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Symyx Technologies, Inc. has filed its S-1. Web site: symyx.com From the S-1: We are a pioneer of high-speed technologies for the discovery of new materials. Materials and their diverse properties contribute in a vital way to many of the products we use everyday. Examples include the catalysts used in the manufacture of major chemicals, plastics and rubbers, the plastics in many of our household and office goods, the phosphors in computer and television screens, the pigments and additives in paint and the polymers on the bottom ofsneakers. The chemical and electronics companies that produce these materials are facing heightened pressure to achieve growth targets and increase profitability. These companies are focused on reducing costs, increasing innovation, and creating new businesses based on proprietary materials. We believe that we can discover new materials in a more productive and cost-effective manner than by using traditional methods. Our proprietary technologies, including instruments, software and methods, represent complete platforms designed to cost-effectively accelerate materials discovery and fundamentally change the way materials are discovered. We generate hundreds to thousands of unique materials at one time and screen those materials rapidly and automatically for desired properties. This "combinatorial" approach greatly accelerates the research process. We believe our approach is up to 100times faster than traditional research methods and reduces the cost per experiment to as low as 1% of traditional research methods. We apply our proprietary combinatorial technologies to discover materials both for ourselves and in collaboration with major companies. Most of these companies are in the chemical and electronics industries. Our current partners include Agfa, BASF, Bayer, Celanese, Ciba Specialty Chemicals, Dow Chemical, Osram OS (an affiliate of Siemens) and Unilever. These partners and other collaborators have committed a total of over $85 million in near-term research funding, of which we have received $43 million through June 30, 1999. If a new material is discovered and commercialized, we generally will receive either royalties or milestone payments. We are applying our technology to discover a wide range of materials, across commodity chemicals and polyolefins, fine chemicals, specialty polymers and electronic materials. These areas all represent substantial worldwide markets. For example, in commodity chemicals and polyolefins, our target catalysts could be applied to the manufacture of products with a worldwide annual market in excess of $500 billion. In addition to our alliances, we are seeking to meet the growing demand for combinatorial technologies by offering selective access to some of our equipment and technologies, including our Discovery Tools. As a pioneer of high-speed materials discovery, we have focused on building a strong competitive position through both our people and our intellectual property. We have assembled a diverse technical and scientific team to enable us to create, validate and apply high-speed discovery technologies. Our team includes chemists, physicists, engineers and programmers. In addition, we have filed over 80 patent applications in the United States and more than 110 worldwide, covering combinatorial methodologies, instruments and software and novel materials. Original filing date: September 21, 1999 Exchange: Nasdaq Proposed symbol: SMMX Proposed offering: $69.0 MM Underwriters: Credit Suisse First Boston, Donaldson, Lufkin & Jenrette, Invemed Associates, Schroder & Co., Inc. | ||||||||||||||
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