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Gurit Wins Four-Year Automotive Components Supply Contract

(PresseBox) (Zürich, ) Gurit (SIX Swiss Exchange: GUR), a worldwide leading developer and manufacturer of advanced composite materials and technologies, today announced that it has been selected as the supplier for carbon fiber-based automotive body panels by a British premium automotive OEM.

Total value of the four-year contract is at around CHF 15 million. Supply to the project is scheduled to start in June 2018.

Prototyping and development work for the project will be carried out in the Company`s technology center in the UK. Volume production of the car parts will be done at Gurit`s new Hungarian plant using the Company`s novel press technology.

All trademarks used or mentioned in this release are protected by law.

Forward-looking statements:

To the extent that this announcement contains forward-looking statements, such statements are based on assumptions, planning and forecasts at the time of publication of this announcement. Forward-looking statements always involve uncertainties. Business and economic risks and developments, the conduct of competitors, political decisions and other factors may cause the actual results to be materially different from the assumptions, planning and forecasts at the time of publication of this announcement. Therefore, Gurit Holding AG does not assume any responsibility relating to forward-looking statements contained in this announcement.


About Gurit Holding AG

The companies of Gurit Holding AG, Wattwil/Switzerland, (SIX Swiss Exchange: GUR) are specialized on the development and manufacture of advanced composite materials, related technologies and select finished parts and components. The comprehensive product range comprises fiber reinforced prepregs, structural core products, gel coats, adhesives, resins and consumables. Gurit supplies global growth markets with composite materials on the one hand and composite tooling equipment, structural engineering and select finished parts on the other. The global Group has production sites and offices in Switzerland, Germany, Hungary, Italy, Spain, the U.K., Canada, the U.S.A., Brazil, Ecuador, Australia, New Zealand, India and China. For more information, please visit www.gurit.com

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