SOMERSET, NJ – NEI Corp., Somerset, NJ, and Chisso Corp. of Japan have signed an agreement to develop a new class of self-healing coatings for flat-panel display and related markets. Under the terms of the agreement, Chisso Corp. will fund the effort. NEI Corp. will build upon its core competency in nanoscale materials and self-healing technology to develop self-healing coatings for the intended applications. The initial term of the agreement is 12 months.

Exchange of data and samples over the course of several months between NEI and Chisso has culminated in this joint development agreement. NEI Corp. will synthesize and formulate the self-healing coatings at its laboratories in New Jersey. Engineers and chemists at Chisso Corp. will evaluate the samples developed by NEI and tailor the program to meet their customers’ requirements.