Patrick Paige, CEO of the American Veritas investor HDT Automotive Solutions, as well as representatives of the employees' side, the top management of the Main-Kinzig district and the city of Gelnhausen met today, Thursday, for a first acquaintance. The meeting in the company's own "VeriForum" was also attended by insolvency administrator Dr. Jan Markus Plathner (Brinkmann & Partner) and representatives of the IG BCE trade union.

The CEO of HDT, Patrick Paige, personally introduced the investor. Paige emphasized here:

"We are looking forward to working together with Veritas' German and foreign sites. Veritas will play an important role in expanding our global business, particularly in thermal management systems needed for the growing hybrid and electric vehicle market." Paige also provided an initial overview of the measures intended in the short term to return Veritas to a sustainable course. Insolvency administrator Dr. Jan Markus Plathner, HDT and the works council are pursuing a joint solution in this regard.

Works Council Chairman Glenn Lawrence assured that the employee representatives would continue to work hard on the issue, but at the same time constructively on the future of Veritas. District Administrator Thorsten Stolz and Gelnhausen's Mayor Daniel Glöckner underlined the importance of Veritas as one of the largest employers in the region.

Press Contact Insolvency Administrator Dr. Jan Markus Plathner:

Schellenberg & Kirchberg PR
Cord Schellenberg
Telefon: 040-59350500

mail@schellenberg-kirchberg-pr.de

About HDT Automotive Solutions
HDT Automotive Solutions is the result of a global merger of six companies on three continents. The company has manufacturing, engineering, research and development and customer support operations in the U.S., Canada, Mexico, Europe and China. Worldwide, 4,000 men and women work for HDT at 10 locations in 8 countries. The company is based in Livonia, Michigan.

www.hdt-auto.com

About Veritas AG
Veritas AG and its subsidiaries are development partners to the automotive industry with leading materials and systems expertise for fluid, thermal and seal management in vehicles. For automotive manufacturers, Tier 1 suppliers and industrial customers, the company is represented on three continents with locations in Germany, Sarajevo (Bosnia-Herzegovina), Mieders (Austria), Dunakiliti (Hungary), Kunshan (China), Puebla (Mexico) and Cerkezköy (Turkey). The company's roots go back to the "Berliner Gummiwaarenfabrik" founded in 1849 by William Elliott in Berlin. After several mergers in the late 19th century, the company operated as Veritas Gummiwerke Aktiengesellschaft from 1929 to 1999. Veritas AG is the oldest rubber processing company in Germany.

www.veritas.ag

About Brinkmann & Partner

Dr. Jan Markus Plathner has been working as an insolvency administrator for around 20 years and is highly experienced in the reorganization of insolvent companies. His proceedings and restructuring successes include the Neumayer Tekfor Group with almost 4,000 employees, the Küpper Group and numerous other automotive companies, as well as ROVEMA GmbH, the Walter Group with approx. 8,000 employees, TCG Herrmann Präzisionsdruckguss with 300 jobs and Rena GmbH with approx. 500 employees. Brinkmann & Partner was founded in Hamburg in 1980 and is now represented by 30 branches in all economic centers of Germany. Particular emphasis is placed on personal on-site support for clients by a partner and his team. Through its entrepreneurial approach, Brinkmann & Partner has earned a leading reputation in corporate restructuring and is one of Germany's largest insolvency administrator firms with over 20 trustees.

www.brinkmann-partner.de