Complete exhaust is hand made from stainless steel including with carbon-fiber tailpipes made with hand lay-up technique & heat resistant epoxy resin cured in owen.
On the inner side carbon-fiber “sleeve” there is also aluminum temeperature isolation which prevent heating CF and at the back side where CF sleeve is attached there are also holes for coolling the space between inner tube and CF sleeve during ride… I run this exhaust almost 2 years with no color or structural changes on carbon fiber.
Some pics: