1. The World Leader in Cashew Nutshell Liquid Technology Fast Curing Anticorrosion Primers For Steel Protection Dr Jean-Luc Dallons – Cardolite Corporation Presented at a meeting of the Thermoset Resin Formulators Association at the Hyatt Regency Montreal, September 11 through 12, 2006

2. The World Leader in Cashew Nutshell Liquid Technology Content Introduction Technology Anticorrosion Fast and Low Temperature Curing Surface Tolerance Overcoating Low VOC Conclusions

3. The World Leader in Cashew Nutshell Liquid Technology Steel is the ideal material for building structures but it has a major drawback : It rusts

4. The World Leader in Cashew Nutshell Liquid Technology Technology Approvals : ISO 12944 (Anti-corrosion) ISO 20340 (Offshore) Epoxy 2K medium coat 100-150 µm Epoxy 2K Zn rich 50-80 µm PU 2K top coat 50-80 µm

5. The World Leader in Cashew Nutshell Liquid Technology Industry Needs Provide guarantee (anticorrosion) Fast Curing Low Temperature Curing (all year) Surface Tolerance Overcoat Window Low VOC

6. The World Leader in Cashew Nutshell Liquid Technology Anacardic acid Cardanol Cardol 2-methyl cardol CNSL Composition

7. The World Leader in Cashew Nutshell Liquid Technology Process Cardanol Phenalkamines CNSL Cardanol Phenalkamines CNSL Cardanol Phenalkamines CNSL

8. The World Leader in Cashew Nutshell Liquid Technology Reactivity Enhancement Adhesion Anticorrosion Flexibility Chemical Resistance Cardanol Properties

9. The World Leader in Cashew Nutshell Liquid Technology

10. Germany (Emssperwerk) Phenalkamines, a Proven Technology

11. The World Leader in Cashew Nutshell Liquid Technology Phenalkamines, a Proven Technology China – Tsing Ma Bridge

12. The World Leader in Cashew Nutshell Liquid Technology Germany – Soccer Stadium Phenalkamines, a Proven Technology

13. The World Leader in Cashew Nutshell Liquid Technology Germany - Windmills Phenalkamines, a Proven Technology

14. The World Leader in Cashew Nutshell Liquid Technology Thailand – Rama III Bridge (Bangkok) Phenalkamines, a Proven Technology

15. The World Leader in Cashew Nutshell Liquid Technology Anti-Corrosion Properties Phenalkamine Polyamide

16. The World Leader in Cashew Nutshell Liquid Technology Anti-Corrosion Properties Phenalkamine non-chromate Conventional non-chromate Conventional zinc-chromate

17. The World Leader in Cashew Nutshell Liquid Technology

18. Curing Properties

19. The World Leader in Cashew Nutshell Liquid Technology Comparison with Conventional Curing Agent With Liquid Epoxy

20. The World Leader in Cashew Nutshell Liquid Technology

21. Surface Tolerant (humid substrate) Rusted panels, half wet Coating (200 µm) Adhesion after 4 months

22. The World Leader in Cashew Nutshell Liquid Technology

23. Overcoat Properties Primer : solid epoxy - Top coat : Acrylic Urethane Primer exposed 180 days outside Top-coated after exposure Polyamide Phenalkamine

24. The World Leader in Cashew Nutshell Liquid Technology

25. Low VOC 750 500 1100 Viscosity (cps)

26. The World Leader in Cashew Nutshell Liquid Technology Fast Curing Hardeners for Protective Coatings Commercial Product Medium Solid New Product High Solid Future Solvent Free Commercial Development Future

27. The World Leader in Cashew Nutshell Liquid Technology Conclusions Outstanding anti-corrosion Fast and low temperature curing Surface tolerance Overcoat Window Low VOC

28. The World Leader in Cashew Nutshell Liquid Technology