DGAP-News

Pyrolyx AG: Merger in the Recovered Carbon Black Market - Seite 2

April 2015, and the full integration of cct into Pyrolyx AG by the end of
the 2nd quarter 2015.

This merger will create the market leader in the production and development
of rCB worldwide. The combined company will be the most innovative and
ecologically friendly producer of rCB, revolutionizing the future of
sustainable polymers and the products derived from them.

One of the key aspects of the acquisition is the expansion of production
capacities by implementation of a complimentary production facility, based
on Pyrolyx-patented technology, at the site of cct's existing 4.500 t/a
capacity rCB plant. Within the next 24 months, Pyrolyx plans an investment
of 10 M Euros into product development, research and international sales.
In addition, a rCB and rubber laboratory at the production site in
Stegelitz is planned. This new state-of-the-art laboratory will further
accelerate successful rCB product development.

Upon contract closing, cct's current CEO, Dr. Philipp Theden, will join
Pyrolyx AG's executive board. All current cct GmbH and cct AG employees
will be an integral part of the newly formed Pyrolyx group.

Pyrolyx CEO Niels Raeder says: "With the acquisition of the established and
successful cct we are creating the most innovative manufacturer in the
field of rCB production. The two companies complement each other perfectly
in production, research and development, sales and finance functions. The
combined team will be the largest and most experienced team in the field of
carbon black recovery."

"Joining forces will enable us to expand production capacity and accelerate
the rate of innovation, allowing the rubber industry to achieve significant
cost savings and reduction of carbon footprint through use of recovered
carbon black," said cct CEO Dr. Philipp Theden.

About Pyrolyx AG

Pyrolyx AG is a Munich, Germany, based company specializing in practical
and applied research in environmental technology. The company has developed
a unique process that enables valuable raw materials such as recovered
carbon black to be made from commercial rubber granules produced from
end-of-life tires. Carbon black is used to manufacture tires and various
industrial rubber items. The Pyrolyx process enables a sustainable closed
recycling loop for the first time for the reuse of end-of-life tires.
Pyrolyx owns all the intellectual property rights to Pyrolyx environmental
technology and has various patents and patents pending concerning the
industrial production of carbon black. Pyrolyx AG is quoted on the primary