paragon opening sales office in Italy

paragon AG / Miscellaneous Release of a Corporate News, transmitted by DGAP - a company of EquityStory AG. The issuer / publisher is solely responsible for the content of this announcement. ---------------------------------------------------------------------- · Next logical step toward internationalization · Successful sales model in France serving as the standard Delbrück, 28 February 2008 – paragon AG is again leading the way toward internationalizing its business and is opening a sales office in Italy. From its location in Turin this direct supplier to the automobile industry will be making even greater use of the available opportunities for growth on the Italian market. 'This new office is our way of showing just how important close cooperation with the Italian manufacturers really is. And, increasing our exports is also important to us,' emphasized chairman and CEO Klaus Dieter Frers. paragon will be orienting its new location in Italy on the successful sales model in France. It was by opening a sales office near Paris in 2004 that the company was able to enter the French market with its air quality sensors. paragon also provides application support on site, which ensures that customers have a qualified point of contact in their own country for any questions and issues they might have. In the meantime this model has been adopted for the sales of automotive products in the United States (Clio, Michigan site) and in Japan (Amagasaki City site). paragon is pleased to announce that it has secured the highly experienced Christian Patrick Ziegler for the newly created position of Italy sales manager. Ziegler has been working for more than ten years in the automotive sector and was most recently the sales and marketing manager for the Magneti Marelli Group in Germany and Italy. From his offices in the northern Italian city of Turin, Ziegler will be expanding the paragon sales network in Italy and enhancing the familiarity and recognition of the company’s brand as the systems partner of the automobile industry. About paragon AG: paragon AG is a direct supplier to the automotive industry and is listed on the Deutsche Börse Prime Standard index in Frankfurt/Main, Germany. The Company develops, manufactures, and markets innovative solutions in its Automotive (car media systems/climate systems/control and instrumentation), Electronic Solutions, and Building Technology divisions. Its product portfolio includes the world’s leading AQS air quality sensor by far as well as hands-free speaking equipment and instrumentation systems. In addition to its headquarters in Delbrück, North Rhine-Westphalia, paragon also operates locations in Suhl, Thuringia (production), Cadolzburg, Bavaria (car media systems), St. Georgen, Baden-Württemberg (instrumentation systems) and Heidenheim, Baden-Württemberg (Electronic Solutions sales). In the international arena, the paragon Group is represented by wholly-owned subsidiaries in Grand Rapids, Michigan, USA (development, production, and sales) and Osaka, Japan (applications and sales) as well as a sales office in Paris, France. In fiscal 2006, the paragon Group generated sales totaling €110.8 million with a workforce of 564 employees. paragon AG Schwalbenweg 29 33129 Delbrück Phone: +49 (0) 52 50 - 97 62-0 Fax: +49 (0) 52 50 - 97 62-60 Internet: www.paragon-online.de E-mail: info@paragon-online.de Head of Corporate Communications Matthias Hack Phone: +49 (0) 52 50 - 97 62-141 Fax: +49 (0) 52 50 - 97 62-60 E-mail: matthias.hack@paragon-online.de Investor Relations Haubrok Investor Relations GmbH Thomas Vormann Phone: +49 (0) 2 11 - 3 01 26-0 Fax: +49 (0) 2 11 - 3 01 26-172 E-Mail: t.vormann@haubrok.de 28.02.2008 Financial News transmitted by DGAP ---------------------------------------------------------------------- Language: English Issuer: paragon AG Schwalbenweg 29 33129 Delbrück Deutschland Phone: +49 (0)5250 97 62 - 0 Fax: +49 (0)5250 97 62 - 60 E-mail: investor@paragon-online.de Internet: www.paragon-online.de ISIN: DE0005558696 WKN: 555869 Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin, München, Hamburg, Düsseldorf, Stuttgart End of News DGAP News-Service ---------------------------------------------------------------------------