NOVI, Mich.—Cooper Standard has signed a new technology agreement to supply its elastomeric materials to a multinational industrial products manufacturer based in Asia.
Under the agreement, the unnamed customer is expected to focus on developing three to four new product applications using Cooper Standard's Fortrex technology, Cooper said in a statement earlier this month.
This is the third agreement for the Cooper Standard technology in 2019.
The agreement "demonstrates the versatility of the Fortrex chemistry platform and the diverse market applications that it can address," the company said.
Fortrex is a lightweight, elastomeric material platform developed through Cooper Standard's i3 innovation program.
The compound is claimed to offer significant performance advantages over various synthetic rubbers, thermoplastic vulcanizates and other materials in terms of weight reduction, compression set, weathering and durability.
Cooper Standard said it can take on many forms, including dense extrusions, foams, films and membranes that can be tuned for an endless list of applications and performance solutions.