NEWS RELEASE

Teijin to Sell Hydrogen Fuel Cells to Support Carbon Neutrality
Tokyo, Japan, February 1, 2021 --- Teijin Limited announced today that it has signed adistribution agreement with Intelligent Energy Limited, a British fuel cell manufacturer,
for the licensed sale of IE-LiftTM hydrogen fuel cells in Japan. Under the terms of thecontract, Teijin initially will sell the fuel cells to companies in the ICT, construction andmanufacturing industries and then later in other industries. Teijin is targeting sales ofJPY one billion by 2030.

Hydrogen fuel cells made by Intelligent Energy

The IE-LiftTM product range features three hydrogen fuel cell products in 1kW, 2.5kW
and 4kW power outputs. The products are modular and scalable and offer numerous
benefits where power is needed off-grid. Advantages, particularly over diesel generators,
include quiet operation, zero emissions, low maintenance and no ground pollution
issues.
Teijin, aiming to be a company that supports the society of the future, is confident thathydrogen fuel cells will help to reduce CO2 emissions in Japan and thereby contribute to
the nation’s achievement of the United Nations’ Sustainable Development Goals(SDGs).
With the signing of the Paris Agreement, the world has recognized that decarbonization
is an urgent global task. Responding to the trend of countries declaring their specificgoals for realizing carbon neutrality, the Japanese government has declared 2050 as its
target year for achieving this goal. The development of renewable-energy andlow-carbon power generation are among the accelerating initiatives in the energy field
aimed at realizing carbon neutrality.
Teijin, which supports both the United Nations Global Compact and SustainableDevelopment Goals (SDGs), contributes to provide environmental value solutions as
one of its core priority fields and declares its long-term goals for reducing environmental
impact in the company’s 2020-2022 management plan, entitled ALWAYS EVOLVING,
that was announced in February 2020.
About Intelligent EnergyIntelligent Energy is focused on the development and manufacture of its Proton
Exchange Membrane (PEM) fuel cell products for customers in the automotive,aerospace, generator, telecoms, materials handling and unmanned aerial vehicle (UAV)
sectors. The company is headquartered and manufactures in Loughborough in the UK,with additional offices and representation in the US, Japan, China, and South Korea.
www.intelligent-energy.com
About the Teijin Group
Teijin (TSE: 3401) is a technology-driven global group offering advanced solutions in thefields of environmental value; safety, security and disaster mitigation; and demographic
change and increased health consciousness. Originally established as Japan's firstrayon manufacturer in 1918, Teijin has evolved into a unique enterprise encompassing
three core business domains: high-performance materials including aramid, carbon
fibers and composites, and also resin and plastic processing, films, polyester fibers andproducts converting; healthcare including pharmaceuticals and home healthcare
equipment for bone/joint, respiratory and cardiovascular/metabolic diseases, nursing
care and pre-symptomatic healthcare; and IT including B2B solutions for medical,
corporate and public systems as well as packaged software and B2C online services for
digital entertainment. Deeply committed to its stakeholders, as expressed in the brandstatement “Human Chemistry, Human Solutions,” Teijin aims to be a company that
supports the society of the future. The group comprises more than 170 companies andemploys some 20,000 people across 20 countries worldwide. Teijin posted consolidated
sales of JPY 853.7 billion (USD 8.0 billion) and total assets of JPY 1,004.2 billion (USD9.4 billion) in the fiscal year that ended on March 31, 2020.
Press Contact
Corporate Communications
Teijin Limited
pr@teijin.co.jp