VARTA AG, DE000A0TGJ55

VARTA AG, DE000A0TGJ55

10.10.2018 - 17:40:52

VARTA AG: VARTA AG Lithium-ion Batteries Remain in High Demand

Corporate News Ellwangen, October 10, 2018  VARTA AG Lithium-ion Batteries Remain in High Demand

Production increase for small lithium-ion batteries on schedule   VARTA AG is also open to discussions on producing large battery cells     VARTA AG, globally active expert for microbatteries with a market-leading position in hearing-aid batteries and solutions for hearables, wearables, power packs and energy storage, confirms the continuing strong demand for small lithium-ion batteries. The growing market for wireless headsets continues to generate high interest in VARTA's CoinPower brand of lithium-ion batteries.   The expansion of the main production facility in Ellwangen is on schedule, and production of small lithium-ion batteries has commenced at the company's Nördlingen site.   "On account of the ongoing trend towards ever smaller wireless headsets equipped with more and more features, lithium-ion batteries require a greater energy density. That's generating even more momentum for us," explains Herbert Schein, CEO of VARTA AG.   VARTA AG possesses enormous know-how in lithium-ion battery technology, and is thus an attractive partner for research and production technology aimed at large-format cells. In this connection, the enterprise is also studying other application areas that require large lithium batteries. VARTA AG remains in intensive discussions with the relevant market actors, as a framework comprising multiple partners offers the best prospects for success in a project of this type.              Contact: Corinna Hilss Pressesprecherin Daimlerstrasse 1 73479 Ellwangen +49 7961 921-221 Kontakt: Bernhard Wolf   Investor Relations Daimlerstrasse 1 73479 Ellwangen +49 7961 921-969  

10.10.2018 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: VARTA AG Daimlerstraße 1 73479 Ellwangen

Germany Phone: +49 (0)791-921-0 E-mail: info@varta-ag.com Internet: www.varta-ag.com ISIN: DE000A0TGJ55 WKN: A0TGJ5 Listed: Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich, Stuttgart, Tradegate Exchange   End of News DGAP News Service

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