19.06.2018
Voltabox AG DE000A2E4LE9
DGAP-News: Voltabox Initiates New Market Strategy in Intralogistics - First Distributors and End Customers Acquired After Entrance Into Direct Sales
DGAP-News: Voltabox AG / Key word(s): Alliance
Voltabox Initiates New Market Strategy in Intralogistics - First
Distributors and End Customers Acquired After Entrance Into Direct Sales
19.06.2018 / 08:05
The issuer is solely responsible for the content of this announcement.
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Voltabox Initiates New Market Strategy in Intralogistics - First
Distributors and End Customers Acquired After Entrance Into Direct Sales
- Direct market access of intralogistics applications as additional sales
channel for Voltabox
- Voltabox's established cooperation with Triathlon Batterien to continue
- Accelerated expansion of competitive position in lithium-ion battery
systems for intralogistics applications
- Partnership with high-profile industrial truck distributor is first
success of own sales activities
Delbrück, Germany, June 19, 2018 - Voltabox AG [ISIN DE000A2E4LE9] announced
today that it will be expanding its close partnership with Triathlon
Batterien GmbH. In parallel with the successful cooperation with Triathlon,
Voltabox is also initiating direct sales of its battery systems for
intralogistics applications.
Market estimates expect the annual global market volume for battery systems
in intralogistics to increase to around 1.5 million units, with a total
market value of about $ 16 billion, by 2027. Due to the clear total cost
benefits for users over conventional lead-acid batteries, there will be a
considerable increase in modern lithium-ion battery systems to two-thirds of
all the batteries sold in intralogistics worldwide.
As the leading supplier of modern lithium-ion battery systems for forklifts
and automated guided vehicles, Voltabox aims to utilize this massive growth
potential and decisively shape the ongoing process of using substitutes for
conventional lead-acid batteries. The company announced this goal as part of
its initial public offering (IPO) in October 2017 and is now taking an
important step in executing it.
The cooperation with Triathlon Batterien GmbH, who has been the company's
partner since 2014, is now being fundamentally updated. Triathlon will
supply Voltabox's battery modules to continue to secure common cost
advantages, and with it, will cover the increasing demand for
lithium-ion-based systems for industrial applications. Additionally,
Voltabox is now taking over direct sales to intralogistics companies across
the whole of Europe and North America. According to the previous agreement
with Triathlon, this direct market access would only have been possible
starting in 2020. With this new agreement, the two companies will as of now
simultaneously sell lithium-ion battery systems to customers for industrial
trucks, jacking systems, cleaning machines and interruption-free emergency
power supplies.
"The collaboration with Triathlon gave us our first indirect access to an
important growth market. We are now taking the next obvious step and closing
the gap to sell directly to forklift manufacturers," says Jürgen Pampel,
Chief Executive Officer of Voltabox AG. "Manufacturers and major customers
expect a direct supply so that they can meet their specific requirements for
lithium-ion-based battery systems even faster. We are thus complementing our
work perfectly with Triathlon's sales network."
"We are receiving more and more requests for innovative, safe and reliable
battery systems. Our close and trusting partnership with Voltabox ensures
that we can optimally meet this need. This step is therefore especially
valuable because, through this cooperation, we can harness potential
synergies even better than before," elaborates Martin Hartmann, Managing
Director of Triathlon Batterien GmbH.
The first payoff from the simultaneously initiated expansion of the Voltabox
team for direct sales comes in the form of orders for the supply of
lithium-ion battery systems to a high-profile, large-scale German industrial
company by an authorized industrial truck distributor. In the future,
Voltabox will supply both OEM manufacturers in the intralogistics industry
and large forklift truck fleet operators with high-quality battery systems -
both in the European and U.S. markets.
In terms of the supply agreement between Voltabox and Triathlon, the
concluded contract provides for the sale of Voltabox's lithium-ion battery
systems designated for the EU to be assembled by Triathlon from now on.
Voltabox will produce and deliver the modules, while Triathlon will install
troughs as well as system and module electronics. The agreement stipulates
that Triathlon will purchase a minimum number of modules. The lithium-ion
battery systems for the North American region will be assembled by Voltabox
of Texas, Inc., commencing immediately. Triathlon will deliver troughs as
well as system and module electronics to Voltabox for these systems.
The already-high order backlog for battery modules and systems for
intralogistics as well as the expected future demand in this market segment
as a result of the new positioning will lead to optimized utilization of the
automated series production. This will enable improved economies of scale,
which could have a positive effect on the margin as early as the second half
of the year if everything goes according to plan. According to the
management of Voltabox AG, this should have no effect on the previously
published forecast for the 2018 fiscal year.
About Voltabox AG
Voltabox is a high-growth e-mobility system provider for industrial
applications. Its core business lies in intrinsically safe, highly developed
high-performance lithium-ion batteries that are modular and in serial
production. The battery systems are used in buses for public transportation,
forklifts, automated guided vehicles and mining vehicles. The company also
develops and produces high-quality lithium-ion batteries for selected mass
market applications, such as high performance motorcycles. Voltabox has
production sites at its headquarters in Delbrück, Germany, and in Austin,
Texas, as well as a development site in Aachen, Germany. Additional
information about Voltabox can be found at www.voltabox.ag/en/.
Financial Press & Investor Relations Contact
Voltabox AG
Dr. Kai Holtmann
Artegastraße 1
D-33129 Delbrueck
Phone: +49 (0) 52 50 - 99 30-964
Fax: +49 (0) 52 50 - 99 30-901
E-Mail: [email protected]
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19.06.2018 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
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Language: English
Company: Voltabox AG
Artegastraße 1
33129 Delbrück
Germany
Phone: +49 (0)5250 9930 964
Fax: +49 (0)5250 9930 901
E-mail: [email protected]
Internet: www.voltabox.ag
ISIN: DE000A2E4LE9
WKN: A2E4LE
Listed: Regulated Market in Frankfurt (Prime Standard); Regulated
Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich,
Stuttgart, Tradegate Exchange
End of News DGAP News Service
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