Italian Car Maker Awards Gurit with New Exterior Body Panels Contract

Zurich, Switzerland, (PresseBox) - Gurit (SIX Swiss Exchange: GUR), a worldwide leading developer and manufacturer of advanced composite materials, components and technologies, today announced that it has won a new contract for the production and supply of carbon fiber-based exterior car body panels to an Italian premium automotive OEM.  

Total value of the two-year contract is at around CHF 9 million, supply to the project is scheduled to start in January 2018.

As part of the contract, Gurit will supply carbon fiber-based hoods and further exterior body panels to achieve best-in-class functional performance for the high-performance car. The parts will be manufactured with Gurit`s patented press technology and are based on a new material and design concept.

Furthermore, Gurit`s Composite Engineering department has been involved in the structural design of the parts, including Finite Element Analysis (FEA) for mechanical loading performance and head impact predictions of the parts.

Volume production of the car parts will be carried out at Gurit`s Hungarian plant, which employs a highly skilled and experienced workforce for automotive body panel manufacture.

“We are very pleased to work on such a prestigious program. It is a clear sign of our engineering and manufacturing capabilities that we have built up over the course of the years,” says Keith Netting, Head of Sales and Program Engineering.

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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