AKASOL AG announced that it has signed a strategically important framework agreement with a major bus and commercial vehicle manufacturer from Belgium with a total volume in the mid-double-digit million euro range. The Company will supply the second and third generation of its high-energy battery systems for the customer's new all-electric city bus starting in 2021 until 2026 and thus expand its customer portfolio. AKASOL will supply the second generation of AKASystem 15 OEM 50 PRC high-performance battery systems for the new electric bus to start with. Series manufacturing of the systems is expected to commence in the fourth quarter of 2021 at AKASOL's production facility in Langen, southern Hesse. The Belgian customer plans to equip its electric city buses with the new ultra-high energy battery systems from the Darmstadt-based manufacturer by 2022 at the latest. Through the successful and long-term cooperation with renowned customers from the commercial vehicle industry, AKASOL AG has already proven its far-reaching expertise and technological leadership in the field of electromobility in recent years, while at the same time having the respective capacities for the series production of high-performance Li-ion battery systems. With the commissioning of Gigafactory 1 at the new site in Darmstadt, the company will have 2.5 GWh of capacity available this year, which can be expanded to up to 5 GWh depending on customer requirements.