ZOTEFOAMS PLC — M&A Activity 2023

Oct 31, 2023

National Storage Mechanism | Additional information

RNS Number : 7742R

Zotefoams PLC

31 October 2023

Zotefoams plc

("Zotefoams")

Zotefoams programme extension at Nike

31 October 2023 - Zotefoams, a world leader in cellular materials technology, is pleased to announce that it is now supplying high-performance foams for the recently launched Nike Ultrafly, the company's pinnacle trail racing shoe.

The partnership between Zotefoams and Nike originally focused on distance road running shoes as well as track spikes, and later extended into trail running footwear with the Nike Zegama, launched in 2022.

David Stirling, Group CEO at Zotefoams, commented, "We are delighted by this expanded partnership with Nike, which demonstrates the confidence the company has in the performance benefits of our materials in other footwear applications."

Zotefoams operates under an exclusive supply agreement with Nike for footwear product cushioning.

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Enquiries:

Zotefoams plc	+44 (0) 208 664 1600
David Stirling, Group CEO Gary McGrath, Group CFO
IFC Advisory (Financial PR & IR)	+44 (0) 203 934 6630
Graham Herring Tim Metcalfe Zach Cohen

About Zotefoams plc

Zotefoams plc (LSE - ZTF) is a world leader in cellular materials technology delivering optimal material solutions for the benefit of society. Utilising a variety of unique manufacturing processes, including environmentally friendly nitrogen expansion for lightweight AZOTE® polyolefin and ZOTEK® high-performance foams, Zotefoams sells to diverse markets worldwide. Zotefoams uses its own cellular materials to manufacture T-FIT® advanced insulation for demanding industrial markets. Zotefoams also owns and licenses patented microcellular foam technology to reduce plastic use in extrusion applications and for ReZorce® mono-material recyclable barrier packaging.

Zotefoams is headquartered in Croydon, UK, with additional manufacturing sites in Kentucky, USA and Brzeg, Poland (foam manufacture), Oklahoma, USA (foam products manufacture and conversion), Massachusetts, USA and Stilling, Denmark (microcellular foam technology) and Jiangsu Province, China (T-FIT).

www.zotefoams.com

AZOTE®, ZOTEK®, ReZorce® and T-FIT® are registered trademarks of Zotefoams plc.

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