"This is the first major report-out from the BRDI team on the status of grant milestones,” said Chuck Yurkovich, Cooper’s Vice President of Global Research and Development. “These meetings serve to foster dialogue and strengthen ties between the partners and allow us to continue to scale up our efforts collectively in order to achieve grant targets. We have everything needed to work toward success, including a significant amount of talent, resources and capability from the industry, government, and academia to bring it all together.”

“Yulex is experiencing a large demand for petroleum-based elastomer replacement products,” said Jeff Martin, Chief Executive Officer, President and Co-Founder of Yulex Corporation. “More than 50 percent of all the elastomers used in the tire industry are derived from petroleum. We look forward to changing this trend through continued progress with our partners Cooper, USDA’s ARS and ASU toward developing a U.S.-based tire made from guayule biorubber.”

About Cooper Tire & Rubber Company

Cooper Tire & Rubber Company (NYSE: CTB) is the parent company of a global family of companies that specialize in the design, manufacture, marketing, and sales of passenger car and light truck tires. Cooper has joint ventures, affiliates and subsidiaries that also specialize in medium truck, motorcycle and racing tires. Cooper's headquarters is in Findlay, Ohio, with manufacturing, sales, distribution, technical and design facilities within its family of companies located in 11 countries around the world. To learn more about Cooper and its corporate social responsibility initiatives, including sustainability efforts, visit http://coopertire.com/Corporate-Responsibility.aspx.

Copyright Business Wire 2010

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