paragon AG: paragon subsidiary Voltabox receives first large-scale serial order for starter batteries

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

2015-07-31 / 13:39

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paragon subsidiary Voltabox receives first large-scale serial order for
starter batteries

  - High-efficiency lightweight starter batteries for combustion powered
    vehicles

  - Large-scale order with six-year term 

  - Contract volume of around EUR 72 million 

  - New business field offering great revenue potential

Delbrück, July 31, 2015 - The paragon subsidiary Voltabox Deutschland GmbH
has received its first large-scale order from a well-known German carmaker
for starter batteries in conventionally powered vehicles. Initial specimens
will already be supplied in August 2015 and production will start in May
2016. The contract has a six-year term and a revenue volume of
approximately EUR 72 million.

Klaus Dieter Frers, CEO of paragon AG, stressed the great significance of
this order for this still new business segment: "This order is a superb
example of the enormous range of potential uses for our Voltabox technology
and for the benefits of our modular system. This means that Voltabox has
now also successfully accessed the large market for conventionally powered
vehicles and thus stands to benefit from further great revenue potential
for the future."

As well as offering substantial weight savings of around 60% compared with
traditional lead-acid starter batteries, the lithium ion batteries offered
by Voltabox are also characterized by better cold start behavior,
significantly lower levels of self-discharge, and a considerably longer
lifespan. Given the modular structure of the starter batteries, Voltabox
can also manufacture these on its fully automated production line and thus
further raise its capacity utilization. Further talks are already underway
and Voltabox expects to receive additional orders from existing and new
customers.

"The Voltabox technology is not only highly versatile in terms of its
deployment - it also enables us to trigger a fundamental technological
transformation in numerous areas. And that is absolutely in the interests
of our customers, end consumers, and our shareholders - a classic win-win
situation," added Klaus Dieter Frers.

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), St. Georgen
(Baden-Württemberg) and Bexbach (Saarland), as well as subsidiaries in
Bexbach (SphereDesign), Shanghai (China) and Austin (Texas, USA).

Contact
paragon AG
Schwalbenweg 29
33129 Delbrück
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 and investor relations contact
Instinctif Deutschland GmbH
Michael Müller.: Tel.: +49 (0) 221/42075-0, E-mail:
michael.mueller@instinctif.com



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2015-07-31 Dissemination of a Corporate News, transmitted by DGAP - a
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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                                                  
 
 
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