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AKASOL AG, DE000A2JNWZ9

AKASOL AG, DE000A2JNWZ9

11.09.2019 - 19:10:30

AKASOL AG: AKASOL receives another long-term order from one of the world's leading commercial vehicle manufacturers

Disclosure of insider information according to Article 17 MAR of Regulation (EU) No 596/2014

AKASOL receives another long-term order from one of the world's leading commercial vehicle manufacturers

Darmstadt, September 11, 2019 - AKASOL AG ("AKASOL"; the "Company"; ISIN DE000A2JNWZ9), a leading German manufacturer of high-performance lithium-ion battery systems, received a large follow-up order from its long-term major customer, one of the world's leading commercial vehicle manufacturers, with a total volume in the high three-digit million-euro range. From 2021 until the end of 2027 the Company will supply the third generation of high energy battery systems for various electric commercial vehicles of the globally operating customer. The total order backlog of AKASOL AG increases to approx. EUR 2 billion by 2027 and safeguards the dynamic growth within the upcoming years. Due to the significant increase of the order backlog resulting from the most recent order for the new system generation, the Company prepares for possible shifts in the execution of existing serial projects and thus is currently conducting a detailed analysis of the short-term targets for 2019.

< End of the ad-hoc announcement >

Contact:

AKASOL AG Isabel Heinen Phone: +49 (0) 6151 800500-193 Email: isabel.heinen@akasol.com

11-Sep-2019 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.dgap.de

Language: English Company: AKASOL AG Landwehrstrasse 55 64293 Darmstadt

Germany Phone: +49 6151/800 500 E-mail: info@akasol.com Internet: www.akasol.com ISIN: DE000A2JNWZ9 WKN: A2JNWZ Listed: Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Munich, Stuttgart, Tradegate Exchange EQS News ID: 872221   End of Announcement DGAP News Service

872221  11-Sep-2019 CET/CEST

@ dgap.de