EXEL COMPOSITES PLC STOCK EXCHANGE RELEASE 22.7.2011 at 9.50
E-SPORTS GROUP BECOMES LICENSE HOLDER FOR EXEL POLE PRODUCTS
Exel Composites Plc has entered into a trademark license agreement with E-Sports Group Oy in relation to Exel’s pole products. The license agreement covers the use of the Exel trademark with regards to poles for skiing, Nordic Walking and Nordic Blading. The agreement will be in effect from 1 August 2011.
E-Sports Group is the license holder for Exel floorball products. “Exel is a strong and renowned pole brand. I believe that bringing both the floorball and pole products in the same company will enhance Exel brand’s position on the sports equipment market”, Mr. Marko Kauppi, Chairman of the Board of E-Sports Group, says.
“We are pleased to have found a solution for the pole products. We will continue to focus on our core industrial activities”, Mr. Vesa Korpimies, President and CEO of Exel Composites, says.
The agreement is not expected to have a material impact on the result of the Exel Composites Group.
Vantaa, 22 July 2011
Exel Composites Plc
President and CEO
Vesa Korpimies, President and CEO, Exel Composites Plc,
NASDAQ OMX Helsinki Ltd.
Main news media
EXEL COMPOSITES IN BRIEF
Exel Composites is a technology company which designs, manufactures and markets composite profiles and tubes for industrial applications. The Group is the leading composite profile manufacturer in the world and concentrates on growing niche segments.
The core of the operations is based on own, internally developed composite technology, product range based on it and a strong market position in selected segments with a strong quality and brand image. Profitable growth is pursued by a relentless search for new applications and development in co-operation with customers. The personnel’s expertise and high level of technology play a major role in Exel Composites’ operations.Exel Composites Plc share is listed in the Small Cap segment of NASDAQ OMX Helsinki Ltd.