Gurit Successfully Completes Aerospace Qualification

Source: Gurit

Zurich, Switzerland, August 11, 2017 – Gurit (SIX Swiss Exchange: GUR), a worldwide leading developer and manufacturer of advanced composite materials, components and technologies, today announced that it has successfully completed material qualification for a global aerospace manufacturer.

Upon successful completion of the qualification process, Gurit has now been added to the manufacturer`s official supplier database. As the qualification was achieved for existing aircraft types, sales of the listed materials can start at once.

Gurit expects short-term revenue potential of the qualification to be in the low single-digit million Swiss francs range. Mid- to long-term, the product listing has the potential to produce double-digit million Swiss francs revenues on top of the existing aerospace business.

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