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    BRKM5   BRBRKMACNPA4

BRASKEM S.A.

(BRKM5)
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Braskem S A : Launches e-NABLE Chapter for the Philanthropic Creation of 3D Printed Prosthetic Devices

10/08/2020 | 05:14am EDT

Braskem (B3: BRKM3, BRKM5 and BRKM6; NYSE: BAK; LATIBEX: XBRK), the largest polyolefins producer in the Americas and leading producer of biopolymers in the world, today announced the launch of the Braskem e-NABLE Chapter. e-NABLE is a global community of "Digital Humanitarian" volunteers from all over the world who utilize 3D printing technologies to produce free and low-cost prosthetic upper limb devices for children and adults in need. Following the successful completion of the e-NABLE prosthetic device certification process, the Braskem e-NABLE Chapter launch now allows the company's Pittsburgh Innovation & Technology Center to 3D print polypropylene (PP) based prosthetic upper limb devices for those in need. Based on Braskem's standing as the leading producer of polypropylene in North America, the Braskem team is uniquely positioned to utilize its extensive experience in additive manufacturing and state-of-the-art 3D printing technology utilizing polypropylene to support the e-NABLE community. Braskem is providing its manufacturing capabilities, materials and expertise involved in the production of e-NABLE Phoenix V3 prosthetic hands at no cost to deserving recipients in Pennsylvania and around the world.

Jason Vagnozzi, Braskem Additive Manufacturing Leader, North America, commented, "On behalf of the entire Braskem team, we are incredibly honored to be partnering with e-NABLE around launching the new Braskem e-NABLE chapter with our world class innovation and technology team in Pittsburgh. The visionary founders at e-NABLE have created a global network of digital humanitarians that are leveraging the latest in material science and technologies to tackle some of the most pressing medical needs for prosthetic devices, particulary in underserved communities that often lack adequate resouces and access to proper medical care. The Braskem team can now bring its polymer science expertise in polypropylene, the primary input to the 3D printed PP Phoenix V3 prostethic hand, to the benefit of well deserving children and adults in Pennsylvania or anywhere around the globe. We couldn't be more excited to kick-off our new e-NABLE Chapter and to start helping change lives for the better."

Bob Rieger, e-NABLE Chapter Coordinator, stated, "We are excited that Braskem has joined the global e-Nable community as an official chapter! Indeed, Braskem's expertise in materials (specifically polypropylene) and 3D printing will bring benefit to the entire community of some 8,000 volunteers and 177 chapters in 51 countries. We look forward to learning more about these materials, and having our volunteers use and maximize their application in helping underserved people and communities with upper body 3D printed prostheses."

Polypropylene is the optimal material for 3D printing of the e-NABLE Phoenix V3 prosthetic hand because polypropylene is lightweight making the prosthetics easy to hold all day, chemically resistant to household cleaners and chemicals, as well as extremely durable, allowing the device to withstand heavy day-to-day wear and tear. Other 3D printing filament materials are heavier, can dissolve when in contact with certain chemicals like acetone/nail polish remover, as well as have a tendency to crack or break easily, especially in cold weather. Braskem's polypropylene 3D printing material is also well suited for the prosthetic fitting process, as it can be heated and custom formed for each individual prosthetic device user, allowing for the most comfortable fit possible.

Braskem selected to be certified to produce the e-NABLE Phoenix V3 prosthetic hand as it is one of the most commonly produced e-NABLE prosthetic devices. Looking forward, Braskem will seek to gain additional certifications to produce other 3D printed polypropylene based prosthetic models to expand the range of people who can be supported through the Braskem e-NABLE Chapter.

To learn more about e-NABLE and 3D printed assistive devices, request a device, or to make a donation to support their efforts, please visit e-NABLE online at www.enablingthefuture.org .

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(C) 2020 M2 COMMUNICATIONS, source M2 PressWIRE

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Financials
Sales 2021 92 903 M 18 166 M 18 166 M
Net income 2021 9 526 M 1 863 M 1 863 M
Net Debt 2021 36 239 M 7 086 M 7 086 M
P/E ratio 2021 4,86x
Yield 2021 0,09%
Capitalization 46 286 M 9 009 M 9 050 M
EV / Sales 2021 0,89x
EV / Sales 2022 1,00x
Nbr of Employees 4 700
Free-Float 25,4%
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Average target price 48,46 BRL
Last Close Price 57,30 BRL
Spread / Highest target 9,95%
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Spread / Lowest Target -56,4%
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Managers and Directors
NameTitle
Roberto Lopes Pontes Simões Chief Executive Officer & Director
Pedro van Langendonck de Freitas CFO, Head-Procurement & Institutional Relation
José Mauro Mettrau da Cunha Chairman
Daniel Sales Corrêa Head-Investments & Digital Technologies
Gesner José de Oliveira Filho Independent Director
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