EANS-News: Lenzing AG / Lenzing wins State Prize for Innovation with sustainable nonwovens technology CNE

10/21/2020, 2:00 PM (Source: euro adhoc)
--------------------------------------------------------------------------------
  Corporate news transmitted by euro adhoc with the aim of a Europe-wide
  distribution. The issuer is responsible for the content of this announcement.
--------------------------------------------------------------------------------

Yesterday evening, the State Prize for Innovation was awarded to the Lenzing
Group for their LENZING™ Web Technology.

Company Information

Lenzing - On Tuesday, October 20, 2020, the Lenzing Group was awarded the
coveted "State Prize for Innovation". Lenzing emerged as the winner with its
project LENZING(TM) Web Technology and thus received the highest recognition for
particularly innovative achievements in Austria. The novel process combines
fiber and nonwovens production in only one step, setting new standards in terms
of efficiency, circularity and ecological sustainability. Margarete Schramböck,
Federal Minister for Digital and Economic Affairs, presented the award to Gert
Kroner, Vice President Global Research & Development.

"This award is a great recognition of our work. Our goal is to grow continuously
with sustainable innovations and to look beyond our fibers, to the needs of our
customers and partners and to the needs of consumers worldwide. With the LENZING
(TM) Web Technology we have created an exciting and promising solution for eco-
friendly products in line with our corporate strategy sCore TEN and support
consumers in their daily needs in a sustainable way", says Stefan Doboczky,
Chief Executive Officer of the Lenzing Group.

Zwtl.: Biodegradable nonwovens for a clean environment

The pollution of the environment by plastics is one of the most urgent problems
of our time. Every day, millions of hygiene products and wipes around the globe
end up in garbage and sewage. Most of them consist of up to 80 percent polyester
or other fossil, non-biodegradable materials and therefore pollute the
environment.

With the LENZING(TM) Web Technology, Lenzing has developed a patented technology
to counter this problem: Sustainable and eco-friendly nonwovens are produced
from the renewable raw material wood. These are not only plastic-free, they also
score points for their particularly high environmental friendliness. "Thanks to
a unique self-bonding mechanism, in which the filaments bond with each other
during the spinning process, binders, which are found in many nonwovens, are no
longer needed. As a result, the nonwovens produced with LENZING(TM) Web
Technology are 100 percent biodegradable and do not pollute either humans or the
environment", says Gert Kroner, Vice President Global Research & Development of
the Lenzing Group.

The Austrian State Prize for Innovation is awarded annually by the Federal
Ministry for Digital and Economic Affairs to the most innovative Austrian
company. In 2020, the competition took place for the 40th time.

Photo download [https://mediadb.lenzing.com/pinaccess/
showpin.do?pinCode=RPrJRz5SyxjU]
PIN: RPrJRz5SyxjU

Further inquiry note:
Filip Miermans
Vice President Corporate Communications & Public Affairs
Lenzing AG
Phone: +43 664 8477802
E-mail: f.miermans@lenzing.com

end of announcement                         euro adhoc
--------------------------------------------------------------------------------

issuer:       Lenzing AG

A-4860 Lenzing
phone:        +43 7672-701-0
FAX:          +43 7672-96301
mail:         office@lenzing.com
WWW:          http://www.lenzing.com
ISIN:         AT0000644505
indexes:      WBI, ATX
stockmarkets: Wien
language:     English

EAX0007    2020-10-21/14:00

Ad-hoc-Mitteilung übermittelt durch euro adhoc.
Für den Inhalt ist der Emittent verantwortlich.