22.09.2016
paragon AG DE0005558696
Voltabox, a paragon subsidiary, showcases cutting-edge battery solutions for commercial vehicles at the IAA in Hanover
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
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Issuer: paragon AG
Key word(s): Automobile
22.09.2016 Dissemination of a Press Release, transmitted by DGAP - a service
of EQS Group AG.
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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
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