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Architectural Binder Technology for Institutional and Commercial Paint Applications Western Coatings Show 2017 Tyler Bell Agenda Institutional and Commercial Architectural Coatings Market Benefits of Acrylic Technology Performance

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  1. Architectural Binder Technology for Institutional and Commercial Paint Applications Western Coatings Show 2017 Tyler Bell

  2. Agenda • Institutional and Commercial Architectural Coatings Market – Benefits of Acrylic Technology – Performance Gaps • Benchmark Evaluation • Summary 2

  3. Institutional and Commercial for Architectural Coatings Basic Paint Criteria • Return to service minimized – No ‘green’ feel – Very low VOC / odor • New or previously painted surfaces Performance Attributes • Abrasion resistance for high traffic public places • High degree of resistance properties: – Cleaners – Chemicals (acids, bases, solvents, etc.) • Light-duty corrosion resistance • Early water resistance 3

  4. Institutional and Commercial Coatings High-Performance Architectural coatings professionally applied: • Doctors' offices • Hospitals • Laboratories • Hotels • Schools • Office buildings • Retail stores • Factories • Churches • Etc. 4

  5. Waterborne Acrylic Technology in Commercial Applications Benefits Performance Gaps to Overcome • • Low-VOC Capable Abrasion Resistance • • Low Odor Chemical Resistance • • Water-Based Cleaner Resistance • • 1K System Water Sensitivity • • No Solvents Early Hardness Development • • Ease of Cleanup Low-Tack Finishes 5

  6. Benchmark Evaluation • Commercially available water-based (WB), 1K, white paints in the commercial and institutional market • Target application spaces: – High performance interior latex – Institutional low-VOC – Light industrial EPS Pre-cat WB Pre-cat WB Acrylic #1 Acrylic #2 Acrylic #3 Acrylic Epoxy #1 Epoxy #2 VOC Level <5 g/L <100 g/L <150 g/L <5 g/L <50 g/L 175 g/L 1K WB 1K WB acrylic Chemistry All-acrylic acrylic All-acrylic All-acrylic All-acrylic epoxy epoxy 6

  7. MPI Testing Criteria #141 #147 #153 #215 High Institutional Light WB 2K Epoxy Title Performance Low VOC Industrial Modified Latex Environmental Environmental Environmental VOC Requirement (g/L) Standards <10 Standards Standards (<50-150) (<50-250) (<50-150) Chemical / Solvent Not Listed (NL) NL pass pass Resistance Water Resistance NL NL NL pass Adhesion NL NL NL pass Scrubbability (%Gloss Loss) 4000 (20%) 4000 (20%) 4000 (no break) 5000 (5%) Abrasion Resistance NL NL NL 500 (w/ shims) Cleansability pass pass NL pass Flexibility pass pass pass pass • MPI #215 2K Modified Epoxy used to challenge EPS 7 all-acrylic performance

  8. Physical Properties EPS Acrylic Pre-Cat Epoxy #1 Pre-Cat Epoxy #2 Acrylic #1 Acrylic #2 Acrylic #3 (<5 g/L) (95 g/L) (135 g/L) (<5 g/L) (<50 g/L) (175 g/L) HT Block 9 8 0 0 8 0 1 day HT Print Resistance 10 6 8 8 9 6 1 day HT Tack Resistance 10 4 2 2 8 6 1 day Total 29 18 10 10 25 12 (out of 30)

  9. MPI Scrubbability – 5000 Cycles without shims EPS Testing (Not certified by MPI) Pre-Cat Pre-Cat Epoxy #1 Epoxy #2 Acrylic #1 Acrylic #2 Acrylic #3 EPS Acrylic (95 g/L) (135 g/L) (<5 g/L) (<50 g/L) (175 g/L) 0.0 5% 10.0 5.8 60 Degree Gloss Loss (%) 20.0 15.8 30.0 40.0 50.0 44.7 51.4 60.0 70.0 80.0 90.0 85.9 85.9 100.0 • EPS Acrylic was only paint to be close to the 5% 9 gloss loss threshold after 5000 cycles

  10. MPI Abrasion Resistance – Minimum 500 cycles w/ shims EPS Testing (Not certified by MPI) 1800 1600 1600 1400 Scrub Cycles 1200 1000 800 800 610 610 520 600 500 400 230 200 0 EPS Acrylic Pre-Cat Pre-Cat Acrylic #1 Acrylic #2 Acrylic #3 Epoxy #1 Epoxy #2 (<5 g/L) (<50 g/L) (175 g/L) (95 g/L) (135 g/L) • EPS Acrylic stopped at 1600 scrub cycles, still 10 had not shown break-through

  11. MPI Chemical Resistance EPS Testing (Not certified by MPI) Pre-Cat Pre-Cat EPS Acrylic Acrylic #1 Acrylic #2 Acrylic #3 Epoxy #1 Epoxy #2 (<5 g/L) (<5 g/L) (<50 g/L) (175 g/L) (95 g/L) (135 g/L) 50% H 2 SO 4 Pass Pass Fail Pass Pass Pass 10% HCl Pass Fail Fail Pass Pass Pass 5% H 3 PO 4 Pass Fail Pass Pass Pass Pass 25% NaOH Pass Pass Pass Pass Pass Pass Mineral Spirits Pass Pass Pass Pass Pass Pass Methanol Pass Fail Pass Fail Fail Pass Motor Oil Pass Fail Pass Fail Fail Pass Vegetable Oil Pass Fail Pass Fail Fail Pass Failures noted are significant gloss change, film degradation or discoloration . 11

  12. Institutional and Household Chemical / Cleaner Resistance EPS Developed Test Method • Test to evaluate the softening of coatings due to chemical and cleaner exposure and measure the recovery of the hardness of the films overtime. Cleaners Tested (9 Total) Test Procedure (EPS Developed) • • Formula 409 7 day cure • • Bleach (full strength) 30 minute cleaner exposure • • Clorox Green Works Scrape hardness measured at 5, 15 and 30 minutes recovery time • Fantastik • Possible scrape hardness measured • Lysol 4 in 1 in 0 – 5000 grams • Pinesol • Purell Hand Sanitizer • TSP (tri-sodium phosphate) • Windex 12

  13. Scrape Hardness – ASTM D2197 w/ Metal Loop Stylus • Substrate – Leneta Chart • Film Thickness – 3 mil wet • Scrape adhesion force represent in mass in grams until failure (0 to 5000 grams possible) 13

  14. Formula 409 5000 Scrape Adhesion Force (grams) 4000 3000 2000 1000 0 EPS Acrylic Pre-Cat Pre-Cat Acrylic #1 Acrylic #2 Acrylic #3 (<5 g/L) Epoxy #1 Epoxy #2 (<5 g/L) (<50 g/L) (175 g/L) (95 g/L) (135 g/L) 5 Minutes 15 Minutes 30 Minutes

  15. Lysol 5000 Scrape Adhesion Force (grams) 4000 3000 2000 1000 0 EPS Acrylic Pre-Cat Pre-Cat Acrylic #1 Acrylic #2 Acrylic #3 (<5 g/L) Epoxy #1 Epoxy #2 (<5 g/L) (<50 g/L) (175 g/L) (95 g/L) (135 g/L) 5 Minutes 15 Minutes 30 Minutes

  16. Purell 5000 Scrape Adhesion Force (grams) 4000 3000 2000 1000 0 EPS Acrylic Pre-Cat Pre-Cat Acrylic #1 Acrylic #2 Acrylic #3 (<5 g/L) Epoxy #1 Epoxy #2 (<5 g/L) (<50 g/L) (175 g/L) (95 g/L) (135 g/L) 5 Minutes 15 Minutes 30 Minutes

  17. Chemical / Cleaner Resistance Results (5 Minute Recovery) 45,000 Maximum 45000 Score Scrape Adhesion Force (grams) 40000 Windex 35000 TSP 30000 Purell 25000 Pinesol 20000 Lysol 15000 10000 Fantastik 5000 Clorox 0 Bleach EPS Pre-Cat Pre-Cat Acrylic #1 Acrylic #2 Acrylic #3 409 Acrylic Epoxy #1 Epoxy #2 (<5 g/L) (<50 g/L) (175 g/L) (<5 g/L) (95 g/L) (135 g/L) 17

  18. Chemical / Cleaner Resistance Results (15 Minute Recovery) 45,000 Maximum 45000 Score Scrape Adhesion Force (grams) 40000 Windex 35000 TSP 30000 Purell 25000 Pinesol 20000 Lysol 15000 Fantastik 10000 5000 Clorox 0 Bleach EPS Pre-Cat Pre-Cat Acrylic #1 Acrylic #2 Acrylic #3 409 Acrylic Epoxy #1 Epoxy #2 (<5 g/L) (<50 g/L) (175 g/L) (<5 g/L) (95 g/L) (135 g/L) 18

  19. Chemical / Cleaner Resistance Results (30 Minute Recovery) 45,000 Maximum 45000 Score Scrape Adhesion Force (grams) 40000 Windex 35000 TSP 30000 Purell 25000 Pinesol 20000 Lysol 15000 Fantastik 10000 5000 Clorox 0 Bleach EPS Pre-Cat Pre-Cat Acrylic #1 Acrylic Acrylic #3 409 Acrylic Epoxy #1 Epoxy #2 (<5 g/L) #2(<50 (175 g/L) (<5 g/L) (95 g/L) (135 g/L) g/L) 19

  20. MPI Stain Resistance / Cleansability EPS Testing (Not certified by MPI) Stain Pre-Cat Pre-Cat EPS Acrylic Acrylic #1 Acrylic #2 Acrylic #3 (max. dE Epoxy #1 Epoxy #2 (<5 g/L) (<5 g/L) (<50 g/L) (175 g/L) allowed) (95 g/L) (135 g/L) Coffee 1.6 2.5 0.5 1.7 0.5 0.6 (2.0) Nigrosin 0.9 2.2 0.7 0.7 1.0 0.8 (1.0) Graphite 1.6 1.7 2.8 2.2 0.6 2.6 (1.5)

  21. Other MPI Testing EPS Testing (Not certified by MPI) EPS Acrylic Pre-Cat Epoxy #1 Pre-Cat Epoxy #2 Test Method (<5 g/L) (95 g/L) (135 g/L) Tin - Dry 5B 5B 5B Tin - Wet 5B 4B 4B CRS - Dry 5B 5B 4B CRS - Wet 4B 5B 4B Adhesion Pass/Fail Pass Pass Pass Early Water Resistance 10 8d 10 Flexibility (Mandrel Bend) Pass Pass Pass 21

  22. Benchmark Summary • Various paints evaluated for performance in the commercial / institutional space • New EPS Acrylic technology delivered the following performance: – Passed a 2K WB epoxy specification (EPS tested) – Outperformed VOC containing 1K epoxy acrylics, and all-acrylic paints available today – Matched or beat a 175 g/L VOC all-acrylic paint 22

  23. Conclusions Performance Gaps Overcome  Water Sensitivity  Abrasion Resistance  Early Hardness Development  Chemical Resistance  Low-Tack Finishes  Cleaner Resistance • New all-acrylic technology delivers superior performance for chemical, cleaner, and abrasion resistance for institutional and commercial paint applications. • Superior performance achievable at low-VOC and low-odor • Suitable to replace both 1K and 2K WB acrylic epoxies in the commercial and institutional space 23

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