MINNEAPOLIS, April 21, 2023 (GLOBE NEWSWIRE) — Northern Technologies International Corporation NTICa leading developer of anti-corrosion products and services and bio-based and biodegradable polymer resin compounds, today announced that its Board of Directors has declared a quarterly cash dividend of $0.07 per share, payable to shareholders of record on May 17, 2023 at the close of business on May 3, 2023.

About Northern Technologies International Corporation

Northern Technologies International Corporation develops and markets proprietary, environmentally friendly products and services in more than 65 countries, either directly or through a network of subsidiaries, joint ventures, independent distributors and agents. NTIC’s main business is anti-corrosion, which is mainly marketed under the ZERUST brand^® Brand. NTIC has sold its proprietary ZERUST^® Providing rust and corrosion inhibiting products and services to the automotive, electronic, electrical, mechanical, military and retail consumer markets for nearly 50 years and more recently also targeting and expanding into the oil and gas industry. NTIC provides on-site technical advice on rust and corrosion protection issues worldwide. NTIC’s Technical Service Advisors work directly with the end users of NTIC’s products to analyze their specific needs and design systems that meet their technical requirements. NTIC also markets and sells a portfolio of bio-based and biodegradable polymeric resin compounds and finished products marketed under Natur-Tec^® Brand.

Investor and media contacts:
Matthew Wolsfeld, Chief Financial Officer
NTIC
(763) 225-6600