paragon GmbH & Co. KGaA, DE0005558696

paragon GmbH & Co. KGaA, DE0005558696

22.11.2021 - 07:03:44

paragon Confirms Q3 Figures - Clear Focus on Fast-Growing Automotive Business

The recently completed sale of the stake in Voltabox AG provided a considerable boost to the liquidity of paragon GmbH & Co. KGaA; paragon will now focus exclusively on its automotive business. The Power operating segment will be expanded through the takeover and integration of Voltabox AG's automotive business and the usage of the Flow-Shape Design technology. ?

About paragon GmbH & Co. KGaA paragon GmbH & Co. KGaA (ISIN DE0005558696), which is listed in the regulated market (Prime Standard) of the Frankfurt Stock Exchange, develops, produces and distributes forward-looking solutions in the field of automotive electronics, body kinematics and e-mobility. As a market-leading direct supplier to the automotive industry, the company's portfolio includes the Electronics operating segment's innovative air-quality management, state-of-the-art display systems and connectivity solutions, and high-end acoustic systems. In the Mechanics operating segment, paragon develops and produces active mobile aerodynamic systems. With Voltabox AG (ISIN DE000A2E4LE9), a subsidiary that is also listed on the regulated market (Prime Standard) of the Frankfurt Stock Exchange, the Group is also active in the Electromobility operating segment with its cutting-edge lithium-ion battery systems developed in-house. In the rapidly growing automotive market for battery systems and power electronics, paragon now acts independently after the sale of the Voltabox share.

In addition to the company headquarters in Delbr?ck (North Rhine-Westphalia, Germany), paragon GmbH & Co. KGaA and its subsidiaries operate sites in Suhl (Thuringia, Germany), Landsberg am Lech and Nuremberg (Bavaria, Germany), St. Georgen (Baden-W?rttemberg, Germany), Limbach (Saarland, Germany), Aachen (North Rhine-Westphalia, Germany) as well as in Kunshan (China), Bangalore (India) and Oroslavje (Croatia).

Additional information about paragon can be found at www.paragon.ag.

Capital Market & Press Contactparagon GmbH & Co. KGaA Dr. Martin Esser B?sendamm 11 33129 Delbr?ck, Germany Phone: +49 (0) 52 50 - 97 62-200 Fax: +49 (0) 52 50 - 97 62-102 Email: investor@paragon.ag

22.11.2021 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: paragon GmbH & Co. KGaA B?sendamm 11 33129 Delbr?ck

Germany Phone: +49 (0)5250 97 62 - 0 Fax: +49 (0)5250 97 62 - 60 E-mail: investor@paragon.ag Internet: www.paragon.ag ISIN: DE0005558696, DE000A2GSB86, WKN: 555869, A2GSB8, Listed: Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich, Stuttgart, Tradegate Exchange EQS News ID: 1250798 ? End of News DGAP News Service

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