Zoltek Companies, Inc. : Zoltek Responds To Request For Special Shareholders Meeting

 Zoltek Companies, Inc. : Zoltek Responds To Request For Special Shareholders

 ST. LOUIS, MISSOURI- March 5, 2013- Zoltek Companies, Inc. (Nasdaq:
ZOLT) today reported that it had received a request for a special shareholders
meeting from a group of shareholders that filed a Schedule 13D reporting
beneficial ownership of an aggregate of approximately 10.1% of the Company's
outstanding common stock. The group indicated that it is led by Quinpario
Partners, LLC and Jeffry N. Quinn. The group is seeking the special
shareholders meeting in order to remove the six current members of the Board
of Directors without cause and elect a new slate of five directors.

 The Company has advised the group's counsel that, based on the Company's
preliminary review of the request, it appears that the request is deficient in
several material respects, including both as to form and content. The Company
further advised the group's counsel that, in view of the deficiencies, the
Company does not plan to call the special shareholders meeting requested in
the letter. Finally, the Company stated that it will continue its review and
respond to the group in greater detail once it has a reasonable opportunity to
consider the matters set forth in the letter.

 Zsolt Rumy, Chairman and CEO of Zoltek, stated, "Our Board members own a
significant amount of Zoltek's stock and, accordingly, our directors'
financial interests are directly aligned with those of our shareholders at
large. We will continue to focus on building long-term shareholder value by
leading the commercialization of carbon fibers.Of course, if Mr. Quinn's
group were to submit a bona fide proposal thatadequately compensates our
shareholders for the value of our technology, industry-leading capacity and
future growth potential, our Board would be pleased to consider it."

 Mr. Rumy added, "We want to assure our shareholders, customers and
employees that it continues to be 'business as usual' for Zoltek."

                       For further information contact:
                         Zsolt Rumy, Chairman and CEO
                              3101 McKelvey Road
                             St. Louis, MO 63044
                                (314) 291-5110

This press release contains certain statements that constitute
"forward-looking statements" within the meaning of Section 27A of the
Securities Act of 1933, as amended, and Section 21E of the Securities Exchange
Act of 1934, as amended. The words "expect," "believe," "goal," "plan,"
"intend," "estimate," and similar expressions and variations thereof are
intended to specifically identify forward-looking statements. Those statements
include statements regarding the intent, belief or current expectations of us,
our directors and officers with respect to, among other things: (1) our
financial prospects; (2) our growth strategy and operating strategy, including
our focus on facilitating acceleration of the introduction and development of
mass market applications for carbon fibers; and (3) our current and expected
future revenue. This press release also contains statements that are based on
the current expectations of our company. You are cautioned that any such
forward-looking statements are not guarantees of future performance and
involve risks and uncertainties, and that actual results may differ materially
from those projected in the forward-looking statements as a result of various
factors. The factors that might cause such differences include, among others,
our ability to: (1) successfully adapt to recessionary conditions in the
global economy and substantial volatility in order rates from our wind energy
customers, including our principal customer Vestas Wind Systems; (2) penetrate
existing, identified and emerging markets, including entering into new supply
agreements with large volume customers; (3) continue to improve efficiency at
our manufacturing facilities on a timely and cost-effective basis; (4)
successfully add new planned capacity for the production of carbon fiber,
prepregs and precursor raw materials and meet our obligations under long-term
supply agreements; (5) operate profitably; (6) increase or maintain our
borrowing at acceptable costs; (7) manage changes in customers' forecasted
requirements for our products; (8) continue investing in application and
market development for a range of applications; (9) manufacture low-cost
carbon fibers and profitably market them despite fluctuations in raw material
and energy costs; (10) successfully operate our Mexican facility to produce
acrylic fiber precursor and carbon fibers; (11) successfully continue
operations at our Hungarian facility if natural gas supply disruptions occur;
(12) successfully prosecute patent litigation; (13) successfully facilitate
adoption of our carbon fibers by the auto industry for use in high-volume
applications; (14) establish and grow prepreg capacity; (15) speed development
of low-cost carbon fiber sheet molding compounds for the automotive industry
pursuant to our global collaborative partnership with Magna Exteriors and
Interiors; (16) resolve possible disputes with a group of shareholders that
filed a Schedule 13D reporting beneficial ownership of an aggregate of
approximately 10.1% of our outstanding common stock, including the group's
request for a special shareholders meeting to remove the current Board of
Directors and elect new directors; and (17) manage the risks identified under
"Risk Factors" in our filings with the SEC. Because forward-looking statements
are inherently subject to risks and uncertainties, some of which cannot be
predicted or quantified, you should not rely upon forward-looking statements
as predictions of future events. The events and circumstances reflected in the
forward-looking statements may not be achieved or occur and actual results
could differ materially from those projected in the forward-looking


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information contained therein.

Source: Zoltek Companies, Inc. via Thomson Reuters ONE
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