DGAP-News: paragon AG / Key word(s): Alliance

2015-03-30 / 10:58

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paragon subsidiary Voltabox Deutschland GmbH forms strategic partnership
with Triathlon Batterien GmbH

  - Partnership with leading provider of drive batteries for logistics
    applications opens up new market segment

  - Long-term master agreement covering several thousand battery modules a
    year

  - Annual revenue of several million euros secured

Delbrück, March 30, 2015 - paragon's subsidiary Voltabox Deutschland GmbH
has agreed a strategic partnership for the European market with Triathlon
Batterien GmbH, Glauchau. At core, this exclusive agreement involves
supplying lithium ion batteries for use in intralogistic solutions such as
electric forklift trucks, driverless transport systems etc.. Triathlon is
one of the leading providers in Germany of traditional lead acid batteries
in this market and aims to further expand its position with
high-performance lithium ion batteries from Voltabox. Alongside its
strategic partnership with Vossloh-Kiepe for electric buses Voltabox has
now accessed its second major market segment.

Voltabox will supply several hundred battery modules to Triathlon in 2015.
From 2016 onwards, output is scheduled to rise to several thousand modules
a year. paragon assesses the revenues expected over the next five years in
a double-digit million euro range.

Comments Klaus Dieter Frers, CEO of paragon AG: "We have long worked
towards building this partnership. We are delighted that this cooperation
with Triathlon will enable us to access a further complete and very
interesting market segment, and that without incurring the great expense
necessary to establish proprietary sales structures for this industrial
market. Further, this exclusive partnership offers not only enormous
revenue potential but also great planning reliability as the contractually
agreed minimum purchase volumes will add a substantial base capacity for
the highly automated production at Voltabox over several years."

Triathlon, a leading direct supplier and equipper for intralogistics drive
batteries, has nationwide sales and service structures and suitable
partners in other European countries. Just at the end of 2014, Triathlon
launched operations at Europe's most up-to-date battery assembly plant in
Glauchau including a production hall section specially earmarked for
Voltabox lithium ion batteries. In future, paragon's Voltabox subsidiary
will act as an exclusive partner manufacturing and supplying to Triathlon
all battery modules using this technology. These modules are designed for
use both in the replacement business with existing lead acid batteries and
in the original equipment market and can be individually grouped for a wide
variety of installation spaces.

Adds Klaus Dieter Frers: "Our strategic commitment to electromobility and
the substantial investments made in recent years are increasingly paying
off. This second major step, and by no means the last, will secure
substantial revenues for us over several years, raise the share of the
non-automotive business as a second source of revenue, and sustainably
boost our market position in the battery pack sector."

Company profile

Listed in the regulated market (Prime Standard) of Deutsche Börse AG in
Frankfurt am Main, paragon AG develops, produces, and sells advanced
automotive electronics solutions. The portfolio of this direct supplier to
the automotive industry includes products in the following business
segments: Sensors, Acoustics, Cockpit, Electromobility, and Body
Kinematics. Headquartered in Delbrück (North Rhine-Westphalia), paragon AG
has branches in Suhl (Thuringia), Nuremberg (Bavaria), and St. Georgen
(Baden-Württemberg), the subsidiary SphereDesign in Bexbach (Saarland) as
well as a sales office in Shanghai (China) and a subsidiary in Austin
(Texas, United States).

Contact

paragon AG
Schwalbenweg 29
33129 Delbrück
Germany
Tel.: +49 (0) 52 50 - 97 62-0
Fax: +49 (0) 52 50 - 97 62-60
Internet: www.paragon.ag
E-mail: info@paragon.ag

Financial press & investor relations contact
Instinctif Deutschland GmbH
Michael Müller
Tel.:  +49 (0) 221/42075-0
E-mail: michael.mueller@instinctif.com



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2015-03-30 Dissemination of a Corporate News, 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:      investor@paragon.ag                                        
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                                                  
 
 
End of News    DGAP News-Service  
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339069 2015-03-30                                                      
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