30.03.2017
paragon AG DE0005558696
DGAP-News: paragon Subsidiary Voltabox Receives New Major Order for Lithium-Ion Battery Modules
DGAP-News: paragon AG / Key word(s): Miscellaneous
paragon Subsidiary Voltabox Receives New Major Order for Lithium-Ion Battery
Modules (news with additional features)
30.03.2017 / 15:00
The issuer is solely responsible for the content of this announcement.
---------------------------------------------------------------------------
paragon Subsidiary Voltabox Receives New Major Order for Lithium-Ion Battery
Modules
- Major client issues order for total energy content of 10 megawatt hours
(MWh)
- Traction batteries based on proven lithium-nickel-manganese-cobalt-oxide
technology (NMC)
- Production on new, highly automated assembly line at Delbrück site
- Delivery in current fiscal year
Delbrück, Germany, March 30, 2017 - paragon AG [ISIN DE0005558696] has
announced a new order from a major customer for the German Voltabox
subsidiary today.
With its innovative technology concepts, the wholly owned Voltabox
subsidiary has successfully established itself as a leading provider in
individual electromobility submarkets within a short period of time. The
advantages of lithium-ion technology, the forward-looking energy system
design, the active thermal management and the intelligent battery management
from Voltabox provide vehicles and machines with high load requirements with
performance and cost benefits that simply aren't possible with any other
drive technology available on the market today.
"This new major order is further confirmation for Voltabox of our leading
manufacturing technology for mass producing battery modules," said Klaus
Dieter Frers, founder and CEO of paragon AG and managing director of
Voltabox. "Our clear strategic positioning in individual electromobility
submarkets helps us to immediately implement the planned growth in this
segment of the paragon Group and to quickly expand our market position as a
leading provider of efficient lithium-ion battery systems."
The current order will use Voltabox's NMC technology, which has already been
extensively tested in practice. Batteries based on these cathode materials
combine several advantages of other battery technologies: the high capacity
of lithium cobalt oxide, the good high-current capability of lithium nickel
oxide and the overcharge stability and price benefits of lithium manganese
oxide. In addition, they offer a high average discharge voltage and can be
charged relatively quickly. Thanks to the variety of possible compositions,
they can be optimized well for specific applications - such as for
performance or capacity, for example. Consequently, this cellular chemistry
is preferred for electric vehicle drives.
By the end of 2016, Voltabox had already provided more than 18 MWh of energy
in the local public transport (trolleybuses) and intralogistics (forklifts)
submarkets. The new order for a total of 10 MWh will contribute to the
further dynamic expansion of the electromobility segment in the current
fiscal year as planned. The battery modules will be produced on the new,
highly automated assembly line, which is currently commencing operation at
the Delbrück site. This will significantly increase the production capacity
for battery modules in Germany.
More information about paragon AG at www.paragon.ag/en/investors.
Company Profile
paragon AG (ISIN DE0005558696), which is listed in the regulated market
(Prime Standard) of the Frankfurt Stock Exchange, develops, produces and
distributes forward-looking solutions in the field of automotive
electronics, e-mobility and body kinematics. As a direct supplier of the
automotive industry, the company's portfolio includes the Electronics
operating segment's innovative air-quality sensors, high-end acoustic
systems and state-of-the-art display instruments. With the Voltabox
subsidiaries, the Group is also active in the rapidly growing
Electromobility operating segment with its own lithium-ion battery systems
developed in-house. In the Mechanics operating segment, paragon develops and
produces adjustable body components such as adaptively extendable spoilers.
In addition to the company headquarters in Delbrück (North Rhine-Westphalia,
Germany), paragon AG and its subsidiaries operate sites in Suhl (Thuringia,
Germany), Nuremberg (Bavaria, Germany), St. Georgen (Baden-Württemberg,
Germany) and Bexbach (Saarland, Germany) as well as in Kunshan (China) and
Austin, Texas (USA).
Financial Press Contact & Investor Relations
paragon AG
Dr. Kai Holtmann
Artegastrasse 1
33129 Delbrück, Germany
Phone: +49 (0) 52 50 - 97 62-140
Fax: +49 (0) 52 50 - 97 62-63
E-mail: [email protected]
---------------------------------------------------------------------------
Additional features:
Picture: http://newsfeed2.eqs.com/paragon/560205.html
Subtitle: Voltabox NMC-Modul
---------------------------------------------------------------------------
30.03.2017 Dissemination of a Corporate News, transmitted by DGAP - a
service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
The DGAP Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Archive at www.dgap.de
---------------------------------------------------------------------------
Language: English
Company: paragon AG
Schwalbenweg 29
33129 Delbrück
Germany
Phone: +49 (0)5250 97 62 - 0
Fax: +49 (0)5250 97 62 - 60
E-mail: [email protected]
Internet: www.paragon.ag
ISIN: DE0005558696, DE000A1TND93
WKN: 555869, A1TND9
Listed: Regulated Market in Frankfurt (Prime Standard); Regulated
Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich,
Stuttgart, Tradegate Exchange
End of News DGAP News Service
---------------------------------------------------------------------------
560205 30.03.2017
|
Weitere Ad-hoc und Unternehmensrelevante Mitteilungen zu
paragon AG ISIN: DE0005558696 können Sie bei EQS abrufen
Automobilzulieferer , 555869 , PGN , XETR:PGN