Zoltek (ZOLT) In Alliance With Global Blade Technology

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10:12:05 am on September 10, 2009

Zoltek just announced that it has formed an alliance with Global Blade Technology of Utrecht to hasten the development of advanced wind turbine blades that take advantage of Zolteks’s carbon fibers. Global Blade Technology is a company that offers turbine blade manufacturers assistance in the following areas: design, engineering, prototype development, testing and manufacturing. They will actively promote Zoltek’s fibers to their clients.

In a press release, executives from both companies commented on the alliance”

“We are pleased to announce this alliance with GBT, which we believe can have strategic value to Zoltek by playing a key role in facilitating and speeding up the whole process of design and development at the leading edge of the wind turbine business,” said Zsolt Rumy, Zoltek’s Chairman and Chief Executive Officer. “GBT’s founders are highly regarded in the industry for their expertise in the design and production of advanced wind turbine blades. GBT will be serving original equipment manufacturers in a variety of ways — from design and engineering through various stages of manufacture, including supply of molds and production of prototype blades. We are gratified that GBT has recognized Zoltek’s commercial carbon fibers as the key enabling material in designing and building the most efficient and powerful wind turbines. We look forward to working cooperatively with them to develop customer relationships in this growing global market that will benefit both of our organizations.”

“We recognized Zoltek’s leadership and proven success in the application of carbon fibers in the wind energy market,” said Jan Willem van der Werff, GBT’s President. He added, “GBT believes Zoltek has the best value proposition for users of carbon fibers in wind turbine blades. We are pleased to establish this relationship with Zoltek and expect it will improve our abilities to support our customers’ needs.”

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