ENGLEWOOD, Colo., Aug. 25, 2014 (GLOBE NEWSWIRE) -- Innospec Inc. (Nasdaq:IOSP) is proud to be associated with the Pentagon Federal Credit Union Foundation (PenFed Foundation) Military Heroes® Fund, which provides emergency financial assistance to wounded service members and veterans from all wars, including those in Iraq and Afghanistan.
Earlier this month, Innospec gathered together more than 200 of its customers, suppliers and partners at a fundraising event in Lone Tree, CO. As a result of the generosity of all sponsors, participants and contributors, Innospec was able to make a donation of nearly $80,000 to the PenFed Foundation to support its Military Heroes® Fund.
"The entire day was inspiring. Innospec is an amazing partner of the PenFed Foundation, working with us to provide service members, veterans and their support networks with the skills and resources they need for a sound and secure financial future," said Jane E. Whitfield, President & CEO of the PenFed Foundation. "The generosity of Innospec and its business partners has allowed the PenFed Foundation to significantly grow our Military Heroes Fund, which provides emergency financial assistance for wounded, ill, and injured veterans of Operation Iraqi Freedom and Operation Enduring Freedom."
Patrick S. Williams, President and CEO of Innospec said, "We are so proud to be associated with the PenFed Foundation at this important time, as they have recently opened the doors to Defenders Lodge, providing free accomodations to our veterans. It is important that we engage with the communities around us, and contribute when we can to those who are both in need and deserving of our support. We are delighted as well, that our customers and suppliers have been able to join with us in making this contribution, which is a small acknowledgement to those men and women of our armed forces, who have given so much of their lives to defend us. We are very proud to be associated with the PenFed Foundation and the Military Heroes® Fund."
About Innospec Inc.
Innospec Inc. is an international specialty chemicals company with approximately 1100 employees in 20 countries. Innospec manufactures and supplies a wide range of specialty chemicals to markets in the Americas, Europe, the Middle East, Africa and Asia-Pacific. Innospec's Fuel Specialties business specializes in manufacturing and supplying the fuel additives that help improve fuel efficiency, boost engine performance and reduce harmful emissions. Innospec's Performance Chemicals business provides effective technology-based solutions for our customers' processes or products focused in the Personal Care; Polymers; and Fragrance Ingredients markets. Innospec's Octane Additives business is the world's only producer of tetra ethyl lead.
About the Pentagon Federal Credit Union Foundation (PenFed Foundation)
The PenFed Foundation is a nationally recognized nonprofit organization working to meet the unmet needs of military members and their families through supporting wounded warriors and providing financial management assistance and home ownership aid. The foundation is also the primary sponsor of a new free hotel for veterans called the Lee & Penny Anderson Defenders Lodge, a $17 million public-private partnership with the Department of Veterans Affairs in which the foundation is raising $11 million to cover the cost of construction. PenFed (Pentagon Federal Credit Union) covers all labor expenses for the foundation so every dollar donated goes directly to supporting its programs.
For more information about Innospec, please visit our website at www.innospecinc.com.