GlobeNewswire Inc | Jan 21, 2022 04:00PM EST

January 21, 2022

MINNEAPOLIS, Jan. 21, 2022 (GLOBE NEWSWIRE) -- Northern Technologies International Corporation (NASDAQ: NTIC), a leading developer of corrosion inhibiting products and services, as well as bio-based and biodegradable polymer resin compounds, today announced that the Board of Directors declared a quarterly cash dividend of $0.07 per share payable on February 16, 2022 to shareholders of record at the close of business on February 2, 2022.

About Northern Technologies International CorporationNorthern Technologies International Corporation develops and markets proprietary environmentally beneficial products and services in over 60 countries either directly or via a network of subsidiaries, joint ventures, independent distributors and agents. NTICs primary business is corrosion prevention marketed primarily under the ZERUST brand. NTIC has been selling its proprietary ZERUST rust and corrosion inhibiting products and services to the automotive, electronics, electrical, mechanical, military and retail consumer markets for over 40 years and in recent years has targeted and expanded into the oil and gas industry. NTIC offers worldwide on-site technical consulting for rust and corrosion prevention issues. NTICs technical service consultants work directly with the end users of NTICs products to analyze their specific needs and develop systems to meet their technical requirements. NTIC also markets and sells a portfolio of bio-based and biodegradable polymer resins and finished products marketed under the Natur-Tec brand.

Investor and Media Contacts:Matthew Wolsfeld, CFONTIC(763) 225-6600