DGAP-Media / 22.09.2016 / 09:00 Voltabox, a paragon subsidiary, showcases cutting-edge battery solutions for commercial vehicles at the IAA in Hanover - Secure, high-performance battery systems for public transportation and mining - Specialist battery solutions for forklift trucks and automated guided vehicles - State-of-the-art starter batteries for all vehicle types Delbrück, September 22, 2016 - Via its subsidiary Voltabox, paragon AG [ISIN: DE0005558696] once again has its own stand at this year's IAA Commercial Vehicles in Hanover. Guided by its slogan of "Driven by ideas," the 66th IAA Commercial Vehicles - the world's most important trade show for transport, logistics and mobility - is being held in Hanover from September 22-29, 2016. One of this year's areas of focus is enhanced safety on the basis of electronics and sensor technology. The Voltabox team is presenting its range of products and services - which has now been considerably expanded - for the third time and can be found on their own stand (E10) in hall 13. The paragon AG Electromobility division, which was set up in 2011, is represented by two wholly owned subsidiaries: Voltabox GmbH based in Delbrück (Westphalia) and Voltabox of Texas, Inc. in Austin, Texas (USA). The exceptionally safe, intelligent and powerful lithium-ion battery systems made by Voltabox are distributed around the world thanks to strategic agreements with global partners such as Joy Global, Inc., Triathlon Batterien GmbH and Vossloh Kiepe GmbH. While the market for electromobility in commercial vehicles is still young, demand is growing all the time. The share of consolidated revenue at paragon AG attributable to this division, for example, increased threefold year-on-year in the first half of 2016. With a core team that currently comprises more than 60 specialist developers, constructors, testing engineers and production experts in Delbrück and Austin, the division can draw on the long-established group experience of paragon AG in the development and industrial series production of electronic component groups for the automotive industry, such as sensors and control devices. The early decision to systematically gear the Electromobility division to the complex requirements of commercial vehicles has made the company one of the world's leading suppliers in the market niches concerned in a short space of time. With a lifetime order backlog of more than EUR 500 million, Voltabox already accounts for 46% of the cumulative orders on the books of the paragon Group. More information is available at www.paragon.ag/en. End of Media Release --------------------------------------------------------------------------- Issuer: paragon AG Key word(s): Automobile 22.09.2016 Dissemination of a Press Release, 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 Media --------------------------------------------------------------------------- 504241 22.09.2016