PolyOne Presented with Frost & Sullivan Medical Product Award
CLEVELAND, Sept. 14 PolyOne Corporation (NYSE: POL) today announced it has received the Frost & Sullivan 2009 North American Plastics in Medical Tubing & Catheters Product Line Strategy of the Year Award. The award highlights PolyOne's continuous innovations that provide sustainable solutions for the medical industry.
Walter Ripple, general manager, PolyOne's GLS Thermoplastic Elastomers (TPEs), said, "Our R&D efforts include creating new compounds that address environmental concerns such as phthalates, while continuing to offer excellent performance and aesthetics. Our Versaflex(TM) HC family of TPEs, made without phthalates or halogens, helps our customers meet performance, regulatory and environmental objectives."
Frost & Sullivan, a global research and consulting firm, presents the Product Line Strategy Award to companies that most effectively address their customer's diverse needs with regard to price, performance and benefits. PolyOne was presented with this award in recognition of its outstanding leadership in the plastics industry and exceptional medical grade TPE technologies for drug and fluid delivery systems.
The growth of TPEs in the medical tubing market stems from the materials' effectiveness as a replacement for traditional polymers. GLS Versaflex(TM) HC MT medical grade TPE offers customers a non-phthalate, halogen-free option designed to address this growing trend, providing an alternative for a number of medical tubing applications such as IV catheters, peristaltic pumps, and surgical drainage tubing.
PolyOne Corporation, with 2008 annual revenues of $2.7 billion, is a premier provider of specialized polymer materials, services and solutions. Headquartered outside of Cleveland, Ohio USA, PolyOne has operations around the world. For additional information on PolyOne, visit our Web site at www.polyone.com.
PolyOne has established the PolyOne Sustainable Solutions mark to denote those products or services that meet defined standards for sustainability in areas such as renew-ability, recycle-ability, reusability, eco-conscious composition, or resource efficiency. To learn more, go to www.polyone.com/sustain.
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