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
Binder+Co

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 awarded.

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
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company: Binder+Co Aktiengesellschaft
Grazerstraße 19-25
A-8200 Gleisdorf
phone: +43 3112 800-363
FAX: +43 3112 800-320
mail: karl.grabner@binder-co.at
WWW: www.binder-co.com
sector: Machine Manufacturing
ISIN: AT000BINDER3
indexes: mid market
stockmarkets: Third Market: Wien
language: English