LITTLETON, Colo., Sept. 10, 2013 (GLOBE NEWSWIRE) -- Innospec Inc. (Nasdaq: IOSP ) is proud to be associated with the Pentagon Federal Credit Union Foundation (PenFed Foundation) Military Heroes® Fund, which provides emergency financial assistance to wounded service members and veterans from all wars including those of Iraq and Afghanistan.
Earlier this month, Innospec gathered together with 180 of its customers, suppliers and partners at a fundraising event in Lone Tree, CO. As a result of the generosity of all sponsors, participants and contributors, Innospec was able to make a donation of almost $75,000 to the PenFed Foundation to support its Military Heroes® Fund.
"Innospec's support in a time of such great need is an honor and a moving tribute to military men and women who selflessly defend our nation," said Ed Dauksz, a board member of the PenFed Foundation and decorated Marine Corps veteran. "We've seen a 30 percent increase in requests for our Military Heroes Fund® emergency grant over the last year and the money donated will enable the foundation to help even more wounded service members and veterans."
Patrick Williams, President and CEO of Innospec, said, "Part of being in business is remembering that there are others in the community around us who are less fortunate than ourselves. This fund is one of the most deserving causes we have seen, and allows us to acknowledge the selfless service given by the men and women of our armed forces. We are very proud to be associated with the PenFed Foundation and the Military Heroes Fund®."
About Innospec Inc.
Innospec Inc. is an international specialty chemicals company with approximately 900 employees in 20 countries. Innospec manufactures and supplies a wide range of specialty chemicals to markets in the Americas, Europe, the Middle East, Africa and Asia-Pacific. Innospec's Fuel Specialties business specializes in manufacturing and supplying the fuel additives that help improve fuel efficiency, boost engine performance and reduce harmful emissions. Innospec's Performance Chemicals business provides effective technology-based solutions for our customers' processes or products focused in the Personal Care; Polymers; and Fragrance Ingredients markets. Innospec's Octane Additives business is the world's only producer of tetra ethyl lead.
About the Pentagon Federal Credit Union Foundation (PenFed Foundation)
The PenFed Foundation is a nationally recognized nonprofit organization working to meet the unmet needs of military members and their families through supporting wounded warriors and providing financial management assistance and home ownership aid. The foundation is also the primary sponsor of a new free hotel for veterans called the Lee & Penny Anderson Defenders Lodge, a $17 million public-private partnership with the Department of Veterans Affairs in which the foundation is raising $11 million to cover the cost of construction. PenFed (Pentagon Federal Credit Union) covers all labor expenses for the foundation so every dollar donated goes directly to supporting its programs.
Forward-Looking Statements
This press release contains certain "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. All statements other than statements of historical facts included or incorporated herein may constitute forward-looking statements. Such forward-looking statements include statements (covered by words like "expects," "anticipates," "may," "believes" or similar words or expressions), for example, which relate to operating performance, events or developments that we expect or anticipate will or may occur in the future (including, without limitation, any of the Company's guidance in respect of sales, gross margins, pension liabilities and charges, net income, growth potential and other measures of financial performance). Although forward-looking statements are believed by management to be reasonable when made, they are subject to certain risks, uncertainties and assumptions, and our actual performance or results may differ materially from these forward-looking statements. Additional information regarding risks, uncertainties and assumptions relating to the Company and affecting our business operations and prospects are described in the Company's Annual Report on Form 10-K for the year ended December 31, 2012, and other reports filed with the U.S. Securities and Exchange Commission. You are urged to review our discussion of risks and uncertainties that could cause actual results to differ from forward-looking statements under the heading "Risk Factors" in such reports. The Company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
For more information about Innospec, please visit our website at www.innospecinc.com .
Brian Watt Innospec Inc. +44-151-356-6241 Robert D. Ferris RF|Binder Partners +1-212-994-7505
