SOURCE: Covestro LLC

Covestro LLC

August 04, 2016 12:06 ET

Materials Manufacturer Supports New Initiative for Clean Technologies

Covestro Continues the Spirit of Solar Impulse

PITTSBURGH, PA--(Marketwired - August 04, 2016) - Following the successful around-the-world flight of the solar aircraft Solar Impulse 2, Covestro is supporting a new, related initiative: the Leverkusen-based materials manufacturer will become the first partner of the recently founded International Committee for Clean Technology (ICCT).

The two founders and Solar Impulse pilots, Bertrand Piccard and André Borschberg of Switzerland, established this committee to continue the legacy of their project. They also want to continue to demonstrate what is possible with modern materials and efficient technologies -- to which Covestro is also committed.

"By flying around the world without a single drop of fuel, Solar Impulse has shown what can be achieved with the help of the latest technologies available today," said Covestro CEO Patrick Thomas. "We are all ecstatic to have played an essential role in this historic endeavor. Our support for the ICCT demonstrates our commitment to advancing clean technologies and to providing sustainable solutions, in line with the United Nations Sustainable Development Goals."

Starting in 2017, Covestro will serve on the board of the Solar Impulse Foundation, thus sharing responsibility for the new ICCT. The company has been part of Solar Impulse from the beginning and a partner for the past six years. The endeavor would not have been possible without the high-tech materials the company provided for the ultra-lightweight aircraft, including a unique polyurethane foam that made the cockpit particularly lightweight and also provided optimal insulation against the heat and cold.

The solar aircraft recently landed in Abu Dhabi, returning to the airport from which it began its journey some 16 months before to complete the first manned around-the-world flight without a single drop of fuel. Before and during the flight, the visionaries behind Solar Impulse had already persuaded 400 institutions and organizations that want to do their part for the cause to join the #futureisclean initiative. The new committee seeks to continue the work of the initiative by working as a non-governmental organization to inspire companies as well as individuals worldwide to work for a clean future.

About Covestro LLC:

Covestro LLC is one of the leading producers of high-performance polymers in North America and is part of the global Covestro business with 2015 sales of EUR 12.1 billion. Covestro manufactures high-tech polymer materials and develops innovative solutions for products used in many areas of daily life. The main segments served are the automotive, electrical and electronics, construction, medical and sports and leisure industries. The Covestro group has 30 production sites around the globe and employed approximately 15,800 people at the end of 2015.

Forward-looking statements

This press release may contain forward-looking statements based on current assumptions and forecasts made by Covestro AG. Various known and unknown risks, uncertainties and other factors could lead to material differences between the actual future results, financial situation, development or performance of the company and the estimates given here. These factors include those discussed in Covestro's public reports which are available on the Covestro website at Covestro assumes no liability whatsoever to update these forward-looking statements or to conform them to future events or developments.

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