Microsoft Word - 150721_PM Texas Eröffnung_eng.docx +++ Press release +++

Grand opening in Texas: Numerous VIPs attend opening of

new plant at paragon's Voltabox subsidiary

• S p e c t a c u l a r n e w b u i l d i n g d i r e c t l y n e x t t o f r e e w a y

• G u e s t s i n c l u d e n u m e r o u s p o l i t i c i a n s , l o c a l b u s i n e s s l e a d e r s a n d c u s t o m e r s

• L a u n c h o f f u l l y a u t o m a t e d a s s e m b l y l i n e f o r b a t t e r y p a c k s

• S t r a t e g i c p a r t n e r s f r o m G e r m a n y a l s o o n b o a r d

D e l b r ü c k , J u l y 2 1 , 2 0 1 5 - V o l t a b o x o f T e x a s , I n c . , t h e U S s u b s i d i a r y o f p a r a g o n A G , y e s t e r d a y c e l e b r a t e d t h e o f f i c i a l o p e n i n g o f i t s n e w p l a n t i n L e a n d e r n e a r A u s t i n ( T e x a s , U S A ) t o g e t h e r w i t h n u m e r o u s g u e s t s . T h r o u g h t o c o m p l e t i o n o f t h i s s p e c t a c u l a r n e w b u i l d i n g , V o l t a b o x h a d s i n c e S e p t e m b e r 2 0 1 4 t e m p o r a r i l y m a n u f a c t u r e d i t s p r o d u c t s i n l e a s e d p r e m i s e s . O n a r o u n d 2 , 0 0 0 s q u a r e m e t e r s , V o l t a b o x i s n o w o p e r a t i n g t h e f i r s t f u l l y a u t o m a t e d a s s e m b l y l i n e f o r b a t t e r y p a c k s . F u r t h e r l i n e s a r e s e t t o f o l l o w . A l o n g s i d e V o l t a b o x , p a r t s o f t h e s a m e b u i l d i n g w i l l a l s o b e l e t t o G e r m a n p a r t n e r s o f V o l t a b o x f o r u s e a s t h e i r o w n U S o f f i c e s .
Comments Klaus Dieter Frers, founder and CEO of paragon AG: "Nine months after the groundbreaking ceremony we are now ready for operations with our own plant in Texas. What has emerged is a modern building - one whose unusual architecture alone makes it stand out within Texas - and a real showroom for the company. We are particularly glad to have brought our German partners on board. Triathlon intends to supply US customers in the logistics industry with Voltabox battery packs from Leander. Aumann - the automation expert that manufactured our production lines - is set to follow at
a later date. All this will create a world-class development, production and sales center. We have thus

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implemented a further component of our internationalization strategy in the US in what is - as far as I
am aware - an unprecedented form."
Throughout the opening day, numerous local politicians and business leaders - as well as customers, partners and suppliers from various other US states - took the opportunity to beef themselves up with a typical Texan barbecue, enjoy live music from a well-known band from nearby music center Austin, and learn more about the latest Voltabox technologies. Frers stressed to the guests just how important the Texan plant is for paragon Group's further growth plans. The plant near Austin is not only intended to supply battery packs to customers in the bus and logistics industries. paragon aims to extend its production range at a later date and provide automakers in North America and Mexico with other domestically manufactured products from its portfolio as well.
Here too, certification under the Buy American Act is a prerequisite. Voltabox of Texas obtained certification that well over 60% of its value creation is based in the US at the end of 2014 already - a key factor not only to qualify as a supplier to US public sector institutions. Large parts of the private sector also call for local production when selecting their business partners.
Adds Klaus Dieter Frers: "We have already successfully acquired several promising orders on the spot, confirming our decision to come to the US. There is enormous potential here - and Voltabox offers us good opportunities to add a further chapter to our success story."

C o m p a n y p r o f i l e

Listed in the regulated market (Prime Standard) of Deutsche Börse AG in Frankfurt am Main, paragon AG develops, produces, and sells advanced automotive electronics solutions. The portfolio of this direct supplier to the automotive

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industry includes products in the following business segments: Sensors, Acoustics, Cockpit, Electromobility, and Body Kinematics. Headquartered in Delbrück (North Rhine-Westphalia), paragon AG has branches in Suhl (Thuringia), Nuremberg (Bavaria), St. Georgen (Baden-Württemberg) and Bexbach (Saarland), as well as subsidiaries in Bexbach (SphereDesign), Shanghai (China) and Austin (Texas, USA).

C o n t a c t

p a r a g o n A G Schwalbenweg 29

33129 Delbrück

Germany

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

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

Internet: www.paragon.ag

E-mail: info@paragon.ag

F i n a n c i a l p r e s s a n d i n v e s t o r r e l a t i o n s c o n t a c t

Instinctif Deutschland GmbH

Michael Müller.: Tel.: +49 (0) 221/42075-0, E-mail: michael.mueller@instinctif.com

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