Manufacturing Industry

Zoltek Reports Renewed and Expanded BMW Group Agreement and Progress.

Advanced Materials & Composites News, February, 2004

January 28, 2004 - Zoltek Companies Inc. (NASDAQ NMS SYMBOL: ZOLT) today announced a "renewed and expanded" partnership agreement with BMW Group of Germany based on the successful achievement of several significant milestones in the development of all-carbon fiber reinforced polymer (CFRP) composite parts and components targeted for "series production cars." Zoltek has had this arrangement as "exclusive' with BMW for several years, and this makes it ongoing.

"BMW has selected Zoltek as its carbon fiber partner for continued development work and it has officially chosen Zoltek as the preferred supplier of carbon fiber materials for series production projects resulting from this development effort. The supply arrangement is a long-term agreement contingent upon...

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