Press Releases: 04/31/2009

OL&T and W. R. Grace Sign Agreement Multi-Year Contract Extension through 2011

DANBURY, Conn. (Apr. 13, 2009) — Odyssey Logistics & Technology Corporation (OL&T), a global logistics and transportation service provider for chemical and process industries, announces that W. R. Grace & Co. have renewed their multi-year contract through 2011. OL&T will continue to provide managed logistics services for Grace’s North American businesses covering all modes of commercial transportation.

As their logistics outsourcing partner since 2005, Odyssey Logistics & Technology has provided Grace with a complete transportation supply chain solution including carrier selection and qualifications, contract negotiations, claims and non-conformance management and reporting, as well as tendering and freight audit and payment services.

”We are delighted to be continuing our relationship with Grace to provide all of their North American logistics services,” said Robert Shellman, chief executive officer and president of OL&T. “Our teams have the expertise and knowledge of the chemicals transportation market to continue to deliver significant value to Grace in the coming years.  We are proud that Grace is solidifying its commitment with us by signing this contract extension.”

Grace’s Director of Global Logistics and Trade Compliance, Tom Brossart commented: “Our relationship with Odyssey Logistics & Technology has been extremely valuable with their skills fulfilling our logistics needs and providing value to our businesses. It has been a further benefit that the activities being handled by OL&T are fully integrated into Grace’s SAP system which provides seamless and easy accessibility to actionable data for our internal team.”

About Grace

Grace is a leading global supplier of catalysts and other products to petroleum refiners; catalysts for the manufacture of plastics; silica-based engineered and specialty materials for a wide-range of industrial applications; sealants and coatings for food and beverage packaging, and specialty chemicals, additives and building materials for commercial and residential construction. With annual sales of more than $3.3 billion, Grace has approximately 6,300 employees and operations in over 40 countries. For more information, visit Grace’s web site at .

About OL&T

Odyssey Logistics & Technology provides global logistics management services to the chemical industry and other process manufacturers. OL&T delivers a comprehensive portfolio of logistics services so that clients’ products are delivered safely, reliably and economically, with the advantage of shipment visibility and actionable data across all modes.

OL&T presents a unique scope of industry knowledge, experience and technology, applied to client supply chain operations in two distinct outsourced logistics contexts:  Managed Logistics Services and Third Party Services. The OL&T team of chemical engineers and logisticians brings unparalleled expertise—they are chemical and process industry insiders, intimately familiar with the supply chain complexities and hazardous materials requirements. Its technology backbone, the Odyssey Global Logistics PlatformSM features a net-native transportation management infrastructure that supports highly integrated, flexible and data-rich service offerings.

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