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Zoltek Forms New Subsidiary For High-Volume Applications

03 May 2010

Zoltek has formed a new subsidiary, called Zoltek Automotive, Inc., to speed the development of high-volume applications for lightweight carbon fibers within the automotive industry.

More than a dozen Zoltek engineers and technicians from across Zoltek's existing business, as well as Zoltek's globally positioned sales people, will be joined in the new company by two highly regarded experts in automotive composite applications who will lead the Zoltek Automotive group in this effort.

Zoltek has appointed David Stewart, founder of Stewart Automotive Research, to be the chief executive, and Martin O'Connor to be the president of Zoltek Automotive. Stewart has worked with many of the world's top automakers, oil and gas companies and semiconductor companies in analysis and quality control needed for introducing new materials and processes into mass production. His work has included detailed analysis and computer cost modelling for auto companies in the area of composites. O'Connor, who served as director of McLaren Composites for four years, has a wealth of experience in the composites industry gained from long experience in Formula 1 racing and working on super-car programs. In addition, he has set up a number of companies and carried out extensive consulting work for major composites companies in Europe and Asia developing business strategies, new products and technical partners.

Zoltek Automotive will be based in St. Louis at the Zoltek Companies, Inc. headquarters.





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