Manz AG receives second installment of a large order from the automotive industry

Dow Jones received a payment from EQS/DGAP to publish this press release.

DGAP-Media / 2018-12-13 / 08:00 
 
*Manz AG receives second installment of a large order from 
the automotive industry* 
 
Reutlingen, December 13, 2018 - Manz AG, a global high-tech equipment 
manufacturer, has received the second installment of a large-scale order, 
won in early May 2018 from a Tier 1 automotive supplier, in the Electronics 
business segment. The order, with a total volume in the double-digit million 
euro range, involves machines used to automatically assemble the central 
cell contacting systems for battery cells in the electromobility field. The 
order allows Manz AG to tap into another key field of electrical vehicle 
power trains. Originally designed for the consumer electronics industry, 
Manz AG has successfully developed its trusted _LightAssembly_ platform for 
use in the automotive industry as well. The modular units are combined to 
achieve a tailored solution for the customer. Particularly in the e-mobility 
sector, in which a highly dynamic evolution is expected around the world in 
the coming years, a modular system offering a high degree of expandability 
and flexible adaptability offers real economic advantages. The 
_LightAssembly_ lines expand to meet customer needs and requirements, easing 
the strain on investment budgets and boosting Return on Investment. 
 
Martin Drasch, CEO of Manz AG, notes: "Progress within the project so far 
shows the high demands that the dynamically expanding e-mobility market 
places on the all new automation solutions required. We have enjoyed 
outstanding collaboration with the Tier 1 automotive supplier and OEM in 
recent months, and have been able to prove ourselves to be a highly flexible 
development partner. Thanks to the process know-how of our engineers in the 
complex, dynamic area of assembly automation as well as in battery 
technology, we are able to develop optimum solutions in a very short time 
via simultaneous engineering processes. Time to market is a crucial 
competitive factor in the current transition from the classic powertrain 
with combustion engine to the battery drive. Our reliable and cost-efficient 
systems put our customers in an outstanding position." 
 
*Company profile: 
 
Manz AG - passion for efficiency* 
 
Founded in 1987, Manz AG is a global high-tech equipment manufacturing 
company. Its business activities focus on the Solar, Electronics, Energy 
Storage, Contract Manufacturing, and Service segments. 
 
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 machines and modules that can be linked together to form 
individual system solutions. Manz AG is involved in customer projects from a 
very early stage, and is thus contributing significantly to the success of 
its customers with high quality, needs-oriented solutions. 
 
The company, listed on the stock exchange in Germany since 2006, currently 
develops and manufactures in Germany, Slovakia, Hungary, Italy, China and 
Taiwan. It also has sales and service branches in the USA and India. 
Worldwide, Manz AG currently employs around 1,700 people, about half of them 
in Asia. This region is critical for the company's target industries. Manz 
Group revenue in the 2017 financial year totaled around 325 million euros. 
 
*Contact* 
 
Manz AG 
Axel Bartmann 
Tel.: [phone] 
Fax: [phone] - 9000-99 
E-Mail: [e-mail] 
 
cometis AG 
Claudius Krause 
Tel.: +49 (0)611 - 205855-28 
Fax: +49 (0)611 - 205855-66 
E-Mail: [e-mail] 
 
End of Media Release 
 
Issuer: Manz AG 
 
2018-12-13 Dissemination of a Press Release, transmitted by DGAP - a service 
of EQS Group AG. 
The issuer is solely responsible for the content of this announcement. 
 
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Archive at www.dgap.de 
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 
 
End of News DGAP Media 
 
757417 2018-12-13 
 
 

(END) Dow Jones Newswires

December 13, 2018 02:00 ET (07:00 GMT)