+++ Pressemitteilung / Press Information +++

paragon expands into the Asian market

• Sales office opens in Shanghai
• Greater exploitation of opportunities for paragon products
• Local production possible from 2013/2014
Delbrück, May 16, 2012 - paragon AG aims to expand into Asia with its successful products by opening a sales office in Shanghai. Establishing a local presence will enable paragon, a listed tier 1 supplier to the automotive
industry, to better exploit the opportunities presented by the emerging markets of Asia, first and foremost China.
"Our contact with the region so far has shown us that there is demand in Asia for products that improve air quality inside vehicles", says CEO Klaus Dieter Frers, who believes the chances for becoming established in the Chinese market are favorable. "Products that help to protect people's health are popular in view of the high levels of air pollution to be found, especially in large cities."
paragon's first employee in Shanghai is Lingjia Gardner. She has previously worked for paragon's customer VW in Wolfsburg and, most recently, for a German automotive supplier in Shanghai. Ms Gardner is a German national of Chinese origin. She has an immediately likeable persona and speaks not only Chinese and English but also very good German. Further employees will soon
be joining her in the sales office.

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"Having conducted an in-depth analysis, we are now developing our specific strategy for Asia and will present it by the autumn of this year", reports Gardner. "Later we will decide whether to also establish local production facilities, which would be ready in
2013/2014."

Portrait

paragon AG has steadily grown to become one of the best-known suppliers to the automotive industry since its founding in 1988 in the Westphalian town of Delbrück. Listed on the stock exchange since 2000, paragon uses innovative solutions that not only improve communication but also make the driving experience healthier, more comfortable, and more efficient. Every worker at paragon is passionate about automobiles. Every day they strive to be inventive, better and unique in all they do. Their dedication goes far beyond sensors and solutions for automotive interiors, however. Increasingly, paragon has been embracing more sophisticated systems such as electric vehicles and kinematics.

Contact

paragon AG

Schwalbenweg 29

33129 Delbrück

Tel.: +49 (0) 52 50 - 97 62-0

Fax: +49 (0) 52 50 - 97 62-60

Internet: www.paragon.ag

Email: i nfo@paragon.ag

Press officer

Matthias Hack

Tel.: +49 (0) 52 50 - 97 62-141

Mobile: +49 (0) 162 1010724

Fax: +49 (0) 52 50 - 97 62-60

Email: matthias.hack@paragon.ag

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