Press Release Aug 17 2020

Time Technoplast Limited has informed the Exchange regarding a press release dated August 17, 2020, titled "This has reference to the Press Release dated 17.08.2020 concerning receiving approval for Fully Wrapped Carbon Fibre Reinforced Type-IV Composite Cylinders for CNG Cascades. ".Several investors / shareholders called up in appreciation and wished to enquire the current status of similar CNG Cylinders for On Board Application (Cars, Trucks, Buses, Three Wheeler etc.).We have clarified that the Company has successfully developed CNG Composite Cylinders for On Board application and it has internally passed all the necessary tests under ISO : 11119-3:2013. The Cylinders are in advanced stage of formal testing / approval by Petroleum And Explosives Safety Organization (PESO) and Bureau Veritas. Company is expecting the necessary approval to be in hand not later than 31st December, 2020.Company shall be the only producer of Type-IV CNG Composite Cylinders in India for On Board application. Several automotive companies have evinced interest in Carbon Fibre Reinforced Type-IV Cylinders as a replacement for Steel Cylinders owing to several technical and operational advantages (75% reduction in weight, EXPLOSION PROOF, Corrosion & Rust free, etc.)Company shall advice the details on receipt of formal approval.

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