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

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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
mailto:a.guldt@lenzing.com

end of announcement euro adhoc
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company: Lenzing AG

A-A-4860 Lenzing
phone: +43 7672-701-0
FAX: +43 7672-96301
mail: a.guldt@lenzing.com
WWW: http://www.lenzing.com
sector: Chemicals
ISIN: AT0000644505
indexes: WBI, ATX, Prime Market
stockmarkets: free trade: Berlin, official market: Wien
language: English