Gurit announces new supply contract in Automotive from existing prestigious OEM

Wattwil, (PresseBox) - Gurit (SIX Swiss Exchange: GUR) a leading global supplier of composite materials, engineering and technical solutions to the wind energy, transportation, tooling, marine and engineered structures markets, today announces a new supply contract in Automotive from a prestigious existing customer. The prototype deliveries are due to start now and series production will run from Quarter 4, 2013 until Quarter 4, 2014 and represent a volume of ca. 5 MEUR. This will support the expanding production output in Gurit's automotive composite car body parts business in England.

Martin Starkey, Managing Director of Gurit Automotive, added: "This project will be one of our customers most technically advanced vehicles and we are therefore extremely proud to support them with an equally advanced composite Class A technology.'

Gurit Holding AG

The companies of Gurit Holding AG, Wattwil/Switzerland, (SIX Swiss Exchange: GUR) are specialised on the development and manufacture of high-end composite materials featuring bespoke physical and chemical characteristics. The comprehensive product range comprises fibre reinforced prepregs, structural foam, gel coats, adhesives, resins and consumables as well as certain finished parts, composite process equipment and tooling. Gurit supplies growth markets in Wind Energy, Tooling, Transportation and Marine. The international Group has production sites and offices in Switzerland, Germany, the UK, Canada, Spain, Australia, New Zealand, the USA, India, China and Ecuador.

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