07-06-2018 | Financial news | Press releases | Corporate & Ad-hoc news

Another Milestone for paragon AG – Major Order From Geely Auto Group for New DUSTDETECT® Particle Sensors

Delbrück, Germany, June 7, 2018 – Today, paragon AG [ISIN DE0005558696] announced its receipt of a major order from the leading Chinese automobile and motorcycle manufacturer Geely Auto Group. The project duration will last for over seven years and will include the delivery of several million DUSTDETECT® particle sensors.

  • Geely has chosen paragon to supply particle sensors over a period of 7 years

  • Production of the sensors to begin at the Chinese factory in the second half of 2020

  • Initial order volume amounts to around € 26 million

  • Expected follow-up projects with other Geely platforms would lead to a doubling of the project scope from around 2021