- Pyrum as the only German company among the nominees in the “Rising Star” category
- Award recognises the innovative strength of small and medium-sized companies that were publicly listed between 2021 and 2022
Dillingen /Saar, 20 July 2023 – Pyrum Innovations AG (“Pyrum”, the “Company”, ISIN: DE000A2G8ZX8), a pioneer in the sustainable recycling of end-of-life tyres (ELTs) based on its patented pyrolysis technology, has been nominated for the “Rising Star” award. This is part of the European Small and Mid-Cap Awards and is a joint initiative of the Federation of European Securities Exchanges (FESE), the European Commission and EuropeanIssuers. This year, Pyrum is the only German company among the nominees in this category. With this award, FESE recognises the resilience and innovative strength of small and medium-sized companies across the European Union and their contribution to economic growth.
Pascal Klein, CEO of Pyrum Innovations AG: “Being nominated as a ‘Rising Star’ by FESE is an extraordinary honour for us. We are pleased to be the only German company among the nominees and see this as a recognition of our efforts in the field of end-of-life tyre recycling. This nomination is an important incentive to continue to deliver excellence and drive the circular economy forward”.
The European Small and Mid-Cap Awards will take place this year in Bilbao, Spain, as part of the European Commission’s annual SME Assembly in mid-November 2023. Organised by FESE, an association of 35 European stock exchanges, the award aims to raise awareness of the benefits of equity financing and encourage smaller companies to consider this financing option. In addition to Pyrum, eight other European companies are in the running for the prestigious “Rising Star” award.