Gates Expands PRO Series Product Line with Launch of ProV Hydraulic Hoses for Industrial Applications

PRO Series Hoses and Couplings Broaden Solutions Offering for Wide-Ranging Applications and Markets

LUXEMBOURG CITY, Oct. 12, 2021 – Gates (NYSE: GTES), a leading global provider of application-specific fluid power and power transmission solutions, has further expanded its PRO™ Series portfolio with the launch of the new ProV™ hydraulic hose line for the European market.

The Gates PRO Series line of professional-grade hydraulic hoses and couplings offers performance specifically tailored to hydraulic applications across multiple end markets. Leveraging Gates’ deep application knowledge, materials science expertise and process engineering capabilities, the full line of PRO Series products delivers performance, reliability and design flexibility to meet the varying demands seen in today’s hydraulic systems.

The new ProV hoses enhance the PRO Series hose range of smooth hose cover solutions, providing a wide variety of products for both first-fit and replacement industrial applications. Gates technical experts and engineers are available to evaluate and optimize customers’ system designs to ensure the right solution for each application. ProV fully meets the requirements of EN 857 2SC - as well as those of the SAE 100 R16 with its tighter bend radii - and will be available in seven sizes ranging from -4 to -16. ProV is being produced in Gates’ new manufacturing plant in Legnica, Poland.

“Gates is the unmatched global leader in materials science and process engineering, offering solutions that blend performance, durability and value to suit all modern hydraulic applications,” said Tom Pitstick, CMO and senior vice president of Product Line Management for Gates. “With the new ProV hoses, we’re applying premium technology to our PRO Series line, enabling the broadest range of customers we serve to benefit from our latest materials advancements.”

ProV is specifically being launched in the European market where the EN 857 2SC specification is the most commonly used international reference standard. Learn more about ProV by visiting [website].

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These statements are related to and based on management's current expectations regarding the performance of the Company's business and its plans, objectives, and intentions. Such forward-looking statements are subject to various risks and uncertainties that could cause the Company's results to differ materially from those described in the forward-looking statements. Certain of these risks and uncertainties are discussed in the Company's Annual Report on Form 10-K for the fiscal year ended January 2, 2021, filed with the Securities and Exchange Commission ("SEC"). These factors should not be construed as exhaustive and should be read in conjunction with the other cautionary statements that are included in the Company's filings with the SEC. The Company undertakes no obligation to publicly update or review any forward-looking statement should circumstances change, except as required by law.