Chemtura Announces Joint Development Agreement With Caterpillar For Duracast® Technology Application

  Chemtura Announces Joint Development Agreement With Caterpillar For
  Duracast® Technology Application

Business Wire

PHILADELPHIA -- December 04, 2012

Chemtura Corporation (NYSE/Euronext Paris: CHMT) today announced it has
entered into a joint development agreement with Caterpillar Inc. for novel
applications of Chemtura’s Duracast® hot-cast urethane pre-polymer technology
for construction and mining equipment.

“Duracast® technology is an ideal material for this type of innovative program
with varied end-use possibilities. Its versatility and superior abrasion
characteristics lend it to a wide range of potential new applications,” said
Matthew Hellstern, general manager and president of Chemtura’s Urethanes
business. “Its ease of use, low-waste characteristics, and adaptability to
automation yield higher productivity, and efficiency, providing significant
added value to end-use customers in niche segments. The multiyear joint
development program supports Chemtura’s philosophy to bring greater value to
our customers through product and application innovation.”

The joint development agreement focuses on several novel applications in
construction and mining equipment where urethanes have not previously been
used, with the objective of providing significant value through productivity
and efficiency gains. Initial products to be jointly developed include
non-pneumatic tires for certain Cat machines. Prototype development is under
way with field evaluation expected to begin by early 2013.

"Caterpillar is constantly looking for ways to differentiate our products and
provide solutions that help make our customers more successful, and this
partnership with Chemtura is an example of that commitment,” said Greg Folley,
vice president of Caterpillar’s Remanufacturing and Components Division.
“We’re focusing first on tires for applications in some of the harshest
operating environments. Non-pneumatic tires have proven durable in job sites
like underground mining, where there is a high risk of cuts and punctures. If
we can give our customers another choice that is both durable and sustainable
– because urethane tires have high re-usability potential – then we’re
delivering value to our customers.”

Under the agreement, other potential applications of Duracast® technology may
include debris guards for use behind tires, ground engagement accessories and
wear reduction coatings.

About Chemtura

Chemtura Corporation, with 2011 sales of $3.0 billion, is a global
manufacturer and marketer of specialty chemicals, agrochemicals and pool, spa
and home care products. Additional information concerning Chemtura is
available at www.chemtura.com.

Forward-Looking Statements

This document includes forward-looking statements within the meaning of
Section 27(a) of the Securities Act of 1933, as amended and Section 21(e) of
the Exchange Act of 1934, as amended. Our forward-looking statements include
information concerning possible or assumed future results of operations, and
our actual results may differ significantly from the results discussed. In
particular, there can be no assurance that the parties will successfully
develop or achieve the milestone events on any of the products or that the
parties will perform their obligations under the joint development agreement
as anticipated. While the parties are bound to proceed with certain
obligations, the agreement contains provisions under which parties can reduce
or eliminate their obligations to develop products, and no assurance can be
given that either party will proceed with the development and
commercialization of any product. Other factors that may affect the
development and commercialization of products are discussed in Chemtura's
Annual Report on Form 10-K for the year ended December 31, 2011, and in other
filings made with the Securities and Exchange Commission. Our forward-looking
statements are based on our estimates and assumptions and on currently
available information. Forward-looking information is intended to reflect
opinions as of the date this press release was issued. We undertake no duty to
update any forward-looking statements to conform the statements to actual
results or changes in our operations.

Contact:

Chemtura
Media Relations
John Gustavsen, 203-573-3224
or
Caterpillar
Media Relations
Rachel Potts, 309-675-6892