Ferrinov announces exclusive distribution agreement with Univar for the
Canadian market

MONTREAL, Jan. 25 /CNW Telbec/ - Canadian company Ferrinov, which has achieved a major technological breakthrough in the production of anticorrosion pigments, today announced that it has signed an exclusive five-year agreement with the chemical distribution company Univar Canada for the distribution of eco-friendly pigments on the Canadian market. The agreement will enable Ferrinov to further optimize the use of its plant in Sorel-Tracy, Quebec.

This marks the second distribution agreement for Ferrinov within the past few months. Last June, the company inked an exclusive five-year pact with Wonder Technology Co. Ltd. for the distribution of some 6,000 tonnes of "green" pigments in the Chinese market.

"Our agreement with Univar Canada is excellent news for Canadian manufacturers of industrial paints: since they already do business with Univar's CASE Group, they will be able to procure our innovative pigments more easily," Ferrinov President Louis Archambault emphasized.

Ferrinov's anticorrosion pigments, advanced after 10 years of research and development, mark a major technological breakthrough for many types of high-value infrastructure. New patented technology provides for the production of higher-performance anticorrosion pigments that are economically and ecologically sounder in addition to being compatible with all paint formulations.

With anticorrosion properties superior to any other pigment currently on the market, Ferrinov pigments allow for the production of much longer-lasting paints, which results in less frequent repainting and, in turn, considerably reduced labour costs and lower downtime of production equipment for a vast array of infrastructure and high-value equipment.

An environmentally sound technology

Taking a proactive environmental stance, Ferrinov has devised a hydrometallurgical process to make pigments requiring only 15% of the energy needed by conventional technologies. Their production helps reduce greenhouse gases, with the manufacture of a tonne of Ferrinov pigments avoiding the emission of 4.5 tonnes of greenhouses gases, compared with a similar quantity of pigments produced by means of conventional pyrometallurgical technologies developed more than 100 years ago.

In addition, the hydrometallurgical process developed by Ferrinov keeps substantial volumes of steel plant dust away from landfill sites by converting it to pigments. The process also avoids the mineral extraction and mining-waste management engendered by the traditional production of pigments.

About Ferrinov

Ferrinov Inc., founded in 1998, has its head office in Montréal and its plant in Sorel-Tracy, Quebec. It owns a patented technology for the production of a new type of active anticorrosion pigments. Ferrinov pigments are easy to recognize, with a unique signature, and they are also patented. The company currently employs a dozen people. For more details, visit the company's website at www.ferrinov.com. Ferrinov's new active anticorrosion pigments are produced at its plant in Sorel-Tracy under patented technology.

About Univar

Univar is one of the world's leading independent distributors of industrial and specialty chemicals and related services. Univar provides its customer base, made up of 250,000 customers, with a full portfolio of products. Univar operates a network of approximately 170 distribution facilities throughout North America, Europe and China. In 2008, Univar reported sales of $9.4 billion. For more information, visit www.univarcorp.com.

SOURCE FERRINOV

For further information: For further information: Kristin Gable, Optimum Public Relations, (514) 282-4841, kristin.gable@cossette.com

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