Skip to main content

Lydall Partners with XPRIZE, Empowering the Next Generation of Innovators in Developing Solutions to the COVID-19 Crisis

MANCHESTER, Conn., Sept. 24, 2020 (GLOBE NEWSWIRE) — Lydall, Inc. (NYSE:LDL), a leading global manufacturer of value-added engineered materials and specialty filtration solutions, today announced its partnership with XPRIZE, a nonprofit organization that uses global competitions to crowdsource solutions to some of the world’s biggest challenges. Lydall will supply fine fiber meltblown filtration media, the critical component of N95 respirators and surgical masks that traps harmful particles, to the 25 qualified teams of XPRIZE’s Next-Gen Mask Challenge. Launched in July 2020, this four-month challenge invites young adults around the world to develop the next generation of surgical-grade consumer face masks. In addition to sharing a one-million-dollar prize, the three winning teams will be connected to rapid manufacturing opportunities in the U.S. to bring their designs to life.
A global market leader in specialty filtration solutions for 100 years, Lydall is one of only a few companies in the U.S. and the world capable of manufacturing fine fiber meltblown filtration media for face masks and high-efficiency air filtration systems. Doing so requires extensive technical expertise, deeply ingrained supplier relationships and access to the right equipment. For decades, Lydall has produced filtration media at its facilities in Rochester, New Hampshire, and Saint-Rivalain, France.Although the material has a variety of applications, in response to COVID-19, Lydall quickly pivoted to meet the explosive demand for meltblown filtration media for N95 respirators, surgical masks and other personal protective equipment (PPE). The company also announced investments in two new production lines in New Hampshire and one in France. The first new production line will be operational by the beginning of 2021, with the other two coming on line in mid-2021, increasing Lydall’s output of meltblown filtration media many times over.“Innovation is core to who we are, and that means not only challenging ourselves to advance filtration science, but also supporting the next generation of innovators,” said Ashish Diwanji, President of Lydall Performance Materials, who will also serve on the judging panel for the challenge. “We’re honored to use our knowledge and resources to support XPRIZE and the young adults who are passionate about addressing the greatest global health crisis in over a century. I speak on behalf of all my colleagues at Lydall when I say that we can’t wait to see what kinds of solutions the teams come up with.”Participants in XPRIZE’s Next-Gen Mask Challenge are tasked with designing face masks that offer a level of performance comparable to that of a surgical mask. This means that the mask must block 95 percent of particles while letting in enough air to allow the wearer to breathe comfortably. Lydall’s meltblown filtration media enables mask manufacturers to meet rigorous standards for quality and efficiency set in the U.S. by NIOSH, a division of the CDC, and ASTM. The material is even imbued with an electric charge that attracts particles, keeping them away from the wearer’s nose and mouth.“We’re thrilled to have found such a strong partner for the XPRIZE Next-Gen Mask Challenge in Lydall,” said Sarah Saenz, XPRIZE Next-Gen Mask Lead. “We are challenging young innovators across the world to shift the perception around mask-wearing behavior by reimagining face masks entirely, but the most important aspect is safety. Lydall is providing the critical filtration media that makes N95 and surgical masks effective, and just as importantly, its team of engineers and material scientists will provide counsel and support to young adults around the world who want to build a better face mask. Their participation will help ensure that real solutions to a very real crisis are made available to our communities.”For more information on Lydall’s role in preventing the spread of COVID-19, visit https://lydall.com/covid-19-relief-effort.About Lydall, Inc.
Headquartered in Manchester, Connecticut with global manufacturing operations, Lydall delivers value-added engineered materials and specialty filtration solutions that promote a cleaner, safer and quieter world. We partner with our customers to develop bespoke, high-performing and efficient solutions that are adaptable and scalable to meet their needs. Lydall is a New York Stock Exchange-listed company. For more information, visit http://www.lydall.com. Lydall® is a registered trademark of Lydall, Inc. in the U.S. and other countries.
Media:
Danielle Orsino
Telephone 949-365-6609
danielle@dynamisadvisors.com
Investors:
Brendan Moynihan
Telephone 860-646-1233
Facsimile 860-646-4917
info@lydall.com
www.lydall.com
A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/8107f9b6-36c6-4778-8f92-837549243307A video accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/a8b0ad4b-b6bf-414b-97ab-8a368907fb76

Disclaimer & Cookie Notice

Welcome to GOLDEA services for Professionals

Before you continue, please confirm the following:

Professional advisers only

I am a professional adviser and would like to visit the GOLDEA CAPITAL for Professionals website.

Important Notice for Investors:

The services and products offered by Goldalea Capital Ltd. are intended exclusively for professional market participants as defined by applicable laws and regulations. This typically includes institutional investors, qualified investors, and high-net-worth individuals who have sufficient knowledge, experience, resources, and independence to assess the risks of trading on their own.

No Investment Advice:

The information, analyses, and market data provided are for general information purposes only and do not constitute individual investment advice. They should not be construed as a basis for investment decisions and do not take into account the specific investment objectives, financial situation, or individual needs of any recipient.

High Risks:

Trading in financial instruments is associated with significant risks and may result in the complete loss of the invested capital. Goldalea Capital Ltd. accepts no liability for losses incurred as a result of the use of the information provided or the execution of transactions.

Sole Responsibility:

The decision to invest or not to invest is solely the responsibility of the investor. Investors should obtain comprehensive information about the risks involved before making any investment decision and, if necessary, seek independent advice.

No Guarantees:

Goldalea Capital Ltd. makes no warranties or representations as to the accuracy, completeness, or timeliness of the information provided. Markets are subject to constant change, and past performance is not a reliable indicator of future results.

Regional Restrictions:

The services offered by Goldalea Capital Ltd. may not be available to all persons or in all countries. It is the responsibility of the investor to ensure that they are authorized to use the services offered.

Please note: This disclaimer is for general information purposes only and does not replace individual legal or tax advice.