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Momentive Performance Materials Inc. Announces Purchase of Certain Assets of Osram Sylvania Products Inc.

10-13-2008 11:27 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Momentive Performance Materials GmbH

/ PR Agency: EMG
LEVERKUSEN, GERMANY - OCTOBER 7, 2008 - Momentive Performance Materials Inc. (the “Company”) today announced that its wholly-owned subsidiary, Momentive Performance Materials Quartz, Inc., has acquired certain assets of the semiconductor and lighting quartz products business of Osram Sylvania Products Inc. (“OSPI”), including manufacturing equipment, inventory, intellectual property and customer lists. OSPI is a wholly-owned subsidiary of OSRAM Sylvania Inc. Terms of the transaction were not disclosed.

“This acquisition is an important step in our plans to invest in and further develop our semiconductor and lighting quartz products businesses,” said Ray Kolberg, President and CEO of Momentive Performance Materials Quartz. He added, “We are committed to achieving a seamless transition process for our new customers. As we move forward, we will continue to focus on supporting our customers by delivering high quality products and excellent service.”

“This transaction is consistent with the Company’s overall strategy of strengthening its businesses through acquisitions and investments with attractive returns," said Jon Rich, President and CEO of the Company. “We believe it is prudent to build upon our leading position in the quartz business to better position us for future growth.”

About Momentive Performance Materials
Momentive Performance Materials Inc. is a premier specialty materials company, providing high-technology materials solutions to the silicones, quartz and ceramics markets. The company, as a global leader with worldwide operations, has a robust product portfolio, an enduring tradition of service excellence, and industry-leading research and development capabilities. Momentive Performance Materials Inc. is controlled by an affiliate of Apollo Management, L.P. Additional information is available at www.momentive.com.

PR-Contact Europe, Middle East, Africa & India
Robert Scheib
robert.scheib@momentive.com
+49 214 304 0532

PR-Contact Americas/Canada
Nancy Pitts
nancy.pitts@momentive.com
+1 203 761 1938

PR-Contact Asia/Pacific (Japan, Korea, South East Asia, Australia)
Yoshiko Matsuda
Yoshiko.Matsuda@momentive.com
+81 3 5544 3092

PR-Contact Asia/Pacific (Greater China)
Joyce Sun
Joyce.Sun@momentive.com
+86 21 3860 4706

PR-Agency Europe, Middle East, Africa & India
EMG, Brigitta de Vries
bdevries@emg.nl
+31 164 317 020

PR-Agency Asia/Pacific (Japan, Korea, South East Asia, Australia)
Tokyo PR, Mitsuyoshi Sugino
sugino@tokyopr.co.jp
+81 3 3273 2731

PR-Agency Asia/Pacific (Greater China)
Fortune China Public Relations Ltd., Ren Yi
Yi.ren@fortunechina.com.cn
+86 21 6289 5658 – 22

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