Innospec Receives Two Prestigious Awards From Henkel for Outstanding Innovation and Support in Home and Personal Care

ENGLEWOOD, Colo., Feb. 02, 2021 (GLOBE NEWSWIRE) -- Innospec (NASDAQ: IOSP) was recognized for its leadership by Henkel with the presentation of two awards during the 2021 American Cleaning Institute (ACI) Virtual Summit.

Innospec received first place in “Best Innovation Contributor Beauty Care 2020” for its outstanding support enabling Henkel to launch a shampoo powder in record time with its Pureact surfactant technology. Innospec’s Pureact line is a versatile range of mild, sulfate-free, low 1,4-dioxane surfactants which deliver high foaming properties in liquid and solid hair and body care formulations.

Bruce McDonald, President of Innospec Performance Chemicals, said,

“We are honored to receive these awards from Henkel, a key partner and one of the global beauty and home care leaders. This recognition highlights our ongoing commitment to best-in-class innovation and customer support. Our combination of specialized technology and responsive service enables our customers to continually formulate products which meet their performance and sustainability goals.”

In addition, Innospec received second place in “Best Supply Performance 2020” for its efforts to secure the supply of critical materials for Henkel’s toilet rim blocks during a plant changeover event.

William Mounsey, Global Commercial Director of Innospec Performance Chemicals, said,

“Throughout the pandemic it has been our priority to maintain the excellent level of operational and supply support that our customers expect while ensuring the health and safety of our employees. We are proud to see that our performance during 2020 has been recognized with these notable awards from Henkel.”

About Innospec Inc.

Innospec Inc. is an international specialty chemicals company with approximately 1900 employees in 24 countries. Innospec manufactures and supplies a wide range of specialty chemicals to markets in the Americas, Europe, the Middle East, Africa and Asia-Pacific. The Fuel Specialties business specializes in manufacturing and supplying fuel additives that improve fuel efficiency, boost engine performance and reduce harmful emissions. Oilfield Services provides specialty chemicals to all elements of the oil and gas exploration and production industry. The Performance Chemicals business creates innovative technology-based solutions for our customers in the Personal Care, Home Care, Agrochemical, Mining and Industrial markets.

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,” “estimates,” “anticipates,” “may,” “believes,” “feels,” “plan,” “intend” or similar words or expressions, for example) which relate to earnings, growth potential, operating performance, events or developments that we expect or anticipate will or may occur in the future. Although forward-looking statements are believed by management to be reasonable when made, they are subject to certain risks, uncertainties and assumptions, including, the effects of the COVID-19 pandemic, such as its duration, its unknown long-term economic impact, measures taken by governmental authorities to address it and the manner in which the pandemic may precipitate or exacerbate other risks and/or uncertainties, and our actual performance or results may differ materially from these forward-looking statements. Additional information regarding risks, uncertainties and assumptions relating to Innospec and affecting our business operations and prospects are described in Innospec’ s Annual Report on Form 10-K for the year ended December 31, 2019, Innospec’s Quarterly Report on Form 10-Q for the quarter ended September 30, 2020 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. Innospec undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

Contacts:

Corbin Barnes

Innospec Inc.

+44-151-355-3611

corbin.barnes@innospecinc.com