May 21, 2008

richardmolloy

News

NAPLES, FL, May 21 (MARKET WIRE) — Lehigh Technologies, Inc., a leading manufacturer of engineered rubber powder, today announced it is adding an additional 60,000 square feet to its Tucker, GA, facility in an effort to meet rising customer demand for its ultra-fine rubber powder. Currently, the Tucker facility has the capacity to annually recycle more than six million scrap tires into rubber powder that can be used as a substitute for petroleum based materials in numerous manufacturing processes, helping to reduce waste and save the environment.

“We continue to see great demand for our ultra-fine rubber powder from industrial manufacturers across the tire, plastics, carpet, coatings and other industries,” said Anthony Cialone, founder and COO of Lehigh. “We are currently near capacity and need the additional space to continue to serve our customers who choose Lehigh Technologies’ ultra-fine rubber powder to complement or displace virgin synthetic and natural rubber without compromising quality in their manufacturing processes.”

Lehigh’s Tucker production facility has achieved ISO 9001:2000 and ISO 14001:2004 certification after attaining the global quality standards set forth for companies by the ISO, a network of national standards institutes across more than 150 countries. Lehigh uses the ISO methodology to provide its customers with consistency, quality and reliability — key characteristics that companies demand in engineered rubber powder. In addition, the plant requires no air, water, or solid waste permits and emits no greenhouse gases (GHG), a zero carbon footprint.

Lehigh Technologies was also recently accepted into the Environmental Protection Agency’s National Performance Track Program. Performance Track is a voluntary partnership program that recognizes and rewards private and public facilities that demonstrate strong environmental performance beyond current requirements.

About Lehigh Technologies, Inc.
Lehigh Technologies provides engineered ultra-fine rubber powder that delivers enhanced performance, as well as manufacturing cost savings and environmental benefits, at a price point that is affordable and sustainable for low-to-high volume applications. Unlike crumb rubber recyclers and other suppliers in the past, Lehigh produces engineered performance fillers, modifiers and additives enabling manufacturers across a variety of industries to easily include rubber powder as a strategic ingredient into their manufacturing process without compromising the integrity of their products. Headquartered in Naples, Florida, the company is privately held and backed by major private equity investors. For more information, please visit www.lehightechnologies.com.

About Florida Gulfshore Capital
Florida Gulfshore Capital (www.gulfshorecap.com) is a growth equity investment firm focused on venture capital investments and small to mid market private equity opportunities. It combines the investment talents of its partners with the rich operating experience of successful business executives in Southwest Florida.