PRESS RELEASE : Manz AG receives official notification of funding of around 70 million euros from the BMWi and the Baden-Wuerttemberg Ministry of Economic Affairs

DGAP-News: Manz AG / Key word(s): Miscellaneous 
Manz AG receives official notification of funding of around 70 million euros from the BMWi and the Baden-Wuerttemberg 
Ministry of Economic Affairs (news with additional features) 
2021-04-27 / 15:07 
The issuer is solely responsible for the content of this announcement. 
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Manz AG receives official notification of funding of around 70 million euros from the BMWi and the Baden-Wuerttemberg 
Ministry of Economic Affairs 
 
  . Manz's "Lithium Battery Factory of the Future" project is funded as part of the European Commission's IPCEI 
    "EuBatIn" 
  . Manz Italy receives further EU funding in the mid double-digit million-euro range 
  . Total volume of funding for the Manz Group thus in the three-digit million-euro range 
Reutlingen, April 27, 2021 - Manz AG, a globally active high-tech engineering company with a comprehensive technology 
portfolio, today received official notification from the German Federal Ministry for Economic Affairs and Energy (BMWi) 
and the Baden-Wuerttemberg State Ministry of Economics for funding in the amount of approximately 70 million euros. The 
award is part of the Important Projects of Common European Interest ("IPCEI") to promote research and innovation in the 
battery value chain. A total of eleven German companies will receive subsidies for their projects, with Manz AG playing 
a central role as a mechanical engineering company. With the project known as "European Battery Innovation (EuBatIn)", 
twelve EU member states will provide a total of up to 2.9 billion euros in funding for companies in the respective 
countries in the coming years. Manz Italy will also receive funding in the mid-double-digit million-euro range. 
The "European Battery Innovation" is an ambitious project with the aim of developing new technologies and processes 
that go far beyond the current state of the art and will enable major improvements in terms of performance, safety and 
environmental protection. The project covers the entire battery value chain, from the extraction of raw materials, 
through the development and production of battery cells and modules, to recycling and disposal in a circular economy. 
In this way, the project contributes to strengthening an industry that is of strategic importance for the future of 
Europe, especially regarding clean and low-emission mobility. 
Martin Drasch, CEO of Manz AG, comments: "The official awarding of the EuBatIn grants is an immense opportunity for 
Europe, Germany and Manz AG. Business and politics are now in the unique position to build a competitive battery 
industry in Europe. Thanks to our overarching expertise in numerous relevant areas, Manz AG acts as an important link 
in the European battery market. Manz is one of the few European engineering companies that already has extensive 
experience in the entire value chain of lithium-ion battery production. With our 'Lithium Battery Factory of the 
Future' project, we intend to develop highly efficient machines and processes for the fully automated production of 
next-generation lithium-ion batteries. Accordingly, we are also proud that we will play an important role in the 
further development of this key industry in Europe." 
In order to be able to make an effective contribution to the establishment of a sustainable and competitive battery 
industry in Europe, Manz AG will receive funding of around 70 million euros for developing projects at its Reutlingen 
location over the next six years. Funding in the mid-double-digit million-euro range has also been granted for the 
location in Italy. Of the expected market potential of several billion euros in the field of cell assembly, a 
significant part is to be covered by the European mechanical engineering industry in the future. To achieve this goal, 
on the one hand, process costs will be reduced through innovative processes and the use of Industry 4.0 technologies. 
On the other hand, high productivity and energy efficiency as well as optimized material and space requirements will 
significantly increase the sustainability of battery production. To enable the production of variants and multiple 
formats at low cost, the battery production of the future will also be modular and flexible. 
Manz will use its good starting position to strengthen the competitiveness of European machinery and equipment 
suppliers in cooperation with its European partners from the IPCEI network, and to secure a significant market share in 
the future segment of the battery industry. 
Parliamentary State Secretary at the Federal Ministry for Economic Affairs and Energy, Thomas Bareiß: "With the battery 
IPCEIs, the battery value chain in Europe continues to take shape. This is not only about cell production, but also 
about components such as battery housings or the production equipment for batteries. With its IPCEI project 'Lithium 
Battery Factory of the Future', Manz AG intends to develop highly efficient machines and processes for the fully 
automated production of generation 3 and 4 lithium-ion batteries. A project like this makes us proud: The company is 
opening the doors to new business fields - this secures value creation and employment at the location, especially in 
times of technological change." 
Dr. Nicole Hoffmeister-Kraut, Minister of Economic Affairs of the State of Baden-Wuerttemberg: "Battery technology is 
an important key technology for the future that will be indispensable in all areas of industrial value creation. It is 
our goal to meet around 30 percent of the global demand for battery cells from German and European production by 2030. 
Baden-Wuerttemberg should also take a leading position in this field and an important key position along the entire 
value chain. Manz's IPCEI project brings us a big step closer to this goal." 
Company Profile: 
Manz AG - passion for efficiency 
Founded in 1987, Manz AG is a global high-tech equipment manufacturing company. Its business activities comprise the 
areas of Solar, Electronics, Energy Storage, Contract Manufacturing and Service. 
With many years of expertise in automation, laser processing, vision and metrology, wet chemistry and roll-to-roll 
processes, the company offers manufacturers and their suppliers innovative production solutions in the areas of 
photovoltaics, electronics, and lithium-ion battery technology. The company's product portfolio includes both 
customer-specific developments and standardized single machines and modules, which can be linked to create complete 
custom systems. Manz AG offers high-quality, needs-based solutions that can be integrated early into customer projects 
to contribute significantly to customer success. 
The company, listed on the stock exchange in Germany since 2006, develops and produces in Germany, Slovakia, Hungary, 
Italy, China and Taiwan. It also has sales and service branches in the USA and India. Manz AG currently employs roughly 
1,400 workers worldwide, around half of whom work in the Asia region, which is key to the company's target industries. 
Manz Group revenue in the 2020 financial year totaled around 237 million euros. 
 
Contact 
Manz AG 
Axel Bartmann 
Phone: [phone] 
Fax: [phone] - 9000-99 
Email: [e-mail] 
cometis AG 
Claudius Krause 
Phone: +49 (0)611 - 205855-28 
Fax: +49 (0)611 - 205855-66 
Email: [e-mail] 
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Additional features: 
File: Dr. Nicole Hoffmeister-Kraut, Minister of Economic Affairs of the State of Baden-Wuerttemberg, Martin Drasch, CEO 
of Manz AG and Thomas Bareiß, Parliamentary State Secretary at the Federal Ministry for Economic Affairs and Energy. 
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2021-04-27 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 
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Language:     English 
Company:      Manz AG 
              Steigäckerstr. 5 
              72768 Reutlingen 
              Germany 
Phone:        [phone] 
Fax:          [phone] 
E-mail:       [e-mail] 
Internet:     http://www.manz.com 
ISIN:         DE000A0JQ5U3 
WKN:          A0JQ5U 
Listed:       Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, 
              Munich, Stuttgart, Tradegate Exchange 
EQS News ID:  1188548 
 
End of News   DGAP News Service 
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1188548 2021-04-27

 
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(END) Dow Jones Newswires

April 27, 2021 09:09 ET (13:09 GMT)