04-04-2022 | Corporate & Ad-hoc news | Financial news | Press releases

paragon wins another record contract - OEM orders anti-virus filters worth EUR 45 million

Delbrück, April 04, 2022 – Starting in 2025, one of the leading international automotive groups will install the electric anti-virus filter DUSTPROTECT developed by paragon GmbH & CO. KGaA [ISIN DE0005558696] in large numbers further vehicle platforms in China and Germany. The innovative product will be used by the long-standing paragon customer in a vehicle in China as early as 2025.

  • OEM order for DUSTPROTECT exceeds the largest contract in the company's history to date from January for a novel AI infotainment system.

  • CEO Frers: "These two most recent major orders prove our superior technology and show that our customers are convinced of paragon's sustainable growth path."

  • 2026 total sales now seen at upper end of EUR 250 - 300 million target range