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