Gates Launches Poly Chain® Carbon™ ONE to Expand Chain to Belt Conversion Opportunities Across Industrial Markets

New Synchronous Belt Delivers Maintenance-Free Operation and Lower Total Cost of Ownership Than Traditional Roller-Chain Drives

DENVER, Nov. 4, 2026 /PRNewswire/ -- Gates Industrial Corporation Ltd. (NYSE: GTES), a global manufacturer of innovative, highly engineered power transmission and fluid power solutions, today announced the launch of Poly Chain® Carbon™ ONE, a next-generation synchronous belt designed to expand the Gates industrial power transmission portfolio. The new innovation advances the company's Industrial Chain to Belt growth initiative by enhancing customer optionality to transition from traditional roller-chain systems to advanced synchronous belt technology across a broader range of demanding industrial applications. 

Industrial equipment manufacturers and production operations continuously require new ways to improve productivity, increase equipment reliability and reduce operating costs. Synchronous belts offer long-term operating advantages over roller chain, but upfront cost has often been a barrier to conversion. Poly Chain Carbon ONE significantly narrows that gap, making belt drives a more accessible alternative for customers looking to replace existing chain drives and for machinery original equipment manufacturers (OEMs) developing new equipment.  

"A major opportunity for Chain to Belt is making synchronous belt technology a compelling choice at the start of the machine design process," said Mike Haen, vice president of global product line management and marketing at Gates. "Poly Chain Carbon ONE gives machine builders greater design flexibility and a more competitive drive-system cost while delivering their end users the reliability, maintenance-free operation and lower total cost of ownership offered by a belt drive."

Key Benefits 

• Up to 80% lower total cost of ownership compared with roller-chain drives
• Maintenance-free operation with no lubrication or retensioning required, helping customers maximize uptime and labor efficiency
• Greater design flexibility with the same performance, in drives up to 15% narrower than previous Poly Chain solutions
• Reduced weight with drive systems up to 97% lighter than roller-chain drives
• Broader application fit with static-conductive performance throughout the belt life and compatibility with existing Poly Chain sprockets 

Poly Chain Carbon ONE arrives as Gates marks its 115th anniversary, reinforcing the company's longstanding commitment to power transmission innovation for industrial customers. Designed to meet the demands of a wide range of industrial environments, the new belt supports applications including packaging and processing lines, automated production and air-handling equipment across food and beverage, pharmaceutical, advanced manufacturing and other industrial markets. 

Gates is already engaged with OEMs to explore the belt's performance advantages and integration into future equipment designs. Channel partner availability will begin in North America and expand globally throughout 2027. For more information about Poly Chain Carbon ONE, visit the Poly Chain Carbon ONE Innovations Page.

About Gates Industrial Corporation Ltd.  
Gates is a global manufacturer of innovative, highly engineered power transmission and fluid power solutions. Gates offers a broad portfolio of products to diverse replacement channel customers, and to OEMs as specified components. Gates participates in many sectors of the industrial and consumer markets. Our products play essential roles in a diverse range of applications across a wide variety of end markets ranging from harsh and hazardous industries to everyday consumer applications, including virtually every form of transportation. Our products are sold in more than 130 countries across our three commercial regions: the Americas; Europe, Middle East & Africa; Asia-Pacific. For more information, visit gates.com. 

Forward Looking Statement 
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. In some cases, you can identify these forward-looking statements by the use of words such as "outlook," "believes," "expects," "potential," "continues," "may," "will," "should," "could," "seeks," "predicts," "intends," "trends," "plans," "estimates," "anticipates" or the negative version of these words or other comparable words. These statements include, but are not limited to, statements related to the Company's expectations regarding its new Poly Chain Carbon ONE product, including its expected availability in the U.S. and globally. Such forward-looking statements are subject to various risks and uncertainties, including, among others, U.S. policies, actions or legislation (including the imposition of tariffs), economic, political and other risks associated with international operations (including as a result of the ongoing conflicts in the Middle East and their impact on supply chains, such as reduced availability of certain of our production materials and increased supply costs, and economic conditions), availability of raw materials or other manufacturing inputs at favorable prices in sufficient quantities, or at a given time, changes in our relationships with, or the financial condition, performance, purchasing power or inventory levels of key channel partners, dependence on the continued operation of our manufacturing facilities, supply chains, distribution systems and information technology systems, our ability to forecast demand or meet significant increases in demand and market acceptance of new product introductions and innovations. Additional factors that could cause the Company's results to differ materially from those described in the forward-looking statements can be found under the section entitled "Risk Factors" of the Company's Annual Report on Form 10-K for the fiscal year ended December 31, 2025 filed with the Securities and Exchange Commission, as such factors have and may be updated from time to time in the Company's periodic filings with the SEC, which are accessible on the SEC's website at www.sec.gov. Accordingly, there are or will be important factors that could cause actual outcomes or results to differ materially from those indicated in these statements. 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, whether as a result of new information, future developments or otherwise, except as required by law. 

SOURCE Gates Corporation