AAF International Pioneers Next Generation Filter Technology

LOUISVILLE, KY--(Marketwired - Jan 6, 2014) - AAF International announced today that it has entered into a global license agreement with LPD Technologies for access to unique filtration technology patented by LPD Technologies. In conjunction with the license agreement, AAF International will also acquire all plant assets of Filtration Advice, Inc. This investment will strengthen AAF's leadership in the high performance filtration market.

The agreements will provide AAF International with the ability to utilize and further develop LPD Technologies' embossed filter media manufacturing process. Embossing filter media allows for increased media surface area over a smaller filter footprint, thereby enabling better airflow across the filter media, enhancing the dust holding capacity of the filter, and extending the life of the filter. AAF International's access to this technology will enable AAF International to introduce next generation filtration products that will provide customers with improved energy savings, higher filter performance, and increased filter life.

"LPD Technologies is a great fit with AAF's growth strategy as we have the means to enhance this technology with our world class R&D organization and existing AAF technologies. New product development is a key focus area for AAF to meet the changing needs of our customers. We intend to meet those needs with superior value and performance versus our competition," said Peter M. Kurto, AAF Global Chief Executive Officer.

AAF International expects to complete the acquisition of all Filtration Advice, Inc. plant assets on January 15, 2014. AAF International's new product development team is already working on several new product applications for launch in 2014 incorporating this innovative technology.

AAF International, based in Louisville, Kentucky, has more than 3,000 employees, 22 manufacturing facilities, and five R&D centers worldwide. AAF designs, develops, and manufactures air filtration solutions for commercial, industrial, cleanroom, transportation, gas turbine and nuclear power applications. AAF also provides inlet air cooling and sound attenuation solutions for high-speed rotating machinery. For more information, visit www.aafintl.com.