Empire State Development to support the investment with up to $1.4 million in performance-based tax credits through New York's Excelsior Jobs Program

Investment intended to strengthen Solstice's innovation capabilities supporting refrigerants, advanced cooling and other high-growth applications

MORRIS PLAINS, N.J., Oct. 9, 2026 /PRNewswire/ -- Solstice Advanced Materials (NASDAQ:SOLS), a global leader in high-performance specialty materials, today announced plans to invest $49 million to expand research and development (R&D) capabilities at its Buffalo, New York facility. The investment is intended to enhance Solstice's ability to develop and commercialize next-generation technologies for high-growth markets and is supported by up to $1.4 million in performance-based tax credits from New York State.

The investment will go toward establishing a next-generation innovation platform at Solstice's Buffalo research campus. The upgrades will include expanded capabilities for refrigerant and thermal management research, enhanced toxicological testing to support the efficient development of new technologies and the construction of a lab for advanced energy storage materials.