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Delignit AG, DE000A0MZ4B0

Delignit AG, DE000A0MZ4B0

05.11.2019 - 07:02:44

Delignit AG: Delignit AG obtains serial order for new electric van

Delignit AG obtains serial order for new electric van

- Revenue potential of more than EUR 15 million over entire term

- Serial supply from 2022 with a term of 10 years

Blomberg, 05 November 2019. Delignit AG (ISIN DE000A0MZ4B0), leading manufacturer of ecological, hardwood-based products and system solutions, has acquired a serial supply contract in the electric mobility sector. Delignit AG secured the scope of supply for a system floor for the commercial vehicle variants of a newly launched, purely electrically powered vehicle type. The serial supply deal for a renowned European automotive manufacturer is due for delivery in 2022 and set for a term of 10 years.

The system floor solution to be supplied is based on a composite design in which hard-wearing outer materials based on renewable raw materials are combined with a lightweight honeycomb as a base. The construction offers a highly durable surface for use while saving a significant amount of weight. The potential revenue from the order is greater than EUR 15 million if the OEM customers' non-binding quantity plans underlying the order are actually called.

Marcus Büscher, CEO of Delignit AG, is delighted: "This order is yet another confirmation of our ability to respond to new developments on the market with innovative, ecologically sustainable system solutions."

About the Delignit Group:

The Delignit Group develops, produces and sells ecological materials and system solutions made of renewable raw materials under the brand name Delignit. As a recognised development, project and serial supplier of leading automotive groups, the Delignit Group is, among other things, world market leader for supplying the automotive industry with cargo bay protection and cargo securing systems for light commercial vehicles. With a variety of applications and a vertical integration that are unique in its industry, the Delignit Group serves numerous other technology sectors, for example as a worldwide system supplier of reputable rail stock manufacturers. Delignit solutions have exceptional technical properties and are also used, among other things, as trunk floors in passenger cars, interior equipment for motor caravans and special floors for factory and logistics buildings and to improve building security standards.

Delignit material is predominantly based on European hardwood, is CO2 neutral in its life cycle and therefore ecologically superior to non-regenerative materials. The use of the Delignit material therefore improves the environmental performance of customer products and meets their increasing ecological requirements. The company was founded over 200 years ago. Delignit AG is listed in the Scale segment of the Frankfurt Stock Exchange.

Further information is available online at www.delignit.com.

Contact: Delignit AG Königswinkel 2-6 32825 Blomberg Germany Tel. +49 5235 966-156 Fax +49 5235 966-351 E-mail: ir@delignit.com

05.11.2019 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.The issuer is solely responsible for the content of this announcement.The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.dgap.de

Language: English Company: Delignit AG Königswinkel 2-6 32825 Blomberg

Germany Phone: +49 (0)5235 / 966-0 Fax: +49 (0)5235 / 966-105 E-mail: info@delignit.de Internet: http://www.delignit.de ISIN: DE000A0MZ4B0 WKN: A0MZ4B Listed: Regulated Unofficial Market in Berlin, Dusseldorf, Frankfurt (Scale), Hamburg, Stuttgart, Tradegate Exchange EQS News ID: 903777   End of News DGAP News Service

903777  05.11.2019 

@ dgap.de