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10.01.2013 – 11:19

Lenzing AG

EANS-News: Lenzing AG
Lenzing Partners with NanoCarbons LLC to Develop New Activated Carbons for Energy Storage Systems

  Corporate news transmitted by euro adhoc. The issuer/originator is solely
  responsible for the content of this announcement.

Research & Development

Lenzing (euro adhoc) - Lenzing AG and NanoCarbons LLC, Fort Lauderdale (Florida,
USA), will cooperate in the future to develop and explore the use of new
activated carbons in electrode technology. This technology is based on a
combination of Lenzing's TENCEL® fibers and the technology provided by
NanoCarbons LLC. After extensive research Lenzing constructed a new pilot
production facility to take the technology forward. 

The jointly developed carbons should deliver optimal performance in the area of
energy storage. It is believed that these new carbons will accelerate the
development of the already rapid growth in uses of electrical devices such as
double layer capacitors (also known as ultra capacitors or super capacitors).
These high performance capacitors are being increasingly used in hybrid vehicles
as well as with stop-start systems, uninterruptable power supplies and wind
turbine blade orientation. 

"For Lenzing, the development of new, special applications in the technical
segment comprises an important extension of the use of our fibers", says Peter
Untersperger, Chief Executive Officer of the Lenzing Group in commenting on the
new partnership. "The strongly growing market for energy storage devices is a
promising market niche for us. With our TENCEL® fibers we will certainly witness
the development of a series of additional, highly interesting technical
applications in the coming years."

Friedrich Weninger, COO of the Lenzing Group with management responsibility for
research and development, adds: "We are continuing to invest in new areas of
research to increase the range and reach of our product portfolio, both in-house
and through external cooperation. The new carbons optimally complement our
existing business with separator materials for the energy storage devices.    
We strongly believe in the future growth of this market. We are offering our
customers a sustainable product with consistent quality to allow the industry to
develop further." 
Rud Istvan, CEO of NanoCarbons LLC, comments: "I strongly believe that this
development will allow the double layer capacitor market to make a significant
advancement. With the combination of Lenzing's technical understanding and
infrastructure and Nanocarbons' technology, we can expect an acceleration in the
market uses and exploitation of double layer capacitors, from new automotive
stop-start systems to uninterruptable power supplies. This could be a
breakthrough for electrode technology that will reap dividends for the designers
of electrical components and the drivers of vehicles alike."

Further inquiry note:
Lenzing AG
Mag. Angelika Guldt
Tel.: +43 (0) 7672-701-2713
Fax: +43 (0) 7672-918-2713

end of announcement                               euro adhoc 

company:     Lenzing AG
             A-A-4860 Lenzing
phone:       +43 7672-701-0
FAX:         +43 7672-96301
sector:      Chemicals
ISIN:        AT0000644505
indexes:     WBI, ATX, Prime Market
stockmarkets: free trade: Berlin, official market: Wien 
language:   English

Original content of: Lenzing AG, transmitted by news aktuell