Schenectady, NY, April 23, 2004 -- The Cyclics Corporation named the P-Group, headquartered in Ferrara, Italy as the sole compounder of CBT® resin-based materials for the European rotational molding market. In exchange for this exclusive agreement, the P-Group has agreed to purchase significant volumes of Cyclics' CBT resin for the next few years.

The experience and capacity of the P-Group in a multitude of resin systems could lead to more novel technologies and broader market penetration. This agreement commits a significant portion of the Cyclics resin plant currently under construction in Schwarzheide, Germany. The plant is expected to be completed by the end of 2004 and will have an initial annual capacity of 2500 metric tonnes (5.5 million pounds), with plans to double the capacity in 2006. Additional terms of the agreement were not available. CBT resin has been demonstrated to make parts in traditional rotational molding equipment with better surface finish, fiber reinforcement, and improved gasoline barrier properties over traditional rotational molding plastics.

"The technical and marketing expertise of the P-Group in engineering plastics together with our supply of CBT resin will drive growth for both companies in the years to come," said Roman Eder, Managing Director for Cyclics Europe GmbH. "Our alliance with the P-Group gives us the ability to take advantage of the growing rotational molding market for our resin,"

"Cyclics' resin offers a great opportunity for us to leverage our processing expertise to formulate products for rotational molding applications." remarked Vittorio Bortolon, President of P-Group. "The exciting benefits that CBT resin brings in easier processing and improved performance will open up new markets and applications."

The Cyclics Corporation recently announced a new application for its CBT® resin one-part system; the production of low pressure castings and high fiber content thermoplastic composites through the resin transfer molding (RTM) process. CBT resin and catalyst are combined in a "one-part system," simplifying the process by eliminating the need for meter mixing equipment.

About Cyclics Corp.
Cyclics Corporation, headquartered in Schenectady, New York, manufactures innovative plastics, based on technology developed and patented by GE, that offer breakthroughs in processing, making new products possible and changing the economics of existing ones. Cyclics has an alliance with Dow Automotive to develop CBT resins for automotive applications. The water-like processing viscosities of Cyclics' engineering thermoplastic products offer improvements in performance and productivity for structural composites, compounding, casting and rotational molding.

Cyclics Corporation
www.cyclics.com

About the P-Group
The P-Group is headquartered in Ferrara, Italy and develops resins based on polyester, polyamides (nylons), and polypropylene, oriented towards technical polymer application sectors. Product commercialization is managed directly by the Marketing divisions of P-Group Italy and P-Group Germany. In this way, the European and World markets are completely covered in operating synergy with agents and important distribution companies. The high technological level that distinguishes the P-Group´s products necessarily presumes intense research and development activity associated with production processes aimed at maximum quality.

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