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.
© 2016 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.