Oerlikon celebrates opening of state-of-the-art R&D and production facility

Media Release

Executing Growth Strategy

Oerlikon celebrates opening of state-of-the-art R&D and production facility

Pfäffikon, Schwyz, Switzerland & Huntersville, North Carolina, USA - May 29, 2019 - Oerlikon, a global provider of surface solutions, equipment, advanced materials and materials processing, today inaugurates its USD 55 million Innovation Hub & Advanced Component Production facility in Huntersville as part of its ongoing US growth strategy. The facility will serve as a cornerstone of Oerlikon's additive manufacturing business in the US.

The 125 000 square foot facility currently employs about 60 people and is fully functional. The additive manufacturing production facility is Oerlikon's second location in North Carolina - the other site being a center that provides manmade fibers, in particular, carpet yarn systems. Additive manufacturing uses high-tech tools, rapid prototyping and metal and plastics 3-D printing to help customers create new components and transform production processes. With the help of Oerlikon additive manufacturing experts and using these new technologies, companies can produce more complex and better performing components that are lighter and last longer, while also simplifying logistics and reducing their environmental impact.

Oerlikon employs more than 1 300 people in 18 US states. The company previously announced that it intends to expand its US footprint in upcoming years. This USD 55 million investment is part of the USD 400 million the company has invested in the US in the past five years. Oerlikon expects to invest another USD 200 million in the next three years, adding some 400 new jobs. The Huntersville facility will continue to add jobs gradually and is poised for expansion as the business grows.

"This facility marks an important step in our investment strategy for growth," said Prof. Dr. Michael Süss, Chairman of the Board of Directors, Oerlikon Group. "Additive manufacturing will play a decisive role in how industries and industrial processes will look in the future. We are committed to investing in this business and leading the industrialization of this technology."

"We are already working with customers in the aerospace, automotive, energy and medical industries in the US, and we anticipate continued growth in those sectors, as well as in others," said Dr. Sven Hicken, Head of Oerlikon's Additive Manufacturing business. "We believe that additive manufacturing can transform production in many industries, and we are excited that our presence here in North Carolina allows us to better demonstrate those possibilities to our customers."

State and federal officials will speak at the event, which is expected to be attended by some 200 customers, academicians and business leaders, as well as employees and their families. The company will present a check to a local robotics club to show its support for STEM learning and ongoing collaboration with academic institutions.

About Oerlikon

Oerlikon (SIX: OERL) engineers materials, equipment and surfaces and provides expert services to enable customers to have high-performance products and systems with extended lifespans. Drawing on its key technological competencies and strong financial foundation, the Group is sustaining mid-term growth by executing three strategic drivers: addressing attractive growth markets, securing structural growth and expanding through targeted mergers and acquisitions. A leading global technology and engineering Group, Oerlikon operates its business in two Segments - Surface Solutions and Manmade Fibers - and has a global footprint of more than 10 500 employees at 175 locations in 37 countries. In 2018, Oerlikon generated CHF 2.6 billion in sales and invested around CHF 120 million in R&D.

About Oerlikon's Additive Manufacturing (AM) Business Unit

Oerlikon AM is a business unit of the global technology and engineering powerhouse Oerlikon, which is headquartered in Switzerland. Oerlikon's additive manufacturing unit is leading transformative change in the aerospace, medical, automotive, power generation and tooling industries. Oerlikon AM provides print-tested and qualified metal powders, design for AM expertise, conventional and additive manufacturing services, from prototyping to production, as well as product validation and quality inspection support to leading global manufacturing companies who are incorporating additive manufacturing into their business models. Oerlikon AM employs more than 300 people at its five service centers and six production sites in Europe, the USA and China, and is backed by Oerlikon's more than 10,500 employees in 37 countries.

For further information, please contact:

Andreas Schwarzwälder Head of Investor Relations Head of Group Communications & Marketing a.i. T: [phone] [e-mail] www.oerlikon.com

Dr. Kerstin Reinsch Global Head of Marketing & Communications Business Unit Additive Manufacturing T: [phone] [e-mail] www.oerlikon.com

Disclaimer

OC Oerlikon Corporation AG, Pfäffikon together with its affiliates, hereinafter referred to as "Oerlikon", has made great efforts to include accurate and up-to-date information in this document. However, Oerlikon makes no representation or warranties, expressed or implied, as to the truth, accuracy or completeness of the information provided in this document. Neither Oerlikon nor any of its directors, officers, employees or advisors, nor any other person connected or otherwise associated with Oerlikon, shall have any liability whatsoever for loss howsoever arising, directly or indirectly, from any use of this document.

The contents of this document, including all statements made therein, are based on estimates, assumptions and other information currently available to the management of Oerlikon. This document contains certain statements related to the future business and financial performance or future events involving Oerlikon that may constitute forward-looking statements. The forward-looking statements contained herein could be substantially impacted by risks, influences and other factors, many of which are not foreseeable at present and/or are beyond Oerlikon's control, so that the actual results, including Oerlikon's financial results and operational results, may vary materially from and differ from those, expressly or implicitly, provided in the forward-looking statements, be they anticipated, expected or projected. Oerlikon does not give any assurance, representation or warranty, expressed or implied, that such forward-looking statements will be realized. Oerlikon is under no obligation to, and explicitly disclaims any obligation to, update or otherwise review its forward-looking statements, whether as a result of new information, future events or otherwise.

This document, including any and all information contained therein, is not intended as, and may not be construed as, an offer or solicitation by Oerlikon for the purchase or disposal of, trading or any transaction in any Oerlikon securities. Investors must not rely on this information for investment decisions and are solely responsible for forming their own investment decisions.

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