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

2016-10-19 / 12:45
The issuer is solely responsible for the content of this announcement.

paragon AG Supports KUKA with Voltabox Batteries for Automated Guided Vehicles

- paragon subsidiary Voltabox GmbH and KUKA Roboter GmbH agree on long-term framework agreement

- Use of products possible in several areas (e.g. automotive industry)

- Voltabox to deliver first 96V batteries in the first quarter of 2017

Delbrück, October 19, 2016 - paragon AG [ISIN DE0005558696] today announced a long-term partnership between its Voltabox Deutschland GmbH subsidiary and KUKA Roboter GmbH, a leading global manufacturer of industrial robots, software and controllers.

KUKA AG is an international group with revenue of some EUR 2.1 billion and approximately 12,000 employees around the world. As one of the leading global providers of intelligent automation solutions, KUKA provides its customers with a one-stop service for everything from components - the robots - to cells to fully automated systems.

KUKA also offers modular manufacturing solutions for the industry of the future. The KMP 1500 automated guided vehicle (AGV) is suited to car body production facilities, for example, as it can independently transport the car body through all stages of the process. The KMP 1500's entire power supply will be provided by compact NMC battery packs (nickel-manganese-cobalt-oxide) from Voltabox in the future.

"The networked production summarized under the term 'Industry 4.0' is an ideal area of application for our Voltabox technology," says Klaus Dieter Frers, founder and Chief Executive Officer of paragon AG, "which is why we are so excited to have KUKA on board as another partner. The Voltabox technology enables the efficient, stable and long-term use of KUKA's AGVs."

Further information is available at www.paragon.ag/en/investors. Follow us on Twitter @paragon_ir

Company Profile

Listed in the regulated market (Prime Standard) of Deutsche Börse AG in Frankfurt am Main, paragon AG (ISIN DE0005558696) develops, produces, and sells innovative automotive electronics solutions. The portfolio of this direct supplier to the automotive industry includes products in the business segments of Sensors, Acoustics, Cockpit, E-mobility and Body Kinematics. In addition to its headquarters in Delbrück (North Rhine-Westphalia), paragon AG and its subsidiaries have locations in Suhl (Thuringia), Nuremberg (Bavaria), St. Georgen (Baden-Württemberg), and Bexbach (Saarland), as well as in Kunshan (China) and Austin (Texas, USA).

Financial Press Contact & Investor Relations

paragon AG
Dr. Kai Holtmann
Artegastraße 1
D-33129 Delbrück
Phone: +49 (0) 52 50 - 97 62-140
Fax: +49 (0) 52 50 - 97 62-63
E-Mail: kai.holtmann@paragon.ag

2016-10-19 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.

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