Cormetech, Inc

Cormetech was formed in 1989 as a joint equity company of Mitsubishi Heavy Industries (MHI), Corning Incorporated, and Mitsubishi Petrochemical (MPC). Corning Incorporated is acknowledged worldwide as a leader in glass and ceramic processing technologies and in the automotive emission control field. Corning's ceramic honeycomb substrates are used by more than 50% of the automotive catalytic converters in use worldwide. Mitsubishi Heavy Industries, Ltd. (MHI) is one of the world's leading heavy machinery manufacturers. Mitsubishi and its licensees have supplied over one half of the SCR systems used on utility and industrial boilers and combustion turbines worldwide. Cormetech's catalyst technologies uniquely benefit from the ceramic extrusion technology of Corning Incorporated and SCR system design, engineering, and experience of MHI.

Cormetech leverages its parent companies' more than 30 years of SCR field experience and ceramic extrusion technology, to create innovative catalyst products and services that meet our customer's needs. At the end of 2014, Cormetech has supplied services and delivered operating catalysts worldwide for more than 1,400 SCR systems, totaling over 100,000 MW of generating capacity.

Headquartered in Durham, North Carolina, USA, with sales offices in Europe and China, Cormetech has fully dedicated, state-of-the art manufacturing facilities, R&D centers and testing laboratories in Durham, North Carolina and Cleveland, Tennessee.

Cormetech's Values

Cormetech’s Vision:   Be a global leader providing the highest quality and highest performing environmental technology solutions

Our Mission:  Deliver innovative products and services that improve air quality and maximize stakeholder value

Core Values and Beliefs:

Safety:  Cormetech places the safety of all employees first.  We have a strong commitment to provide a safe and secure workplace for all employees and to promote high standards of employee productivity, health and safety

 Cormetech Safety Policy:  Every employee believes that all incidents and injuries are preventable and demonstrates a personal commitment to continuous safety improvement. Together, employees create a workplace with ZERO recordable injuries

Integrity:  Earn the respect and trust of our fellow employees and people around the world through behavior that is open, honest, decent and fair.  Practice leadership by example

Customer Driven:  We exist for our customers and will establish and maintain effective relationships to earn their trust and respect.  We will listen to our customers and partner with them to develop innovative solutions to solve their environmental challenges

Quality:  Each of us, individually and in teams, will understand and surpass the expectations of the customer.  We take pride in our work and the services we provide.  We will continue to maintain our quality system.  We will be open to suggestions and create a learning environment leading to the most efficient and effective processes, products and services that meet and exceed expectations

 Cormetech’s Quality Policy:  We will continually improve our products, processes, and services with a goal of increasing customer satisfaction

Teamwork:  Seek opportunities to build team effectiveness through developing cooperative and collaborative relationships.  Promote a free flow of information and open communication throughout the organization.  We care about each other and our families

Innovation:  We will lead by technical innovation, developing new ideas and business opportunities to make them a reality.  Through the spirit of innovation we will create change that will shape the future

Performance:  We will allocate resources to ensure profitable growth and recognize exceptional results, individually and as a company.  We will provide shareholders with a superior long term return on their investment

Fairness:  We believe in the dignity of the individual and that a rich mixture of diversity is a source of strength. We will create a work environment where all individuals are valued.  Commitment to our employee’s development and growth as well as an opportunity for all employees to contribute their skills will determine our success and is the key to our competitive advantage

Environmental Responsibility: We will always maintain a clean and safe work place and will comply with all environmental laws and regulations.  We will act responsibly and in harmony with the environment and communities where we live

Cormetech Environmental Policy:  Cormetech is committed to environmental stewardship with emphasis on pollution prevention and compliance with legal and business environmental requirements as we continually improve our processes, products and services

Innovation

Cormetech is one of the most technologically advanced catalyst manufacturing companies in the world. We focus on offering superior technology and resources to ensure reliable performance at the lowest cost to our customers. As a result, innovation is a culture at Cormetech, and we have introduced many new products to meet the growing needs of our customers.

Current and future market needs and customer feedback form the basis of our innovation programs. At the same time, we encourage creative ideas from our employees in developing breakthrough products and processes. Our current R&D efforts focus on:

• Low SO2 oxidation catalyst
• High catalytic capacity per catalyst layer COMET - step-change in mercury oxiation rate
• High temperature products for durable performance in applications such as simple cycle GT's
• Step-change reduction in pressure drop Robust ULFA products through JDA with Tenneco

We have a state-of-the-art R&D center in Durham, NC where we continue to develp new technologies to meet current and future customer needs. We also participate in joint development programs with our world-class technology parent companies Corning and MHI to continuously enhance our product offerings. We also conduct research programs at universities in the United States and China for analyzing catalyst deactivation chemistry, catalyst adsorption properties, and catalyst material screening for advancements in product development.

Cormetech's Code of Business Conduct

Cormetech, Inc. has the expectation that all officers, managers, and employees will follow the guidelines outlined in this policy as they relate to integrity, competitive interactions, and business conduct.

A. Conflicts of Interest

The following section describes activities that would be detrimental to Cormetech and as a result, should be avoided:

1. Employees shall not be involved in any activity, including personal investment, which competes or is in conflict with or gives the appearance of conflict of interest with the business of Cormetech, Inc. or our shareholders. Outside business interests require the prior approval of Cormetech, Inc.
2. No employee shall be employed or have a direct or indirect significant financial interest in any company, other than its shareholders, which is engaged in the same or similar line of business as Cormetech, Inc. Significant financial interest is one which is so substantial as to create a potential risk of interference of an individual's exercise of independent judgment in the best interest of the company. 
3. No employee shall accept or request directly or indirectly any article of value from anyone connected with a company with which Cormetech, Inc. is negotiating, contracting, or dealing with if the item in question may influence the individual in negotiating or dealing with their company. All employees are to advise their manager of any gifts received in respect of employment of Cormetech.
4. No employee shall directly or indirectly give a gift or favor or engage in the entertainment of any person, firm, or nonaffiliated corporation negotiating, contracting or in any way dealing with Cormetech, Inc. or likely to negotiate, contract or deal with Cormetech, Inc., except as may be consistent with generally acceptable ethical standards and accepted business practices and not in violation of any applicable law.
5. No employee shall receive, in addition to a regular salary, fees or other compensation as fixed by Cormetech, Inc., any money or thing of value, directly or indirectly, or through any substantial interest in any non-affiliated business of any sort, or through any personal relationship, for negotiating, procuring, recommending or aiding in any purchase, sale, or rental of property or any loan made by or to Cormetech, Inc.
6. No employee of Cormetech, Inc. shall, without proper authority, give or release to anyone not employed by Cormetech, Inc. or its shareholder corporations, or to another employee who has no need for the information, data or proprietary information of a confidential nature concerning Cometech, Inc.

B. Business Conduct

This section details Cormetech, Inc.'s performance expectation for employee business conduct:
1. Employees dealing with contractors, vendors, suppliers, consultants, customers, and other persons having business with Cormetech, Inc. shall conduct such activities in the best interests of Cormetech, Inc. without favor or preference.
2. No cash payments may be made to customers in the United States. No payments may be made outside the United States to secure preferential action. Expediting payments to secure the timely and correct completion of routine government action (e.g., processing visas, permits to do business) is permitted outside the United States only when lawful, and then only if it is unavoidable and made to facilitate the correct performance of a government representative's routine duties.
3. Other gifts and entertainment provided to governmental and commercial customers are limited to $25 in value. Exceptions to this rule include entertainment which is considered a routine part of conducting normal business interactions.
4. No political contribution shall be made by or on behalf of Cormetech, Inc. or its shareholders to any political party, committee, officeholder or candidate for any public office within the United States or to any candidate or government official outside the United States which violates applicable laws. Employees are encouraged to engage in lawful political activity as they consider appropriate.
5. Employees in subordinate/supervisory relationships are not to exchange favors or gifts which could or appear to give rise to any obligation.
6. Employees are required to follow the provisions of the U.S. Foreign Corrupt Practices Act