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K-12 - PU Disruptive technology to dramatically improve Energy Efficiency of Household Appliances Midterm Conference May 18, 2017 Cannon Contribution to Innovation and Sustainability Max Taverna With the contribution of the LIFE financial


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K-12 CONFIDENTIAL

With the contribution of the LIFE financial instrument of the European Community

Cannon Contribution to Innovation and Sustainability

Max Taverna

Midterm Conference May 18, 2017

K-12- PU Disruptive technology to dramatically improve Energy Efficiency of Household Appliances

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 1 K-12 CONFIDENTIAL

Who is Cannon?

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 2 K-12 CONFIDENTIAL

Who is Cannon?

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 3 K-12 CONFIDENTIAL

Over 230 Million Euro

60% Plastics technologies

38% Steam&Water 2% Other Turnover 2015

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 4 K-12 CONFIDENTIAL

Turnover 2015

38% 8% 22% 12%

Americas Europe Middle East Far East Rest

  • f the

World

20%

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 5 K-12 CONFIDENTIAL

620 in Italy 386 in r. of the world

1006 Employees

Employees 2016

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 6 K-12 CONFIDENTIAL

Cannon Culture – 4 i’s

INDEPENDENCE Privately owned, never linked to financial institutions or funds. Profit oriented, but not constrained by short-term results INTEGRITY Not only honest, but also fully committed to perform an excellent job, without distractions or deviations from assigned tasks.

INNOVATION Investing over 5% of global turnover in R&D Over 400 patents filed in 50 years

INTERNATIONALITY Multi-lingual, multi-cultural environment Fully owned local business units and independent agents Representatives in over 40 countries

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 7 K-12 CONFIDENTIAL

Innovation – a Daily Practice R&D Labs in Italy USA UK 5%

  • f Turnover

always invested in R&D

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 8 K-12 CONFIDENTIAL

Innovation – Some Examples

2014 – Launched the K-12 Project for Energy Efficent rigid foams (*)

(*) LIFE+ Projects

1997 – Patented the CO2-based CarDio system for flex foams 1974 – Patented the RRIM head 1979 – Patented the FPL head 1986 – Patented the RotoPlug jig for fridge cabinets 1987 – Patented the Drum for fridge doors 2010 – Developed the VAI system for rigid foams (*) 2013 – Developed the CRESIM system for using recycled Carbon fibres (*)

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 9 K-12 CONFIDENTIAL

Innovation – Some Results

  • The World Leading fridge makers use VAI systems in

their production plants.

  • More than 25,000 FPL and RIM heads sold worldwide.

Widely copied…

  • More than 2,000 RotoPlug jig and Drum systems

installed worldwide. Widely copied…

  • More than 50 CarDio plants operating worldwide.

Widely copied…

  • Cannon honoured by EPA (USA) for exceptional contribution

to Global Environmental Protection Award (1999).

  • Carlo Fiorentini, Cannon co-founder, honoured

with FSK (D) Gold Medal of Honour (1984) and induced in the US Polyurethane Hall of Fame (2002).

  • Marco Volpato, Cannon President, honoured

with FSK (D) Gold Medal of Honour (2015).

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 10 K-12 CONFIDENTIAL

Cannon & LIFE Projects 2010-2013 ENERG-ICE – with DOW Italia

  • To improve the insulation performance of fridges and freezers

whilst simultaneously improving productivity.

  • Thin cavity walls found in refrigerators, with the presence of wiring and

cables, create friction for the foam flow, even more critical using faster reactivity.

  • Depressurising the fridge cavity during the injection process resulted
  • f fundamental importance in assisting the expansion of the highly

reactive foam.

  • Awarded as one of the six "Best of The Best LIFE Projects 2013“.
  • Obtained the Product Stewardship Award from Federchimica,

the Italian Federation of Chemical Companies.

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 11 K-12 CONFIDENTIAL

Cannon & LIFE Projects 2010-2013 ENERG-ICE – with DOW Italia

ENERG-ICE Reduced PU foam cell size

Current pu foam process ENERG-ICE PU foam PROCESS K-f10 = 19.5 mW/m.K K-f10 = 18.0 mW/m.K

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 12 K-12 CONFIDENTIAL

Cannon & LIFE Projects 2012-2016 – CRESIM

  • To develop an innovative processes to make composite parts

with high mechanical and aesthetical characteristics obtained with Recycled Carbon Fibre (rCF) derived by very expensive scraps.

  • Three application methods have been developed

for Polyurethane, Epoxy and Vinyl Ester formulations.

  • More than ten different parts have been developed

in 42-months, including improved satellite dishes for defence communications, a skate board for sport and leisure applications, automotive parts for German and Italian vehicles or Japanese bikes and an hollow part for the arm of an high-speed packaging robot.

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 13 K-12 CONFIDENTIAL

Cannon & LIFE Projects

Design Production Sale Use Repair RECYCLE & REUSE

CIRCULAR ECONOMY

2012-2016 – CRESIM

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 14 K-12 CONFIDENTIAL

Cannon & LIFE Projects 2014-2017 – K-12

  • To develop a disruptive technology to dramatically improve Energy

Efficiency of household appliances, using innovative PUR foams.

  • Partners: Cannon Afros – Dow EMEAI – Whirlpool EMEA
  • Duration: August 2014 – November 2017
  • The project connects new chemistry with technology innovations,

avoiding any use of Green House Gases as blowing agents with a new appliance production technology driven by reducing the carbon footprint of manufacturing operations, addressing any technology requirements and regional needs.

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K-12 CONFIDENTIAL

With the contribution of the LIFE financial instrument of the European Community

Cannon Contribution to Innovation and Sustainability

Thank you for your attention!

Max Taverna

Midterm Conference May 18, 2017

K-12- PU Disruptive technology to dramatically improve Energy Efficiency of Household Appliances

Form 830-042-0717