Gurit Successfully Completes Aerospace Qualification

Zürich, (PresseBox) - Gurit (SIX Swiss Exchange: GUR), a worldwide leading developer and manufacturer of advanced composite materials, components and technologies, today announced that it has successfully completed material qualification for a global aerospace manufacturer.  

Upon successful completion of the qualification process, Gurit has now been added to the manufacturer`s official supplier database. As the qualification was achieved for existing aircraft types, sales of the listed materials can start at once.

Gurit expects short-term revenue potential of the qualification to be in the low single-digit million Swiss francs range. Mid- to long-term, the product listing has the potential to produce double-digit million Swiss francs revenues on top of the existing aerospace business.

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.

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., Poland, Canada, the U.S.A., Ecuador, Australia, New Zealand, India and China. For more information, please visit www.gurit.com

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