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NEWS


2017/09/04 - paragon Subsidiary Voltabox Receives New Major Order for Trolleybus Equipment

  • Kiepe Electric places a follow-up order to equip another 185 trolleybuses in San Francisco
  • Latest lithium-ion battery systems based on proven lithium-iron-phosphate technology (LFP)
  • First delivery at the beginning of 2018

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2017/08/28 - Voltabox Appoints Jürgen Pampel as CEO

  • paragon CEO Klaus Dieter Frers transfers to the Supervisory Board
  • Andres Klasing takes over responsibility for the finance department

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2017/03/30 - paragon Subsidiary Voltabox Receives New Major Order for Lithium-Ion Battery Modules

  • Major client issues order for total energy content of 10 megawatt hours (MWh)
  • Traction batteries based on proven lithium-nickel-manganese-cobalt-oxide technology (NMC)
  • Production on new, highly automated assembly line at Delbrück site
  • Delivery in current fiscal year

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2017/03/27 - paragon AG once again grows faster than the market in 2016 and targets further acceleration

  • Consolidated revenue breaks € 100 million mark at € 103 million
  • Electromobility revenue doubles to nearly € 14 million
  • EBITDA leaps to € 16 million; EBIT margin rises to 9 percent
  • Equity ratio at 30 percent due to capital increase (prior year: 21 percent)
  • Forecast for 2017: Revenue of € 120 to 125 million – with an EBIT margin of 9.0 to 9.5 percent and € 27 million in investments

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2016/10/28 - Congratulations! Mitch Medford and his Zombie 222 Mustang on setting a new World Speed Record powered by Voltabox Li-Ion Battery System

  • Location: Texas Mile
  • Date: October 28, 2016
  • New World Record: 178mph
  • Next challenge: 200mph

2016/10/19 - 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

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2016/08/16 - paragon AG grows significantly faster than the market in the first six months thanks to electromobility

  • Consolidated revenue up by 9.4% to € 48.8 million (prior year: € 44.6 million).
  • With a contribution of € 4.5 million, electromobility subsidiary Voltabox now accounts for 9.3% of consolidated revenue (prior year: € 1.3 million with a 3.0% share of revenue)
  • EBITDA increases slightly to € 6.8 million (prior year: € 6.7 million).
  • EBIT margin of 7.2% (prior year: 8.6%)
  • Wachstumstreiber für die paragon AG
  • Revenue and earnings forecast for the current fiscal year confirmed

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2016/06/28 - paragon AG opens up new market segment for Voltabox subsidiary via strategic partnership with leading mining equipment and services provider

  • Exclusive strategic partnership with leading mining equipment and services provider Joy Global Inc.
  • Voltabox of Texas, Inc. to develop smart battery systems for various mining equipment
  • First deliveries of complex battery systems planned for fiscal year 2017
  • Global trend towards climate-friendly electromobility now top growth driver at paragon AG

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2015/12/03 - paragon forecasts further revenue and EBIT growth for 1016

  • Consolidated Group revenue to grow by around 8% and cross the € 100 million mark
  • EBIT margin of approx. 9% expected
  • Electromobility as key growth driver
  • lnternationalization: battery systems in the US and air quality in China
  • Highpoint of investment phase now passed
  • Further jump in revenue signaled for 2017

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2015/11/05 - paragon opens first plant in China

  • Opening ceremony with many politicians, local business Ieaders, and customers as guests
  • Launch of production at German lndustrial Park in Kunshan
  • Air Quality Sensor AQS first product to roll oft assembly lin
  • From 2016 battery systems also to be assembled for the Chinese market
  • Synergy effects from proprietary Iithium ion battery cells expected in future

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2015/08/20 - paragon Group with jump in revenue and earnings in first half of 2015

  • Half-year revenue rises year-on-year by 18.2% to € 44.6 million
  • EBIT margin more than doubles to 8.60/o
  • Substantial increase in operating cash flow to € 8.0 million (previous year: € 0.1 million)
  • Large-scale serial order worth € 72 million acquired for starter batteries
  • Impressive confirmation of revenue and earnings forecast for 2015

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