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SOURCE Huntsman Corporation