Northern Technologies International Corporation Awarded $500,000 in NSF-STTR Grant for Development of Advanced Polylactide (PLA) Materials
Northern Technologies International Corporation (Nasdaq: NTIC) announced that it has been awarded a National Science Foundation Small Business Technology Transfer (NSF-STTR) Phase II grant of $500,000 for the development of Advanced Polylactide (PLA) materials for biobased and biodegradable plastic products.
This award is a continuation of the successful NSF-STTR Phase I project on the same topic, and will help NTIC develop and commercialize chemically modified biobased and biodegradable PLA-based compounds, to generate a new class of materials that are not only high strength, lightweight, and multifunctional but also an environmentally friendly and cost-effective alternative to petroleum based polymers. The research and technology development will be conducted in collaboration with Michigan State University (MSU) in Lansing, Michigan.
(c) 2013 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.