Covestro LLC becomes 'Official Innovation Partner of the Pittsburgh Penguins'

PITTSBURGH, Feb. 15, 2018 /PRNewswire/ -- Today, Covestro LLC and the Pittsburgh Penguins announced a multi-year agreement establishing Covestro as the "Official Innovation Partner of the Pittsburgh Penguins." As part of the new agreement, the two Pittsburgh-based organizations will join forces to explore how material solutions can further improve the safety and sustainability of hockey.

Click to tweet: @CovestroGroup becomes official #innovation partner of @penguins, putting science and sports on the same winning team. #innovationscores: http://bit.ly/2BNMD1p.

A global provider of high-tech materials, Covestro brings 80 years of innovation experience to the partnership. The company's advanced technologies are used in a wide range of industries, helping to make everyday products safer, stronger, lighter and more energy efficient. Many of these innovative solutions are developed at the company's Robinson Township location, which serves as its North American headquarters and one of three R&D centers globally.

The unique partnership with the Penguins allows Covestro to examine potential applications across the sport of hockey?from player equipment to rink construction?with game-winning insight from a championship team.

"We're excited about this partnership ? not only because it supports our strong focus on innovation and sustainability, but also because it represents the unconventional kind of collaboration that is characteristic of Pittsburgh," said Jerry MacCleary, chairman and CEO of Covestro LLC.

"It's not every day you have the chance to pair science with sports in the pursuit of innovation, and we're proud to be on the same team as the Pittsburgh Penguins."

"The partnership between a championship hockey team and a global company focused on high-tech materials creates a unique environment for innovation," said David Morehouse, president and CEO of the Penguins. "We very much look forward to working with Covestro and supporting its efforts to see what we can achieve together. The fact that we're both from Pittsburgh ? that this has such a Pittsburgh flavor ? makes it all the more inspiring."

For Covestro, the partnership further extends its presence in the global hockey market. The company is also a premium partner of the German Ice Hockey League. Both agreements lend an opportunity to explore the role of materials in hockey, with an eye toward safety and sustainability.

About Covestro LLC:

Covestro LLC is one of the leading producers of high-performance polymers in North America and is part of the global Covestro business, which is among the world's largest polymer companies with 2016 sales of EUR 11.9 billion. Business activities are focused on the manufacture of high-tech polymer materials and the development of innovative solutions for products used in many areas of daily life. The main segments served are the automotive, construction, wood processing and furniture, electrical and electronics, and medical industries. Other sectors include sports and leisure, cosmetics and the chemical industry itself. Covestro has 30 production sites worldwide and employed approximately 15,600 people at the end of 2016.

Find more information at www.covestro.us

Forward-Looking Statements

This news release may contain forward-looking statements based on current assumptions and forecasts made by Covestro AG. Various known and unknown risks, uncertainties and other factors could lead to material differences between the actual future results, financial situation, development or performance of the company and the estimates given here. These factors include those discussed in Covestro's public reports which are available at www.covestro.com. The company assumes no liability whatsoever to update these forward-looking statements or to conform them to future events or developments.

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Editor's Note: Follow news from Covestro on Twitter: www.twitter.com/CovestroGroup

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SOURCE Covestro LLC