Press Release

9 September 2022, 4 PM EEST

Betolar has appointed a Managing Director to Betolar India Plc

Betolar has appointed its first Managing Director to Betolar India Plc. Mr Abhishek Bhattacharya will start on 12[th]September 2022 in this new position in the company. Mr Abhishek Bhattacharya (MBA and M.Sc. in Civil Engineering) has twenty years of experience in business development, commercialization and production ramp-up in the concrete industry in India.

In this newly created role Mr Abhishek Bhattacharya will lead Betolar's India business and build necessary technical support and local laboratory capabilities in India to support Betolar's business plan. He will also be responsible of developing sales for the different business lines in India, focusing on applications where solutions have been approved for market adoption and work closely with R&D team to provide business case rationale for market driven product proposals.

"We are happy to have an experienced professional with an extensive background in the concrete business in India to start heading our Indian team. We have already made good progress in opening the markets in India and this is a good way to continue from that and start building Betolar India organization", says Mr Juha Pinomaa, Head of Asia, Betolar plc.

"I am delighted to start working for Betolar, which is an innovative materials technology company and has great potential in the Indian market to reduce construction sector's climate emissions. Indian construction sector has also climate targets and is looking for ways to achieve those. With Geoprime we are able to offer a proven method to reduce construction sector's CO2 emissions significantly", tells Mr Abhishek Bhattacharya.

More information:

Joanna Viileinen, Marketing and Communications Director, Betolar Oyj, joanna.viileinen@betolar.com,tel. +358 40 538 3366

About Betolar Plc

Betolar Plc is a Finnish materials technology company that offers the production of sustainable and low-carbon concrete with the Geoprime® solution. The solution converts several previously unused high-volume industrial side streams into a substitute for cement.

Betolar's innovation can significantly reduce CO2 emissions at a competitive cost compared to conventional cement-based concrete manufacturing, leveraging the existing manufacturing processes. Betolar's mission is to enable the green transformation of various industries globally, especially in the construction, process and energy industries by providing solutions to utilize its unique materials technology.

Betolar was founded in 2016 and is headquartered in Kannonkoski, Finland. Betolar is listed on the Nasdaq First North Growth Market. More information:https://www.betolar.com