PRESS RELEASE Contact: Marilyn VanOrden mvanorden@daikin-america.

com Phone: 845-365-9518 For Immediate Release January 31, 2011

DAIKIN TO BUILD A MANUFACTURING PLANT IN THE U.S. TO PRODUCE ELECTROLYTE SOLUTIONS FOR THE LITHIUM ION BATTERY MARKET Daikin Industries announces its decision to become a supplier of electrolyte solutions to the emerging North American lithium ion battery market. Daikin is uniquely positioned to supply electrolyte formulations that contain fluorinated solvents and additives. Daikins patented chemistries enable manufacturers to build lithium ion batteries with higher energy density, longer life, and greatly enhanced safety. According to Adam Brozzetti, Vice President of New Business Development at Daikin, Our business model is to work closely with each battery manufacturer to establish the optimum electrolyte formulation for their design. We also plan to continue to push the envelope on battery performance and we are confident that our technologies are ideally suited for this. Daikin is currently completing a laboratory facility in Decatur, Alabama that will begin providing samples of electrolyte to battery manufacturers in February 2011. Engineering design for an electrolyte pilot plant and a commercial plant, both to be located in Decatur, have also been initiated. The pilot facility is scheduled to come on stream in early 2012. Completion of the commercial plant is targeted for 2013. Capacity for the commercial electrolyte plant has not yet been announced.

Daikin America, Inc., headquartered in Orangeburg, New York, is one of the largest fluoropolymer suppliers in the world. Daikin provides molding resins, fine powders, aqueous dispersions, melt processable fluoropolymers, and fluoroelastomers for many critical applications. Daikin America is a wholly owned subsidiary of Daikin Industries Ltd of Osaka, Japan. Daikin is Japans leading manufacturer of air conditioning and refrigeration equipment, and fluorochemical products.