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• High-Performance Composites: Lightweight and strong materials engineered for demanding applications in industries such as aerospace, automotive, and defense.
• Specialty Polymers: Advanced plastic formulations providing enhanced properties like heat resistance, chemical inertness, or electrical conductivity for specific industrial and medical uses.
• Advanced Ceramics: Extremely durable and heat-resistant components utilized in high-temperature applications, electronics, and wear-resistant parts.
• Nanomaterials: Materials engineered at the nanoscale to exhibit unique properties for applications requiring enhanced strength, conductivity, or catalytic activity.
• Functional Coatings: Thin-film materials applied to surfaces to impart specific protective or performance-enhancing properties like corrosion resistance or optical characteristics.

Major Customers of Solstice Advanced Materials (SOLS)

Disclaimer: As "Solstice Advanced Materials" with the symbol SOLS does not appear to be a real, publicly traded company in standard financial databases, the following major customers are provided as a *hypothetical example* based on the typical business model and customer base for a company operating in the "Advanced Materials" sector. Such a company would almost certainly sell primarily to other businesses (B2B).

If Solstice Advanced Materials (SOLS) were a public company specializing in advanced materials, its major customers would likely be large industrial players requiring specialized inputs for their manufacturing processes. These would primarily be other companies.

Hypothetically, its major customer categories and example companies might include:

• Aerospace & Defense Manufacturers: These companies require high-performance, lightweight, and durable materials for aircraft, spacecraft, and defense systems.
  • Boeing (NYSE: BA)
  • Lockheed Martin (NYSE: LMT)
• Automotive Original Equipment Manufacturers (OEMs), especially those focused on Electric Vehicles (EVs): Advanced materials are crucial for lightweighting, battery technology (e.g., cathode/anode materials), and specialized components in modern vehicles.
  • Tesla (NASDAQ: TSLA)
  • General Motors (NYSE: GM)
• Electronics & Semiconductor Manufacturers: These companies rely on cutting-edge materials for chip fabrication, display technologies, thermal management, and various electronic components.
  • Intel (NASDAQ: INTC)
  • Taiwan Semiconductor Manufacturing Company (TSMC) (NYSE: TSM)

David Sewell, President and Chief Executive Officer

Mr. Sewell brings more than 30 years of experience in the materials and chemicals industries. He most recently served as the President and Chief Executive Officer of WestRock Company. Prior to that, he was the President and Chief Operating Officer of The Sherwin Williams Company and spent over 15 years in General Electric's Plastics and Advanced Materials Division. He currently serves on the Boards of the National Association of Manufacturers and Huntsman Corporation.

Tina Pierce, Chief Financial Officer

Ms. Pierce has over 25 years of experience at Honeywell, where she currently serves as the Vice President and Chief Financial Officer of Honeywell Industrial Automation. She has held global Chief Financial Officer roles for several major business segments, including Performance Materials and Technologies and Home and Building Technologies. She previously served on the board of directors of Garrett Motion, Inc.

Dr. Rajeev Gautam, Non-executive Chairman of the Board

Dr. Gautam brings more than four decades of experience at Honeywell in the process technologies and advanced materials sectors. Before his retirement in 2021, he served as President and Chief Executive Officer of Honeywell Performance Materials and Technologies (PMT) and also previously as President of Honeywell UOP. He currently serves on the board of directors of NN, Inc.

Jeff Dormo, Senior Vice President and General Manager

Mr. Dormo currently leads a business unit of Honeywell Advanced Materials. He brings a significant range of experience in the chemicals and specialty materials industry, with a focus on business growth.

Simon Mawson, Senior Vice President and General Manager

Mr. Mawson currently leads a business unit of Honeywell Advanced Materials. He brings a significant range of experience in the chemicals and specialty materials industry, with a focus on business growth.

Solstice Advanced Materials (SOLS) operates in several key markets with substantial global addressable sizes:

• Refrigerants: The global refrigerants market size was valued between USD 6.99 billion in 2024 and USD 28.86 billion in 2024, with projections to reach between USD 9.56 billion by 2029 and USD 53.02 billion by 2032, growing at a CAGR ranging from 4.7% to 7.9%. Asia Pacific is identified as the largest market for refrigerants. North America is also a significant market, with the U.S. market alone projected to reach USD 11.98 billion by 2032.
• Semiconductor Materials: The global semiconductor materials market was valued between USD 64.96 billion in 2024 and USD 80.79 billion in 2025. It is projected to grow to a range of USD 96.24 billion by 2032 and USD 101.89 billion by 2030, with CAGRs between 4.2% and 4.75%. Asia Pacific held the dominant share of this market, at 48.39% in 2024.
• Protective Fibers: The global market for industrial protective fabrics or protective textiles ranged from USD 5.01 billion in 2024 to USD 13.34 billion in 2023. Forecasts indicate growth to between USD 9.20 billion by 2032 and USD 20.2 billion by 2032, with CAGRs varying from 4.50% to 12.1%. Asia-Pacific is expected to dominate the global protective fabric market.
• Healthcare Packaging: The global healthcare packaging market was valued between USD 43.129.1 million in 2023 and USD 171.81 billion in 2023. It is anticipated to grow to a range of USD 60.010.4 million by 2030 and USD 300.87 billion by 2032, with CAGRs between 4.14% and 6.55%. North America dominated the healthcare packaging market, holding over 34.5% of the market share in 2024.
• Data Center Cooling: The global data center cooling market size was estimated between USD 16.84 billion in 2024 and USD 22.13 billion in 2024. It is projected to reach between USD 42.48 billion by 2032 and USD 80.1 billion by 2033, with CAGRs between 12.4% and 17.10%. North America dominated this market in 2024.
• Alternative Energy Solutions: The global alternative energy materials market or alternative energy market was valued between USD 1.90 billion in 2022 and USD 1055.18 billion in 2024. It is projected to reach between USD 3.22 billion by 2030 and USD 4018.0 billion by 2035, with CAGRs between 6.5% and 12.3%. Asia Pacific holds the largest market share for advanced energy materials.
• Research and Performance Chemicals (part of Specialty Chemicals): The global specialty chemicals market was valued between USD 563.76 billion in 2023 and USD 978.973.1 million in 2024. It is predicted to reach between USD 762.08 billion by 2030 and USD 1,332.04 billion by 2034, with CAGRs ranging from 3.94% to 5%. Asia-Pacific dominates the global specialty chemical market.

1. Transition to Environmentally Friendly Refrigerants (HFOs): Solstice is experiencing robust demand for its refrigerants, driven significantly by the ongoing global transition to hydrofluoroolefin (HFO) refrigerants. This shift is largely propelled by regulatory mandates and a growing emphasis on environmentally friendly solutions. The company's Refrigerants & Applied Solutions segment has already demonstrated strong sales growth, capitalizing on this HFO transition.
2. Growth in Electronic Materials for Advanced Computing and Semiconductors: The Electronic Materials sub-segment is a key growth driver, benefiting from increasing volume and improving order patterns in offerings such as sputtering targets and thermal interface materials. This growth is underpinned by strong secular trends in advanced computing and the broader semiconductor industry.
3. Expansion in Data Center Cooling and Electric Vehicle Production: Solstice anticipates continued strong demand for its refrigerants due to the rapid expansion of data centers and the increasing production of electric vehicles. These emerging and growing applications represent significant market opportunities for the company's specialized materials.
4. Increasing Demand in Safety and Defense Solutions and Alternative Energy Services: Solstice is observing strong demand within its Safety and Defense Solutions offerings. Additionally, the company is experiencing a growing order backlog in its Alternative Energy Services, propelled by favorable industry trends.

Share Issuance

• Solstice Advanced Materials completed its spin-off from Honeywell on October 30, 2025, and its shares began trading independently on Nasdaq under the ticker symbol SOLS.
• As part of the spin-off, each Honeywell shareowner received one share of Solstice common stock for every four shares of Honeywell common stock held as of the record date of October 17, 2025.
• As of a recent date, Solstice Advanced Materials had 158.72 million shares outstanding.

Capital Expenditures

• Capital expenditures for the nine months ended September 30, 2025, were $248 million, marking a 23% increase compared to the prior-year period.
• For the full year 2025, Solstice Advanced Materials anticipates capital expenditures to range between $365 million and $415 million.
• The primary focus of these capital expenditures is on reinvesting in the business, particularly in key high-return growth areas such as technology platforms for semiconductors, AI, and data centers.