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PRESS RELEASE: Pyrolyx AG: Continental and Pyrolyx enter five-year agreement for supply of recycled carbon black

| Quelle: Dow Jones Newsw... | Lesedauer etwa 4 min. | Text vorlesen Stop Pause Fortsetzen

DGAP-News: Pyrolyx AG / Key word(s): Incoming Orders
Pyrolyx AG: Continental and Pyrolyx enter five-year agreement for supply of
recycled carbon black

2019-11-10 / 23:00
The issuer is solely responsible for the content of this announcement.

*- Delivery of 10,000 tons per year planned within next five years*
*- Pyrolyx expects to absorb over 3,000,000 end-of-life tires and to save
more than 25,000 tons of CO2 emissions annually under this agreement.*
*- Use of recycled carbon black in various tire segments*

Hanover, November 11, 2019. Continental, technology company and manufacturer
of premium tires, and Pyrolyx have been cooperating on developments in the
technology field of recovered carbon black over recent years. This joint
development commitment aimed to lay the foundation for using recovered
carbon black (rCB) in various tire segments during tire production. Pyrolyx
and Continental are pleased to announce that the companies have entered into
a five-year rCB supply agreement for Continental tire manufacturing
facilities worldwide.

This announcement is a major step in addressing the global challenge of
improving the sustainability of tire manufacturing and materials
consumption. Pyrolyx expects to absorb over 3,000,000 end-of-life tires and
to reduce CO2 emissions by more than 25,000 tons annually compared to
traditional carbon black under this agreement.

"Continental is excited to be entering this long-term relationship with
Pyrolyx as it underlines our commitment to improving the sustainability of
our products and operations. We are committed to innovative, environmentally
beneficial technologies for our customers, while ensuring our tires meet the
highest levels of safety performance," says Dr. Andreas Topp, Vice President
Material and Process Development and Industrialization at Continental.

Pyrolyx's USA CEO, Thomas Redd, said: "This supply agreement is an extremely
positive development for Pyrolyx and validates our approach to the recovery
of carbon black from end-of-life tires and the acceptance of rCB globally.
The validation of Pyrolyx's rCB is a 'game changer' for Pyrolyx and the
recovered carbon black industry."

The supply agreement will support Pyrolyx's growth with additional
manufacturing facilities in North America and Eastern Europe, and
specifically details sales over the next three years rising to 10,000 tons
per year. This agreement highlights the commitment of Continental and
Pyrolyx to creating environmentally sustainable supply chains for tire

*Continental* develops pioneering technologies and services for sustainable
and connected mobility of people and goods. Founded in 1871, the technology
company offers safe, efficient, intelligent, and affordable solutions for
vehicles, machines, traffic and transportation. In 2018, Continental
generated preliminary sales of EUR44.4 billion and currently employs around
244,000 people in 60 countries and markets.

The *Tire division* has 24 production and development locations worldwide.
As one of the leading tire manufacturers with around 54,000 employees, the
division posted preliminary sales of EUR11.4 billion in 2018. Continental
ranks among the technology leaders in tire production and offers a broad
product range for passenger cars, commercial vehicles and two-wheelers.
Through continuous investment in R&D, Continental makes a major contribution
to safe, cost-effective and ecologically efficient mobility. The Tire
division's portfolio includes services for the tire trade and for fleet
applications, as well as digital management systems for commercial vehicle

*Pyrolyx AG* (WKN A2E4L4) is the world leader in the recovery of rCB
(Recovered Carbon Black) from used tires. rCB is used both in the
manufacture of new tires and in the plastics, technical rubber and
masterbatch industries.

The company's shares (ARBN: 618 212 267) are listed on the Frankfurt and
Düsseldorf stock exchanges and CDIs are listed on the ASX (Australian Stock
Exchange) under the ticker PLX (ASX: PLX). Further information can be found
at www.pyrolyx.com

*Press contacts*

Michael Nehring
Media Relations Manager
Passenger and Truck Tires
Region Europe, Middle East & Africa

Continental Tire Division
Buettnerstr. 25, 30165 Hanover, Germany

Phone: +49 (0) 511 938 21813
Fax: +49 (0) 511 938 2230

Pyrolyx AG
Communications & Investor Relations
Att: Director Marketing

Landshuter Allee 8-10
80637 Munich, Germany

Phone: +49 89 21027 200
Email: ir@pyrolyx.com

This press release is available in the following languages: English, German

*Press portal *www.continental-press.com
*Media center: *continental.com/media-center
*Pyrolyx Website:* www.pyrolyx.com

2019-11-10 Dissemination of a Corporate News, transmitted by DGAP - a
service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

The DGAP Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Archive at www.dgap.de
Language: English
Company: Pyrolyx AG
Landshuter Allee 8-10
80637 München
Phone: +49 (0)89 54558 310
E-mail: info@pyrolyx.com
Internet: www.pyrolyx.com
ISIN: DE000A2E4L42
Listed: Regulated Unofficial Market in Dusseldorf (Primärmarkt),
EQS News ID: 908845

End of News DGAP News Service

908845 2019-11-10

(END) Dow Jones Newswires

November 10, 2019 17:00 ET ( 22:00 GMT)

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