CLEVELAND, Dec. 13, 2017 /PRNewswire/ -- PolyOne has announced it will unveil Hammerhead™ Marine Composite Panels at the Composites and Advanced Materials Expo (CAMX) in Orlando, Fla. this week. With a weight savings of more than 50% versus plywood, these continuous-fiber reinforced thermoplastic composite panels offer boat manufacturers a lighter, more efficient alternative to traditional marine construction materials.
Beyond weight reduction, Hammerhead panels can accelerate installation and labor productivity because they replace the typical wood, hand lay-up and vacuum assisted process with a consolidated, ready-to-install panel. Applications ranging from structural to cosmetic in areas such as bulkheads, decking, and cabinetry can benefit from the increased design flexibility these new panels generate.
The Hammerhead panels represent the latest technology introduced by PolyOne Advanced Composites. Launched in 2016 with the acquisitions of Gordon Composites and Polystrand, the company's Advanced Composites portfolio offers both thermoplastic and thermoset composite solutions with exceptional strength-to-weight ratios. With high strength, stiffness and dimensional stability, these specialty materials are ideal for the most demanding applications that span multiple end markets, including outdoor sports, aerospace, transportation, security and prosthetics.
"We are investing heavily in composite innovation, and these recent marine applications highlight how customers benefit from the next generation of metal, glass and wood replacement," said Craig Nikrant, president, Specialty Engineered Materials, PolyOne Corporation. "With our new Polystrand thermoplastic composite technology and design expertise, PolyOne's innovation pipeline continues to expand. We estimate composite revenue growth of more than 50% in five years as a result of projects currently in our innovation pipeline."
"Innovation is the lifeblood of a specialty company," added Robert M. Patterson, chairman, president and CEO, PolyOne Corporation. "Our investments in R&D and resulting composite portfolio have differentiated PolyOne as an industry leader. It's just one of many new technology areas that contributes to our global vitality index, which remains world class and above our goal of 35%."
At its upcoming Investor Day, to be scheduled for the second quarter of 2018, PolyOne plans to present additional details about composite innovation and these projects as one of several high-growth technology platforms that underpin the company's expectation of delivering double digit EPS growth in 2018 and beyond.
About PolyOne
PolyOne Corporation (NYSE: POL) is a premier provider of specialized polymer materials, services and solutions. The company is dedicated to serving customers in diverse industries around the globe, by creating value through collaboration, innovation and an unwavering commitment to excellence. Guided by its Core Values, Sustainability Promise and No Surprises PledgeSM, PolyOne is committed to its customers, employees, communities and shareholders through ethical, sustainable and fiscally responsible principles. For more information, visit www.polyone.com.
To access PolyOne's news library online, please go to www.avient.com/news.
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SOURCE PolyOne Corporation
Investor Relations Contact: Eric R. Swanson, Director, Investor Relations, PolyOne Corporation, +1 440-930-1018, eric.swanson@avient.com; Media Contact: Kyle G. Rose, Vice President, Corporate Communications, PolyOne Corporation, +1 440-930-3162, kyle.rose@avient.com
