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8-K - FORM 8-K - CALGON CARBON Corp | l42720e8vk.htm |
Exhibit 99.1
OHIO THIRD FRONTIER PROGRAM AWARDS $1.35 MM TO
CALGON CARBON TO DEVELOP CARBON FOR ENERGY STORAGE
CALGON CARBON TO DEVELOP CARBON FOR ENERGY STORAGE
PITTSBURGH, PA May 12, 2011 Calgon Carbon Corporation (NYSE: CCC) announced today that
the Ohio Third Frontier has awarded the company a $1.35-million grant from its Energy Program for the development and commercialization of advanced
activated carbons for energy storage. The project will focus on developing a domestic source of
activated carbons for a broad range of ultracapacitor storage applications.
The immediate goal of the project is to develop and manufacture the first domestic source of
activated carbon specifically designed for the ultracapacitor energy storage industry. Production
of the activated carbon at Calgon Carbons facility in Columbus, Ohio will address dependence on
overseas manufacturers and help to avoid supply disruptions.
Calgon Carbons longer-term goal is to develop advanced activated carbons for ultracapacitor
storage that are both technically and economically superior to the products available today. The
global market for ultracapacitors is expected to increase from more than $300 million in 2011 to
over $1 billion in 2015.
The Ohio Third Frontier is a bipartisan economic development initiative that provides funding for
technology areas that represent Ohios key competitive opportunities. Calgon Carbon will
collaborate on this project with several Ohio-based organizations Case Western Reserve
University, JME, Inc., and Novolyte Technologies as well as Maxwell Technologies, the worlds
leading developer and manufacturer of energy storage and power delivery solutions.
Commenting on the announcement, John Stanik, Calgon Carbons president and chief executive officer,
said, By investing in this project, the Ohio Third Frontier has provided us the opportunity to
continue and accelerate Calgon Carbons own efforts to increase participation in the growing
ultracapacitor market. With the collaboration of a team comprised of leaders in the energy storage
industry, I am confident that we will accomplish our technical and commercial objectives while creating
economic development benefits for the citizens of Ohio.
Calgon Carbon Corporation, headquartered in Pittsburgh, Pennsylvania, is a global leader in
services and solutions for making water and air safer and cleaner.
For more information about Calgon Carbons leading activated carbon and ultraviolet technology
solutions for municipalities and industries, visit www.calgoncarbon.com.
This news release contains historical information and forward-looking statements.
Forward-looking statements typically contain words such as expect, believe, estimate,
anticipate, or similar words indicating that future outcomes are uncertain. Statements looking
forward in time, including statements regarding future growth and profitability, price increases,
cost savings, broader product lines, enhanced competitive posture and acquisitions, are included in
the companys most recent Annual Report pursuant to the safe harbor provision of the Private
Securities Litigation Reform Act of 1995. They involve known and unknown risks and uncertainties
that may cause the companys actual results in future periods to be materially different from any
future performance suggested herein. Further, the company operates in an industry sector where
securities values may be volatile and may be influenced by economic and other factors beyond the
companys control. Some of the factors that could affect future performance of the company are
higher energy and raw material costs, costs of imports and related tariffs, labor relations,
capital and environmental requirements, changes in foreign currency exchange rates, borrowing
restrictions, validity of patents and other intellectual property, and pension costs. In the
context of the forward-looking information provided in this news release, please refer to the
discussions of risk factors and other information detailed in, as well as the other information
contained in the companys most recent Annual Report.
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