2. SECTION I - IntroductionSECTION I SECTION II - Markets Serviced SECTION II SECTION III - Conventional Technology SECTION III SECTION IV - MarineLINE Technology SECTION IV SECTION V - Summary SECTION V The High Performance Siloxirane® Coating for the Marine Transport Industry

3. Introduction Advanced Polymer Coatings Advanced Polymer Coatings is a Polymer Technology Company developing High Performance, Engineered Polymers

4. Developing High Performance Chemical Resistant Linings Core Activity Introduction

5. Company History Leading Up to MarineLine 1987 – 1989 Began Research and Development into High Temperature Polymers for Military and Aerospace Use

6. Introduction Company History Leading Up to MarineLine Developed Siloxirane Built Missile Composite Bodies Fins for Patriot Missiles

7. Introduction Company History Leading Up to MarineLine While working on composite parts, United Technologies Corp, tested Siloxirane Siloxirane outperformed all other materials!

8. Introduction Company History Leading Up to MarineLine Used in Rail Tank Cars for 98% Sulfuric Acid and Tallow 1989 Developed First Siloxirane Coating. Required High Heat Cure 1991/92 Low Heat Cure Siloxirane Developed & Patented

9. SECTION I - IntroductionSECTION I SECTION II - Markets Serviced SECTION II SECTION III - Conventional Technology SECTION III SECTION IV - MarineLINE Technology SECTION IV SECTION V - Summary SECTION V The High Performance Siloxirane® Coating for the Marine Transport Industry

10. Markets Serviced Chemical & Petrochemical Industry Reactor Vessels Storage Tanks Pipes Pollution Control Equipment Secondary Containment Waste Water Neutralization

11. Markets Serviced Paper & Pulp Industry Digesters Black Liquor Tanks Bleaching Systems

12. Markets Serviced Mining Industry Acid Tanks Slurry Pipes Scrubbers

13. Markets Serviced Steel Industry Pickling Tanks Acid Waste Neutralization Cement Floors

14. Markets Serviced Waste Water Industry Clarifier Tanks Flocculation Basins Concrete Containment

15. Markets Serviced Transportation Industry Rail Cars Hopper Cars ISO Tank Containers Over the Road Tank Trailers

16. Markets Serviced Maritime Industry Chemical Tanker Cargo Tanks Slop tanks Steamlines Scrubber Internals

17. SECTION I - IntroductionSECTION I SECTION II - Markets Serviced SECTION II SECTION III - Conventional Technology SECTION III SECTION IV - MarineLINE Technology SECTION IV SECTION V - Summary SECTION V The High Performance Siloxirane® Coating for the Marine Transport Industry

18. Conventional Technology Basic – Why coat a tank? Integrity of steel / ships structural strength Preservation of cargo Operational concerns

19. What were the industry choices? Zinc Silicates mainly for solvents Epoxy / Phenolic Epoxy for chemicals Stainless Steel for more aggressive chemicals But there were operational limitations. What were these? Conventionalt Technology

20. Zinc Silicate Coatings intolerance to multiple cargoes Not Resistant to Acids, Caustics, & Acidic Oils Absorbs Cargo Quickly Retains Oil Like Cargoes Subsequent Cargo Contamination Limits Back Hauling Capability

21. Phenolic Epoxy Coatings intolerance to multiple cargoes Not Resistant to Strong Solvents and Acids Absorbs some cargoes to High Levels Releases Absorbed Cargo Very Slowly Small Traces May Be Retained Leading to Cargo Contamination

22. Warnings in Marine Publications DE/LE LLOYDS (BELGIUM), 29 DEC. 1999 Swedish Club Warning on Phosphoric Acid Damage to Stainless Steel Tanks Cost U.S.$1.5Million to Correct Damage On One Tanker MOTOR SHIP, OCT. 1999 The Salvage Association Warning Published in This Magazine - Phosphoric Acid Causes Problems in Stainless Steel Tanks. Multi-Million U.S. Dollars Cost to Shipowner to Correct Damage

23. SECTION I - IntroductionSECTION I SECTION II - Markets Serviced SECTION II SECTION III - Conventional Technology SECTION III SECTION IV - MarineLINE Technology SECTION IV SECTION V - Summary SECTION V The High Performance Siloxirane® Coating for the Marine Transport Industry

24. The alternative now available? MarineLine 784 – Developed from patented Siloxirane 28 Polymer Now a look at the differences. MarineLine Technology

25. It is resistant to all IMO Cargoes It therefore gives unprecedented flexibility to accept all cargoes available in the market What is different? Difference No:1 MarineLine Technology

26. MarineLINE Technology Polymer Technology Comparison Epoxy 2 Functionality 4 Crosslinks MarineLine 28 Functionality 784 Crosslinks Higher Cross Link Density results in excellent Chemical Resistance

27. Benefits of MarineLine Cargo Versatility Resistance Comparison of 124 Commonly Carried Cargoes MarineLine Resists all IMO Cargoes Performance Comparison

28. What is different? Difference No:2 It is highly impermeable & is smoother than phenolics and stainless steel There is lesser clingage and cleaning is much faster. In most cases cleaning time can be halved. MarineLine Technology

29. Performance Comparison MarineLine vs. Phenolic Epoxy % Absorption After 45 Days Immersion Days Recovery (Desorption) With Ventilation @ 30 degree C Test by Independent Testing Laboratory METHANOL

30. Performance Comparison MarineLine vs. Phenolic Epoxy % Absorption After 45 Days Immersion Days Recovery (Desorption) With Ventilation @ 30 degree C Test by Independent Testing Laboratory ACETONE

31. The coating is fully cured the moment recoating is completed It provides flexibility to load all cargoes as soon as the vessel leaves the repair facility What is different? Difference No:3 MarineLine Technology

32. MarineLINE Application Heat Curing Heat Curing on Deck Tanks

33. The coating can tolerate the admission of water after carriage of chlorinated and brominated cargoes Ventilation after discharge is not required. Cleaning is shortened and simplified What is different? Difference No:4 MarineLine Technology

34. APC has established a field control group to project manage the application The complete inspection of all functions from surface prep to heat curing provides customers with guaranteed long term performance What is different? Difference No:5 MarineLine Technology

35. THE FCG ADVANTAGE A Field Control Group provides the ship owner with APCs in house Project Management: Surface Contamination Test DH and Humidity Test Surface profile test Verification of SA 2.5 Dry film thickness test 100% pinhole test @ 3000 volts Solvent wipe test Heat Curing The Single Source Responsibility permits a full 5-year guarantee backed by an insurance policy MarineLINE Application

36. Coating life far exceeds zinc silicates and epoxies Coating life depends on product cycling and aggressiveness of cargo. Accepted lifespan of zinc coatings is 9 years and epoxies is 6 years. MarineLine has lasted 13 years without problems. What is different? Difference No:6 MarineLine Technology

37. SECTION I - IntroductionSECTION I SECTION II - Markets Serviced SECTION II SECTION III - Conventional Technology SECTION III SECTION IV - MarineLINE Technology SECTION IV SECTION V - Summary SECTION V The High Performance Siloxirane® Coating for the Marine Transport Industry

38. In Newbuilds it Greatly Reduces your Capital Investment It is the most versatile coating allowing carriage of all IMO cargoes Due to shorter cleaning days it reduces your turnaround time giving additional revenue earning days Ideal for tanks which store slops where mixtures of all other cargoes have to be accommodated Summary Reality / Conclusions

39. Don't Risk Your Ships to the Wrong Coating! Specify MarineLINE® for Long-Term, Profitable Performance Performance far superior to other proven products in the Cargo Tank Coating Industry Advanced Polymer Coatings in house management provides assurance that application is properly done Full five year guarantee Summary Reality / Conclusions

40. Don't Risk Your Ships to the Wrong Coating! Specify MarineLINE® for Long-Term, Profitable Performance Summary Thank You

41. Rumours & Truths Rumors & Alleged Problems with MarineLine METHANOL First MarineLine Coating Job 1992, Stolt "Oakwood", 4 Tanks Coated in England Failure Due to No Heat Curing Second MarineLine Coating Job Feb/Mar. 1993, Stolt "Maplewood", 6 Tanks in Denmark. Tanks Heat Cured. Ship Still Operating with MarineLine Tanks. Ship's Captain Calls MarineLine "Liquid Stainless Steel"

42. Rumours & Truths Rumors & Alleged Problems with MarineLine METHANOL Failure on the M/T Indra First Chemical Tanker to be Completely Coated with MarineLine in Portugal, 1994 Problem - Tanks 1P and 1S had Blisters on Lower Forward Bulkhead after Carrying Methanol for 6 months. Other 14 Tanks No Problems. Truth - It Was Later Discovered from Master's Log that Forward Peak Tanks had Not Been Fully Emptied Prior to Heat Curing.

43. Rumours & Truths Rumors & Alleged Problems with MarineLine METHANOL M/T Indra Upgrade In 1998 M/T Indra was Upgraded to Carry Acids. Upgrading Included Lining Tanktops with Fiberglass Reinforced MarineLine to Resist any Impact Damage. M/T Indra has been Carrying Super Phosphoric Acid from Morocco to India for Almost 2 Years with No Problems.

44. Rumours & Truths Rumors & Alleged Problems with MarineLine METHANOL CERES/SeaChem 4 Tanks on 2 Ships Coated with MarineLine in 1995 These Were Never Heat Cured. Coating was Replaced After 3 Years. 2 Additional Ships Had 2 Tanks on Each Ship Coated with MarineLine in 1996 - These Tanks Were Heat Cured and are Still in Service Today.

45. Rumours & Truths Rumors & Alleged Problems with MarineLine METHANOL WITH OVER FIVE YEARS OF INSURANCE COVERAGE, NOT ONE CLAIM HAS BEEN FILED!

46. Rumours & Truths Other Rumours Health Risk. MarineLine has the same Risk as Epoxies. Safety Equipment should be worn by Applicators No Health Claims have ever been filed against Siloxirane/MarineLine