Gurit Appoints Barracuda Advanced Composites as Distributor for Brazil

Zurich (Switzerland), Rio de Janeiro (Brazil), February 9, 2017 – Gurit, a worldwide leading manufacturer of advanced composite materials, today announced that it has signed a distribution agreement with Barracuda Advanced Composites for Non-Wind Applications.

This agreement comprises distribution of Gurit`s advanced range of prepregs and adhesives for the marine and industrial markets in Brazil.

Gurit is well positioned in the wind energy market and the Company’s range of advanced core materials, prepregs and adhesives are well-established worldwide across industries for applications which require high-quality, versatile, lightweight and durable properties.

Commenting on the agreement, Stefan Gautschi, General Manager Gurit Composite Materials, said: "Barracuda is well-established in Brazil and their experience in the marine and industrial sectors will help us to further develop our presence in the Brazilian market."

Jorge Nasseh, Barracuda Composites Chief Executive Officer said: “The association with Gurit and the Company`s experience in long life prepreg and adhesives will open up a new growing market in Brazil for marine and industrial applications during the next decade.”

About Gurit:

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., Canada, the U.S.A., Brazil, Ecuador, Australia, New Zealand, India and China. For more information, please visit www.gurit.com

About Barracuda Advanced Composites:

Barracuda Advanced Composites and its subsidiary Marine Composites is one of the leading sources for composite materials, engineering and design services in South America.  For 30 years the Barracuda group has delivered complete design to build solutions through technical support with its team of design and structural engineers using state of the art design tools, supply of world class raw materials, customized kits and onsite engineers to ensure customer success. The company focuses on composites market development and expansion though industry partnerships and a vision for a strong composites future.

Gurit Group Communications

Tanja Moehler

Head of Marketing & Corporate Communications

T +41 44 316 15 55

M +41 79 722 84 71

tanja.moehler@gurit.com

www.gurit.com

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