Zoltek Companies, Inc. : Zoltek Announces Review Of Its Strategic Alternatives

Zoltek Companies, Inc. : Zoltek Announces Review Of Its Strategic Alternatives


 ST. LOUIS, MISSOURI - April 2, 2013 - Zoltek Companies, Inc. (Nasdaq:
ZOLT) (the "Company") today announced that it is commencing a process to
explore and evaluate strategic alternatives to maximize shareholder value. The
Company has engaged J.P. Morgan Securities LLC as the Company's financial
advisor for this process.

    There is no assurance that this review will result in the Company
pursuing any transaction or that a transaction, if pursued, will be completed.
The Company does not intend to announce further developments regarding the
process until its Board of Directors either completes its review or enters
into a definitive agreement for a possible transaction.

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; (17) successfully pursue the announced
process for exploring strategic alternatives to maximize shareholder value;
and (18) 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 statements.

                       For Further Information Contact:
                             Andrew Whipple, CFO
                              3101McKelvey Road
                             St. Louis, MO 63044
                                (314) 291-5110


This announcement is distributed by Thomson Reuters on behalf of Thomson
Reuters clients.

The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and other
applicable laws; and
(ii) they are solely responsible for the content, accuracy and originality of
information contained therein.

Source: Zoltek Companies, Inc. via Thomson Reuters ONE
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