Investing in the Deicing Future

Investing in the Deicing Future
Ascent Aviation and Dow Chemical Announce New Commercial Alliance

Midland, MI - March 31, 2004

Ascent Aviation Group and The Dow Chemical Company are teaming up and creating a strong network to service the aviation deicing marketplace. With over 75 years of old-fashioned personal service, Ascent is poised to offer its customers superior service and supply capabilities with reliable UCAR™ aviation deicing fluids starting next winter season.

"At Ascent, we pride ourselves on years of dedicated personal service," says Had Fuller, president and owner of Ascent. "We know winter and we know our customers. Our new relationship with Dow Chemical, as a fluid supplier, will allow our customers to realize benefit after benefit including immediate product improvements and a broad mix of UCAR aviation deicing fluids. Our customers will also notice the long-term benefit of teaming with an experienced, innovative player in the industry. And, with a flexible logistics network and multiple storage locations, Dow and Ascent are prepared to provide customers with an expanded reliable supply of high-quality deicing products. An Ascent-Dow alliance is an investment in the deicing future."

Ascent's customer base and approach to the market compliment Dow's market position. By leveraging each other's strengths, it will allow both companies to expand in the markets they serve. With a long history in the aviation industry, Ascent is highly experienced, knowledgeable and has a strong understanding of the important safety and handling components of these products. Ascent is an excellent channel partner for Dow.

"We are very excited about this new alliance," says Jim Batt, Business Director, Dow Chemical. "With a similar vision for growth and dedication to innovation, this long-term commercial alliance will benefit Ascent customers and drive industry improvements. Dow is a significant player in the industry with a recognized history of innovation including the development of the first Type IV deicing fluid. By teaming with Ascent, we will continue to drive innovation and seek solutions to meet unique industry challenges."

Dow is heavily invested in research and development and dedicated to constantly improve its products, seek innovative solutions and surpass industry expectations. Dow is the largest global producer of glycols with over 40 years experience in the aviation industry.

Ascent is a major supplier of aircraft deicing fluids, Phillips 66 branded and unbranded aviation fuels, and ground support equipment to airlines, FBO's, refiners, and terminal operators. Ascent provides a 24-hour ordering department with experienced customer service representatives offering "the personal approach" to delivery sensitive services and the knowledge to meet unusual demands that any deicing season presents.

Dow is a leader in science and technology, providing innovative chemical, plastic and agricultural products and services to many essential consumer markets. With annual sales of $33 billion, Dow serves customers in more than 180 countries and a wide range of markets that are vital to human progress, including food, transportation, health and medicine, personal and home care, and building and construction, among others. Committed to the principles of sustainable development, Dow and its approximately 46,000 employees seek to balance economic, environmental and social responsibilities. References to "Dow" or the "Company" mean The Dow Chemical Company and its consolidated subsidiaries unless otherwise expressly noted.

For further information or to set up interviews with Ascent or Dow Chemical, please contact Christy Smith, Business Communications Manager, The Dow Chemical Company, at (989) 636-4384.

For more information on the web, visit:
http://www.ascent1.com, Ascent Aviation Group
http://www.ucaradf.com, UCAR aviation deicing fluids
http://www.dow.com, The Dow Chemical Company

The DOW Diamond is a trademark of The Dow Chemical Company
®™^* Trademark of The Dow Chemical Company ("Dow") or an affiliated company of Dow
**Trademark of Ascent Aviation Group


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