Binder+Co Aktiengesellschaft

EANS-News: Binder+Co Aktiengesellschaft
Open Innovation Prize awarded to Binder+Co in Berlin

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Research & Development

Gleisdorf (euro adhoc) - September 30, 2011. Binder+Co, the innovative machine
and plant manufacturer from Gleisdorf, Austria, has won the Open Innovation
Award in the category "Best SME". Tuesday night, board member Karl Grabner
received the prestigious trophy at the second Open Innovation Conference of
Handelsblatt in Berlin.

"In recent years, we have been proud to receive several awards, with last year's
Austrian National Innovation Prize being a landmark appreciation of our approach
to innovation. We are particularly delighted and honoured that a medium-sized
Styrian enterprise could win a transnational prize such as the Open Innovation
Award in Berlin", explains Karl Grabner, member of the Management Board of

In her encomium, Prof. Ellen Enkel of the Zeppelin University in Friedrichshafen
praised the exemplary implementation of Open Innovation at Binder+Co. Its most
important elements are generating ideas via close cooperation with key
customers, using the expertise of various universities, research institutions,
suppliers and competitors as well as the market introduction of new products
through customer partnerships. Last, but certainly not least, the Open
Innovation philosophy is an important part of Binder+Co's strategic approach.

Under scientific monitoring of the Zeppelin University Friedrichshafen,
representatives of Henkel AG, Procter & Gamble Service GmbH, Osram AG and
Deutsche Telekom AG formed the high-calibre jury for this award, which includes
Germany, Austria and Switzerland.

This year, the Open Innovation Award was presented for the second time during
the Open Innovation Conference of Handelsblatt, the largest German-language
business and financial newspaper. Besides Binder+Co, the Schäffler Group ("Best
Overall Concept") and BDF Beiersdorf ("Best Partnering Concept") were also

The Binder+Co Group
Binder+Co AG is a specialist in the field of processing, environmental and
packaging technology and the world market leader in the screening and glass
recycling segments. The company was listed on the Vienna Stock Exchange at the
end of 2006 and is now part of the third market in the mid market segment.
Binder+Co was awarded the 2010 Austrian National Innovation Prize for its
development of the world´s first industrially mature system for the sorting of
heat-resistant special glass from recycling cullets. Moreover, the Binder+Co
Group recently expanded its product range in the crushing technology area
through the incorporation of Comec-Binder S.r.l.

Further inquiry note:
Karl Grabner, Member of the Management Board
Telephone: +43/3112/800-363

end of announcement                               euro adhoc 

company:     Binder+Co Aktiengesellschaft
             Grazerstraße  19-25
             A-8200 Gleisdorf
phone:       +43 3112 800-363
FAX:         +43 3112 800-320
sector:      Machine Manufacturing
ISIN:        AT000BINDER3
indexes:     mid market
stockmarkets: Third Market: Wien 
language:   English

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