Dow and HPL Sign Technology Transfer Agreement

MIDLAND, Mich., Nov. 12 /PRNewswire-FirstCall/ -- The Dow Chemical Company
(NYSE: DOW) announced today the transfer to Dow of collective assets from HPL
(High Power Lithium), a company focused on the development of nano-structured
energy storage materials and novel electrolytes for use in all lithium ion
battery applications.

"HPL has made critical strides in developing next generation metal phosphate
electrode materials and electrolyte system technology," said Bill Banholzer,
CTO and executive vice president for Dow. "HPL's exciting phosphate
technology brings a combination of safety and increased energy density that
when applied to Dow's Energy Storage Solutions business will significantly
enhance Dow's offering of component materials to the lithium ion battery
markets."

HPL brings synthesis and development of novel nano-materials, the ability to
process and optimize nano-materials for use in battery electrodes and cells,
comprehensive physical and electrochemical characterization facilities and
screening and development of novel electrolytes and systems.

"This technology transfer merges HPL's enabling advanced technology with Dow's
unrivaled ability to apply and bring the technology to market," said Fernand
Kaufmann, Chairman of HPL. "Dow is the perfect partner to enable lithium ion
battery manufacturers to get the full commercial benefit from HPL technology."

About Dow

Dow is a diversified chemical company that combines the power of science and
technology with the "Human Element" to constantly improve what is essential to
human progress. The Company delivers a broad range of products and services to
customers in approximately 160 countries, connecting chemistry and innovation
with the principles of sustainability to help provide everything from fresh
water, food and pharmaceuticals to paints, packaging and personal care
products. In 2008, Dow had annual sales of $57.4 billion and employed
approximately 46,000 people worldwide. The Company has 150 manufacturing sites
in 35 countries and produces approximately 3,300 products. On April 1, 2009,
Dow acquired Rohm and Haas Company, a global specialty materials company with
sales of $10 billion in 2008, 98 manufacturing sites in 30 countries and
approximately 15,000 employees worldwide. References to "Dow" or the "Company"
mean The Dow Chemical Company and its consolidated subsidiaries unless
otherwise expressly noted. More information about Dow can be found at
www.dow.com.

About HPL

HPL is a spinout company from Professor Graetzel's laboratory at the EPFL
(Ecole Polytechnique Federale de Lausanne, Switzerland) focused on the
development of nano-structured metal oxides energy storage materials and novel
electrolytes for use in next generation lithium ion batteries. The company is
financed by the founders, Draper Fisher Jurvetson ePlanet Ventures, Initiative
Capital Romandie (managed by DEFI-Gestion), Bankinvest New Energy Solutions
and private investors.

SOURCE The Dow Chemical Company

David Winder, The Dow Chemical Company, +1-989-636-0626