paragon to Use FSD Technology From Voltabox in Automotive Segment
Delbrück, March 24, 2021 – paragon [ISIN DE0005558696] is now planning to enter the electromobility market even with its Automotive business. With the help of the new Flow-Shape-Design (FSD) technology from its subsidiary Voltabox, a variety of lithium-ion battery systems are set to be offered for the automotive market. paragon is planning to license the FSD technology and thus help Voltabox achieve a breakthrough. This will create significant synergies between paragon and Voltabox for the first time. Until now, Voltabox has mainly marketed its battery systems for industrial uses and buses.
Comprehensive cooperation with an industrial battery manufacturer being reviewed as part of the partial sale of Voltabox