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2018/11/14 - Voltabox withdraws from purchase of Navitas

  • Expected approval by US CFIUS Committee not yet received
  • Forecast for full year remains unchanged

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2018/11/13 - Voltabox Doubles Revenue in First Nine Months of the Year With Increasing Profitability – Forecast for the Year as a Whole Confirmed

  • Group sales double to € 33.5 million
  • Increasing market penetration in intralogistics results in high level of utilization
  • EBITDA grows from € -0.3 million in the prior year to € 4.9 million
  • EBIT increases to € 2.3 million; EBIT margin improves considerably to 7.0 percent
  • Number of employees doubles to 193 in the first nine months of the year
  • Forecast for 2018 confirmed: revenue of € 65–70 million with an EBIT margin of about 7 percent

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2018/10/16 - Voltabox Approves Two-part Execution of Navitas Acquisition

  • Commercial business activities that focus on intralogistics will be acquired soon
  • Public sector business activities will be acquired in a second phase
  • Commercial business is expected to make up 80 percent of the total purchase price
  • In connection with the proposed contract amendment, the total purchase price will be reduced to the equivalent of about € 35.7 million (US$ 41.5 million)

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2018/09/20 - Voltabox Acquires ACCURATE, the Leading Manufacturer of Battery Systems for Pedelecs

  • Voltabox acquires all shares in ACCURATE Smart Battery Systems GmbH for a purchase price of € 5 million
  • Implementation of entry into select mass markets for battery systems, as announced during the IPO
  • ACCURATE primarily manufactures battery systems for pedelecs (pedal electric cycles) – production for many further fields of application possible in the future
  • Strengthening of the Voltaforce operating segment and concentration of segment activities on the new site in the Stuttgart region

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2018/09/13 - Voltabox Presents New Applications for Electric Commercial Vehicles at the IAA in Hanover, Germany

  • The Voltabox product portfolio is rapidly penetrating the booming commercial vehicles market – premiere of an electric pump unit for milk collection technology of the Schwarte Group
  • Electronic wheel loader from Schäffer for use in the agriculture and farming on display at the Voltabox booth
  • Lithium-ion starter battery is ready for use in commercial vehicles
  • Presentation of a lithium-ion battery module based on pouch cells
  • Press conference on September 20, at 11.15 a.m. at the Voltabox booth

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2018/08/21 - In the first half of the year Voltabox expands growth base and raises its revenue forecast for the full year

  • Group sales up 71 percent to € 18.1 million (prior year: € 10.6 million)
  • EBITDA grows from € 0.2 million in the prior year to € 1.7 million
  • EBIT increases to € 0.1 million (prior year: € -0.7 million), EBIT margin improves significantly to 0.6 percent (prior year: -7.1 percent)
  • Continued high equity ratio of 91.5 percent (December 31, 2017: 90.8 percent)
  • Number of employees increased by 45 in the first half of the year to 144
  • Forecast for 2018 updated as a result of the acquisition of Navitas Systems and the restructuring of the agreement with Triathlon: Revenue of € 65–70 million with an EBIT margin of about 7 percent

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2018/06/29 - Voltabox is to take over the North American market leader for lithium-ion battery systems in the intralogistics segment and to enter into the production of battery cells

  • Purchase of a 100 percent stake in Navitas Systems for US$ 43 million resolved
  • Major step on the path to becoming the world market leader for lithium-ion battery systems in intralogistics
  • Access to broad customer base, including many Fortune 500 companies
  • Navitas utilizes a fully automated system from the German manufacturer MANZ for the production of highly specialized lithium battery cells
  • Navitas’ Research & Development group is at the forefront of several advanced lithium and “beyond-lithium” battery developments
  • In the future, Voltabox is able to cover every stage of the e-mobility value chain, from cells to electrical drives
  • This acquisition is still subject to the approval of the American authorities

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2018/06/19 - Voltabox Initiates New Market Strategy in Intralogistics – First Distributors and End Customers Acquired After Entrance Into Direct Sales

  • Direct market access of intralogistics applications as additional sales channel for Voltabox
  • Voltabox’s established cooperation with Triathlon Batterien to continue
  • Accelerated expansion of competitive position in lithium-ion battery systems for intralogistics applications
  • Partnership with high-profile industrial truck distributor is first success of own sales activities

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2018/05/08 - Voltabox Successfully Completes First Quarter and Confirms Forecast for 2018

  • Group sales up 22.6 percent to € 5.1 million (prior year: € 4.1 million)
  • EBIT margin improves significantly to -15.2 percent (prior year: -28.0 percent)
  • Continued high equity ratio of 91.7 percent (December 31, 2017: 90.8 percent)
  • Cash and cash equivalents amounting to € 91.1 million are available for further acquisitions and growth investments (December 31, 2017: € 102.7 million)
  • Forecast for 2018 confirmed: further revenue growth of around 120 percent to around € 60 million, with an EBIT margin of around 10 percent

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2018/05/03 - Voltabox receives first order for new LTO high-performance battery system in the USA

  • Voltabox equipping smart trolleybus fleet of Greater Dayton Regional Transit Authority in Dayton (Ohio)
  • Joint testing in a three-year pilot phase has proven the significant technological advantages
  • Voltabox will initially supply 26 LTO battery systems, with a total order volume of 75 systems
  • Project revenue in the mid-single-digit million range
  • Initial deliveries planned for the current fiscal year

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2018/04/04 - Voltabox takes first step of M&A growth strategy with acquisition of engineering services provider Concurrent Design

  • Complete acquisition of the U.S. engineering services provider Concurrent Design, Inc. with more than 20 highly skilled employees
  • The acquisition significantly increases development capacities and supports Voltabox’s dynamic growth strategy in the North American market
  • The takeover represents the first step of the clear M&A growth strategy; further acquisitions are being planned

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2018/03/13 - Voltabox experiences impressive growth in the year of its IPO and achieves profitability as announced

  • Group sales up 88.2 percent to € 27.3 million (prior year: € 14.5 million)
  • Growth driven by battery systems for intralogistics, first revenues from starter batteries in Voltaforce operating segment
  • EBIT above expectations at € 0.6 million (prior year: € -3.7 million)
  • Equity ratio increased to 90.8 percent as of the reporting date (December 31, 2016: 14.0 percent)
  • Forecast for 2018: Further increase in sales to around € 60 million, with an EBIT margin of around 10.0 percent

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2018/01/29 - Voltabox Aims to More Than Double Its Revenue in 2018

  • Revenue and earnings targets for 2017 achieved according to preliminary figures
  • Group sales increased by around 90 percent to € 27 million in 2017 (prior year: € 14.5 million)
  • Slightly positive operating result for the year as a whole confirmed
  • Revenue increase of approximately 120 percent to about € 60 million planned for the current year
  • Planned EBIT margin of around 10 percent
  • Cumulative order backlog through 2022 exceeds one-billion-euro mark

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2017/12/18 - Voltabox recieves large order to equip trolley buses

  • Kiepe Electric orders another 20 lithium-ion battery systems
  • Used in modern double articulated E-buses in Linz, Austria
  • First deliveries in early 2018 already

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2017/12/06 - SolarCar from Bochum University of Applied Sciences Wins Second Place in World Solar Challenge With High-performance Voltabox Battery

  • High-performance battery provides 600 km range without solar cells
  • Bochum University of Applied Sciences’ cutting-edge electric vehicle takes second place
    at the World Solar Challenge
  • 3,000 km race in Australia
  • Achieved fastest lap in qualifying round at the Hidden Valley race track in Australia

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2017/11/22 - Voltabox and Schäffer: Two Strong Partners for Emobility in Agriculture and Construction

  • Voltabox AG and Schäffer Maschinenfabrik GmbH agree on close cooperation
  • Schäffer is a leading provider of compact loaders, wheel loaders and teleloaders
  • First series production order for new Voltabox market segment agriculture and construction
  • Voltabox AG develops intelligent battery systems for various types of vehicles 
  • World premiere at Agritechnica 2017 in Hanover 

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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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