Ahlstrom Corporation STOCK EXCHANGE RELEASE, December 23, 2011 at 9.00
Ahlstrom Corporation, a global high-performance materials company, has completed the acquisition of a 49.5% stake in Porous Power Technologies, LLC. The U.S.-based company develops technology for lithium-ion battery separators. Ahlstrom has an option to acquire the remaining shares at a later stage.
Ahlstrom, together with Porous Power, will be offering a new generation of separator solutions for safer batteries and capacitors in electric-drive vehicles, e-bikes, portable electronics and utility-grade storage products. Porous Power's current separator products are already being evaluated by battery manufacturers around the world. The products for electric vehicles will be commercially available in larger scale later.
The transaction was announced on December 12, 2011.
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Ahlstrom in brief
Ahlstrom is a high performance materials company, partnering with leading businesses around the world to help them stay ahead. Our products are used in a large variety of everyday applications, such as filters, wallcovers, flooring, labels and food packaging. We have a leading market position in the businesses in which we operate. Our 5,700 employees serve customers in 26 countries on six continents. In 2010, Ahlstrom's net sales amounted to EUR 1.9 billion. The company's share is quoted on the NASDAQ OMX Helsinki. More information available at www.ahlstrom.com
About Porous Power
Porous Power Technologies (www.porouspower.com and http://twitter.com/PorousPower) makes electrode separators that reduce the cost and improve the safety, performance, efficiency and life of lithium-ion batteries, particularly large-format cells for electric vehicles, stationary power and consumer electronics applications.