paragon Subsidiary Voltabox Receives New Major Order for Lithium-Ion Battery Modules

  • Major client issues order for total energy content of 10 megawatt hours (MWh)
  • Traction batteries based on proven lithium-nickel-manganese-cobalt-oxide technology (NMC)
  • Production on new, highly automated assembly line at Delbrück site
  • Delivery in current fiscal year

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paragon AG once again grows faster than the market in 2016 and targets further acceleration

  • Consolidated revenue breaks € 100 million mark at € 103 million
  • Electromobility revenue doubles to nearly € 14 million
  • EBITDA leaps to € 16 million; EBIT margin rises to 9 percent
  • Equity ratio at 30 percent due to capital increase (prior year: 21 percent)
  • Forecast for 2017: Revenue of € 120 to 125 million – with an EBIT margin of 9.0 to 9.5 percent and € 27 million in investments

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Congratulations! Mitch Medford and his Zombie 222 Mustang on setting a new World Speed Record powered by Voltabox Li-Ion Battery System

  • Location: Texas Mile
  • Date: October 28, 2016
  • New World Record: 178mph
  • Next challenge: 200mph

paragon AG Supports KUKA with Voltabox Batteries for Automated Guided Vehicles

  • paragon subsidiary Voltabox GmbH and KUKA Roboter GmbH agree on long-term framework agreement
  • Use of products possible in several areas (e.g. automotive industry)
  • Voltabox to deliver first 96V batteries in the first quarter of 2017

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paragon AG grows significantly faster than the market in the first six months thanks to electromobility

  • Consolidated revenue up by 9.4% to € 48.8 million (prior year: € 44.6 million).
  • With a contribution of € 4.5 million, electromobility subsidiary Voltabox now accounts for 9.3% of consolidated revenue (prior year: € 1.3 million with a 3.0% share of revenue)
  • EBITDA increases slightly to € 6.8 million (prior year: € 6.7 million).
  • EBIT margin of 7.2% (prior year: 8.6%)
  • Revenue and earnings forecast for the current fiscal year confirmed

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paragon AG opens up new market segment for Voltabox subsidiary via strategic partnership with leading mining equipment and services provider

  • Exclusive strategic partnership with leading mining equipment and services provider Joy Global Inc.
  • Voltabox of Texas, Inc. to develop smart battery systems for various mining equipment
  • First deliveries of complex battery systems planned for fiscal year 2017
  • Global trend towards climate-friendly electromobility now top growth driver at paragon AG

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paragon forecasts further revenue and EBIT growth for 1016

  • Consolidated Group revenue to grow by around 8% and cross the € 100 million mark
  • EBIT margin of approx. 90/o expected
  • Electromobility as key growth driver
  • lnternationalization: battery systems in the US and air quality in China
  • Highpoint of investment phase now passed
  • Further jump in revenue signaled for 2017

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paragon opens first plant in China

  • Opening ceremony with many politicians, local business Ieaders, and customers as guests
  • Launch of production at German lndustrial Park in Kunshan
  • Air Quality Sensor AQS first product to roll oft assembly line
  • From 2016 battery systems also to be assembled for the Chinese market
  • Synergy effects from proprietary Iithium ion battery cells expected in future

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paragon Group with jump in revenue and earnings in first half of 2015

  • Half-year revenue rises year-on-year by 18.2% to € 44.6 million
  • EBIT margin more than doubles to 8.60/o
  • Substantial increase in operating cash flow to € 8.0 million (previous year: € 0.1 million)
  • Large-scale serial order worth € 72 million acquired for starter batteries
  • Impressive confirmation of revenue and earnings forecast for 2015 

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Voltabox, a paragon subsidiary, showcases cuttingedge battery solutions for commercial vehicles at the IAA in Hanover

  • Secure, high-performance battery systems for public transportation and mining
  • Specialist battery solutions for forklift trucks and automated guided vehicles
  • State-of-the-art starter batteries for all vehicle types

Delbrück, September 22, 2016 – Via its subsidiary Voltabox, paragon AG [ISIN: DE0005558696] once again has its own stand at this year’s IAA Commercial Vehicles in Hanover.

Guided by its slogan of “Driven by ideas,” the 66th IAA Commercial Vehicles – the world’s most important trade show for transport, logistics and mobility – is being held in Hanover from September 22–29, 2016. One of this year’s areas of focus is enhanced safety on the basis of electronics and sensor technology.

The Voltabox team is presenting its range of products and services – which has now been considerably expanded – for the third time and can be found on their own stand (E10) in hall 13. The paragon AG Electromobility division, which was set up in 2011, is represented by two wholly owned subsidiaries: Voltabox GmbH based in Delbrück (Westphalia) and Voltabox of Texas, Inc. in Austin, Texas (USA). The exceptionally safe, intelligent and powerful lithium-ion battery systems made by Voltabox are distributed around the world thanks to strategic agreements with global partners such as Joy Global, Inc., Triathlon Batterien GmbH and Vossloh Kiepe GmbH.

While the market for electromobility in commercial vehicles is still young, demand is growing all the time. The share of consolidated revenue at paragon AG attributable to this division, for example, increased threefold year-on-year in the first half of 2016. With a core team that currently comprises more than 60 specialist developers, constructors, testing engineers and production experts in Delbrück and Austin, the division can draw on the long-established group experience of paragon AG in the development and industrial series production of electronic component groups for the automotive industry, such as sensors and control devices. The early decision to systematically gear the Electromobility division to the complex requirements of commercial vehicles has made the company one of the world’s
leading suppliers in the market niches concerned in a short space of time. With a lifetime order backlog of more than € 500 million, Voltabox already accounts for 46% of the cumulative orders on the books of the paragon Group.

More information is available at

Company Profile

Listed in the regulated market (Prime Standard) of Deutsche Börse AG in Frankfurt am Main, paragon AG (ISIN DE0005558696) develops, produces, and sells innovative automotive electronics solutions. The portfolio of this direct supplier to the automotive industry includes products in the business segments of Sensors, Acoustics, Cockpit, E-mobility and Body Kinematics. In addition to its headquarters in Delbrück (North Rhine-Westphalia), paragon AG and its subsidiaries have locations in Suhl (Thuringia), Nuremberg (Bavaria), St. Georgen (Baden-Württemberg), and Bexbach (Saarland), as well as in Kunshan (China) and Austin (Texas, USA).

Corporate Contact Information:

paragon AG
Artegastraße 1
33129 Delbrück, Germany
Phone: +49 (0) 52 50 - 97 62-0
Fax: +49 (0) 52 50 - 97 62-60
E-mail: info(at)

Voltabox GmbH

Artegastraße 1
33129 Delbrück, Germany
Phone: +49 (0) 52 50 - 99 30-900
Fax: +49 (0) 52 50 - 99 30-901
E-mail: info(at)

An Explosion of World Premieres at IAA 2015

paragon AG and its subsidiary Voltabox Deutschland GmbH use the new Scalo and Karo models presented by independent vehicle manufacturer Artega at IAA 2015 to make it possible to experience innovation. paragon and Voltabox present many global novelties in both technology carriers, to be gradually transferred to the large series.

paragon has supplied all renowned car manufacturers with systems from the areas of sensors, acoustics, cockpit, and body kinematics for many years, under the motto of "Premium for the car". Under the "Voltabox" brand, paragon has already become internationally established as a supplier of lithium ion battery packs. It is now expanding its product range in the area of electromobility by highly efficient electric motors and high-performance electronics.

The earlier Artega GT already acted as a business card of paragon for presentation of new developments for operation and infotainment since 2007. The importance of Artega Scalo and Artega Karo as learning vehicles continues. The second generation of the Artega vehicles serves as a proof of competence of the clearly increased abilities of paragon and Voltabox.

In these two vehicles, paragon and Voltabox offer a number of new products that are unprecedented in this form. These innovations are first presented in the Artega Scalo and the Artega Karo, but focus on the later global use among premium manufacturers.

Complete press kit IAA 2015, PDF (6 pages)

First large-scale serial order for starter batteries

The paragon subsidiary Voltabox Deutschland GmbH has received its first large-scale order from a well-known German carmaker for starter batteries in conventionally powered vehicles.

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