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ISP and geniaLab Form Alliance

October 4, 2006

International Specialty Products and geniaLab BioTechnologie have signed two agreements to market encapsulated products. The first agreement establishes a strategic alliance between the two companies and specifically involves the development and marketing of encapsulated products for the fabric care, personal care and home care markets manufactured using geniaLab’s patented JetCutter technology and other similar technologies.
The second agreement represents an acquisition by ISP, through a subsidiary, of geniaLab’s line of encapsulated products for personal care, home care and fabric care applications. Terms of the transactions were not disclosed.
Through the strategic alliance, the two companies will work together to further develop the technology as a means of improving the effectiveness and performance of active ingredients in products such as laundry detergents, fabric softeners, toothpaste, hard surface cleaners and shampoos. More info: website: www.ispcorp.com.
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