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HRT and Hercules Inc. began working together in 2005 with the formation of a Joint Development Agreement. This agreement concerned the development of a formaldehyde free soy based adhesive to replace urea formaldehyde adhesive currently used in particleboard and medium density fiberboard.
Hercules Incorporated was founded in 1912 and is headquartered in Wilmington, Delaware. Hercules received $2 billion in sales in 2006 and currently has over 4,000 employees. Hercules is a world leader in products and services that include coatings, food, pharmaceuticals, personal care, energy, pulp, bio-refining, adhesives, lubricants, and water management. Hercules Incorporated is a publicly traded company on the New York, Philadelphia, Midwest, and Pacific Exchanges. (Ticker symbol: HPC). Website: www.herc.com.

At the completion of the JDA, a joint venture between Hercules and HRT was formed. The JV, named H2H Innovations, allows HRT to participate in the upside potential when the maximum value of the technology will be realized in the future. H2H Innovations was officially formed in June of 2007.