Cicor mourns the death of Chairman Heinrich J. Essing

Bronschhofen, November 2, 2020 - The Board of Directors of Cicor Technologies Ltd. (SIX Swiss Exchange: CICN) has the painful obligation to inform that the current Chairman Heinrich J. Essing has passed away unexpectedly.

Heinrich J. Essing joined Cicor's Board of Directors in 2009 and was its Chairman since 2015. During his term of office, he made significant contributions to Cicor's development into a high-growth and profitable company. Cicor has benefited in particular from his connections to international financial institutions as well as his expertise in real estate matters.

In Heinrich J. Essing, Cicor has lost an extremely loyal and committed Chairman and a highly esteemed person.

The current Vice Chairman, Robert Demuth, will take over the position as Chairman of the Board of Directors for the remaining period of office until the next ordinary General Assembly. The further course of business and the strategic orientation of the Cicor Group will therefore remain unaffected.

The Board of Directors, the Group Management and the employees of the Cicor Group express their sincere and heartfelt condolences to the relatives of Heinrich J. Essing and will keep him in grateful memory as a committed Chairman of the Board.

Contact:
Robert Demuth                                              Alexander Hagemann
Chairman of the Board of Directors               CEO
Tel. +41 71 913 73 00                                    Tel. +41 71 913 73 00
E-mail: media@cicor.com                              E-mail: media@cicor.com

Cicor Management AG
Gebenloostrasse 15
9552 Bronschhofen
Switzerland