PI Innovation Develops new Business Models with Push4Impact as "Innovation Incubator"

Dear Colleagues,

I would like to inform you about a change regarding the sustainable innovation alignment of the PI Group.

As an ideas innovation scout, up until now, PI Innovation dealt with trends and ideas for future developments at PI, separately from day-to-day business. In the future, this organization and the appointed Managing Directors, Lucius Amelung and Erik Keune, will now start with the development of new business models and act as "innovation incubator" for the entire PI Group. The goal is to develop new business models with "impact" and accompany these, and even to invest in these models. This has been approved by all shareholders.

The present ideas scouting function for PI will be integrated into Corporate Advanced Research. The team under Dr. Markus Czanta focuses specifically on innovations in already existing technology fields for PI.

Push4Impact is both the new name and the objective. The new branding has been disassociated from the classical PI branding on purpose, but it is still closely connected to the new "part of PI" group logos. The team of Dr. Markus Simon, Dr. Anja Mader, Dr. Gabriela Kolbe, Prof. Dr. Christian Wachten, and Dick Moerman is searching for interesting business cases for the PI Group. The goal is to cultivate breakthrough innovations in the digitalization, life sciences, energy, and application automation fields.

Already this July, the organization will start with its first scouting event, the "Pitch4Impact" in Freiburg, Germany. We wish the team a successful start!

Best regards
Yours, Markus Spanner
Chief Executive Officer