ENGLEWOOD, Colo., Sept. 15, 2015 (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.
As a result of a gathering of more than 180 customers, suppliers, and partners in Lone Tree, CO, last month, Innospec was able to make a donation of nearly $70,000 to the PenFed Foundation to support its Military Heroes® Fund. Since its inception in 2007, the Innospec event has now donated over $350,000 to the Fund.
The mission of the PenFed Foundation is to provide service members, veterans, their families, and support networks with the skills and resources they need to build a strong financial future through programs on financial education, credit-building, home ownership, and short-term assistance.
Fred Caprio, the Board Vice-Chairman of the PenFed Fund said "Once again, Innospec and their partners have shown themselves to be tremendous supporters of our work, allowing us to provide service members, veterans and their support networks with the skills and resources they need for a sound and secure financial future."
Patrick S. Williams, President and CEO of Innospec said, "It is a privilege to continue our support of the Fund 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 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."
About Innospec Inc.
Innospec Inc. is an international specialty chemicals company with approximately 1300 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 and Polymers 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.