Exel Composites plc announced a major development program focusing on the attractive wind power market in its first quarter 2023 Business review. Exel is pleased to provide this progress update on the said Wind Project. Since publication of the Business Review the following milestones have been achieved: Exel Composites has achieved APQP4Wind member company status for all its productions sites that produce composite for wind power market customers.

APQP4Wind quality standards have been created to align methods and procedures for the wind power industry suppliers. APQP4 Wind quality standards are a common frame of reference to strengthen the cooperation between manufacturers and suppliers. The parties have signed a contract to build a new facility optimized for serving wind power industry customers in India and globally.

The new facility is expected to be ready for production during 2024. The program is progressing according to plan and interactions with various large equipment manufacturers in the wind power market continue actively.