PRESS RELEASE : Voltabox to Focus on Industrial Business in Europe in the Future

DGAP-News: Voltabox AG / Key word(s): Strategic Company Decision/Alliance 
Voltabox to Focus on Industrial Business in Europe in the Future 
2021-07-08 / 19:30 
The issuer is solely responsible for the content of this announcement. 
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Voltabox to Focus on Industrial Business in Europe in the Future 
- Full orientation towards core market in Europe 
- Sales process initiated for loss-making US subsidiary 
- As a licensee of FSD technology, paragon will cover the automotive business 
- Noticeable recovery in business, especially in bus sector 
- Audit of 2020 financial statements completed - publication planned for July 20, 2021 
Delbrück, July 8, 2021 - Following the expected change of the anchor shareholder, Voltabox [ISIN DE000A2E4LE9] will 
fully focus on industrial applications in the European market in the future. The business with automotive customers 
will be transferred to paragon, currently still the majority shareholder of Voltabox AG. The automotive supplier is now 
the exclusive licensee of Voltabox's new flow-shape-design technology for cars, trucks and two-wheelers. The future 
geographical focus of Voltabox is on Europe; a sales process has been initiated for the loss-making US subsidiary. 
The concentration of market and product activities is accompanied by clear signals of a recovery in the Voltabox 
business. After the noticeable cutbacks as a result of the Corona crisis, the current call-off situation is developing 
positively, particularly in the bus market segment which is the most important one for Voltabox at the moment. A driver 
of this development is the conversion business of conventional diesel buses, for which Voltabox supplies high-voltage 
batteries to its cooperation partner e-troFit. Further orders from existing customers are being finalized. 
For the new Flow-Shape-Design (FSD) technology, which received a great reception in the industry following its first 
presentation last year, there has been achieved another groundbreaking sales success in addition to the commercially 
significant licensing to paragon GmbH & Co. KGaA. In the meantime, Voltabox has made significant technological progress 
in the field of lithium-ion-based automotive starter batteries. The company is currently receiving numerous inquiries - 
initial sample orders have already been won. In line with plans, paragon will increasingly provide comprehensive 
support for this process and focus on preparing the industrialization stage and production ramp-up. In parallel, 
paragon will also continue to develop FSD technology, from which Voltabox will benefit in the area of industrial 
applications, as contractually agreed. The automotive supplier will use the processes and customer access it has built 
up over decades to establish high-performance electromobility solutions in the automotive industry based on Voltabox 
FSD technology. 
Both Voltabox's concentration on industrial applications in the intralogistics, buses, construction and agricultural 
machinery, municipal vehicles and stationary power supply sectors as well as the future regional focus on Europe are to 
be seen as preparations for the expected change of the anchor shareholder. The Management Board has decided to 
discontinue the loss-making US business in order to ensure an unencumbered market presence for Voltabox AG. The process 
for the sale of Voltabox of North America, Inc. and its subsidiary Voltabox of Texas, Inc. has already been initiated. 
In view of the existing interest shown by various potential buyers, the Management Board assumes that the project will 
be completed before the end of the current fiscal year. The forecast will remain unchanged until the transaction has 
been realized. 
Due to extraordinary material expenses resulting from the use of discontinued technologies, Voltabox will report its 
EBITDA in its consolidated financial statements as of December 31, 2020 to be approximately EUR 16.1 million lower than 
communicated on April 27, 2021. This effect is due to the utilization of old cell technologies below book value in the 
second half of 2020. Initially, these expenses were reported as impairment losses and were therefore not included in 
the EBITDA. The originally expected EBITDA of EUR -8.1 million - now adjusted for these cost of materials - results in an 
unadjusted EBITDA of EUR -24.2 million. As already announced with the update of the financial calendar, the Company now 
plans to publish the full consolidated financial statements as part of the Annual Report 2020 on July 20, 2021. The 
audit process has been completed in the meantime. Publication of the interim report for the first quarter of 2021 is 
also scheduled for the same date. 
About Voltabox AG 
Voltabox AG (ISIN DE000A2E4LE9), listed on the Regulated Market (Prime Standard) of Deutsche Börse AG in Frankfurt 
a.M., is a high performance and technology driven provider of electromobility solutions for industrial applications. 
Its core business is safe, sophisticated and high-performance lithium-ion battery system, which are manufactured 
modularly and in series. The battery systems are primarily used in buses for local passenger transport, agricultural 
and construction machinery, and forklifts. 
Voltabox currently maintains production facilities at its corporate headquarters in Delbrück (Germany) and in Austin 
(Texas, USA). 
Additional information about Voltabox can be found at www.voltabox.ag/en. 
 
Contact 
Voltabox AG 
Stefan Westemeyer 
Artegastrasse 1 
33129 Delbrück, Germany 
Tel.: [phone] 
Fax: [phone] 
Email: [e-mail] 
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2021-07-08 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:      Voltabox AG 
              Artegastraße 1 
              33129 Delbrück 
              Germany 
Phone:        [phone] 
Fax:          [phone] 
E-mail:       [e-mail] 
Internet:     www.voltabox.ag 
ISIN:         DE000A2E4LE9 
WKN:          A2E4LE 
Listed:       Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, 
              Hamburg, Munich, Stuttgart, Tradegate Exchange 
EQS News ID:  1216969 
 
End of News   DGAP News Service 
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1216969 2021-07-08

 
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July 08, 2021 13:30 ET (17:30 GMT)