🚀 go-pugleaf

Thought this would be of interest to the group.
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CHURCHILL TECHNOLOGY INC. PURCHASES PATENTS AND SIGNS LICENSING AGREEMENT,
OPENING DOOR TO AUSTRALIA/NEW ZEALAND MARKET 

Company Also Receives Canadian Certification 

Churchill Technology Inc. (Nasdaq: CHUR) today announced it has taken two
major steps to expand its worldwide market for Novon(R) biodegradable
materials and technology. 

Robert H. Downie, Churchill president and chief executive officer, said
the company has completed the purchase of the Novon Specialty Polymer
patents from the Warner Lambert Company for use in Australia and New
Zealand.

The company has also signed an exclusive licensing agreement with Eco
Logical Polymers of Australia to manufacture and distribute Novon(R)
Specialty Polymers in that region of the world. During an initial four-
year period, Eco Logical Polymers will pay a minimum royalty or five
percent of sales, whichever is higher.

"These developments give us the opportunity to aggressively market the
Novon product line in a new location and add to our growing international
coverage," Downie said.

Churchill Technology, Inc. is the parent company of Novon International,
Inc., a leader in the development and production of specialty additives
and resins that safely make plastics biodegradable. The companys products
are marketed as Novon Specialty Polymers, Degra- Novon(R), and
Aqua-Novon(R).

The technology to manufacture the Novon Specialty Polymers was developed
by scientists at Warner Lambert and was purchased by Novon in February
1995.

In an unrelated development, Churchill said it has received Eco Logo
certification in Canada, giving the company the ability to use the logo in
its degradable film products and compost bags sold in that country.

"This certification will result in new sales opportunities and additional
revenue growth in North America," Downie said. 

Novon International, Inc. is a growth-stage company whose products include
additive packages, specialty polymers, and water-soluble materials that
are used in packaging, composting, agricultural, food service, and
personal care applications. 

For more information, contact Jason Sicheri of Crowley Webb Public
Relations, 716-856-2932.