P2i Acquires Surface Innovations

Abingdon, United Kingdom — July 13, 2010 — P2i Limited, the world leader in liquid repellent
nano-coating technology, has acquired 100 per cent of the share capital of Surface Innovations Ltd,
a UK-based technology company with a wide range of functional nano-coating patents. The terms of
the deal were not disclosed.

The acquisition expands P2i’s product portfolio beyond its market-leading technologies for
liquid repellency, adding “functional” coating technologies with applications including
anti-bacterial resistance, liquid attracting (super wettable), and many others.

Surface Innovations is a research and development company with 17 patent families that focus
on functional nano-coatings obtained using plasma enhanced chemical vapor deposition. It was
founded in 2001 by Professor Jas Pal Badyal as a spin-out of Durham University. Professor Badyal
will sit on a new Technical Advisory Panel to provide ongoing scientific advice to P2i, as well as
developing new patents and applications for the company.

The acquisition of Surface Innovations comes as P2i gains commercial traction in all five of
its core markets: Electronics, Lifestyle, Energy and Filtration, Life Sciences and
Military/Institutional. In the past year, P2i has tripled its employees to 75 and scaled up its
operations, which are now located across Europe, North America and Asia (China, Singapore, Thailand
and Indonesia).

Carl Francis, Chief Executive of P2i, said: “P2i has excelled in commercializing its liquid
repellent nano-coating technology, proving beyond doubt that plasma processing is a viable, cost
effective industrial process. As our customer base expands and their requirements broaden, the
technology we have acquired will enable us to commercialize new functional coatings that further
enhance the performance of products ranging from consumer electronics to military clothing.

Dr Stephen Coulson, P2i’s Chief Technical Officer, said: “Bringing Surface Innovations into
P2i accelerates our expansion into functional nano-coatings beyond liquid repellency. Its clear
lead in areas such as anti-microbial, super wettable fabrics and protein resistance gives us a
great springboard into the world of functional nano-coatings and allows us to respond timely to
numerous customer requirements.

Prof Jas Pal Badyal, previously majority shareholder of Surface Innovations, commented: “I’m
delighted that my research and patents are now with P2i, which has a proven capability in
commercializing plasma technology. It is the perfect vehicle to deploy these various technologies
into global markets. We have highly complementary skills sets and this acquisition will see many
exciting new inventions launched into P2i’s primary markets.”

Posted on July 27, 2010

Press Release Courtesy of P2i Ltd.