Mt. Laurel, New Jersey. PTC Organics, Inc. of Mt. Laurel, New Jersey is pleased to announce that it has entered into a development agreement with FMC Corporation's Agricultural Products Group. The agreement provides that PTC Organics will work with FMC to develop and apply phase transfer catalysis technologies to enhance existing FMC manufacturing processes. FMC is implementing the "PTC Cost Savings Program" as part of their Agricultural Products Group's Six Sigma Program. "We are extremely happy to be working with a company of the caliber of FMC and are encouraged by the early technical progress we have achieved," said Dr. Marc Halpern, President of PTC Organics.

FMC is one of the world's leading producers of chemicals and machinery for industry and agriculture, and participates on a worldwide basis in five broad markets: Energy Systems, Food and Transportation Systems, Agricultural Products, Specialty Chemicals and Industrial Chemicals. FMC operates 90 manufacturing facilities and mines in 25 countries.

PTC Organics is the only company dedicated exclusively to developing and commercializing advantageous high performance processes for the manufacture of organic chemicals using phase-transfer catalysis. PTC Organics offers the performance-based PTC Cost Savings Program to chemical companies, which have opportunities to achieve cost savings using phase-transfer catalysis.

July 20, 2001

For immediate release