Solstice Invests $49M To Expand R&D Capabilities In Buffalo, NY; Empire State Development To Support The Investment With Up To $1.4M In Performance-Based Tax Credits Through New York's Excelsior Jobs Program

Solstice Advanced Materials (NASDAQ: SOLS) plans to invest $49 million to expand its research and development capabilities at its Buffalo, New York facility. This investment aims to strengthen its innovation in refrigerants, advanced cooling, and other high-growth applications, and is supported by up to $1.4 million in performance-based tax credits from New York's Excelsior Jobs Program. The upgrades will include enhanced toxicological testing and the construction of a lab for advanced energy storage materials.