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DGAP-Adhoc: AKASOL AG: AKASOL receives another long-term order from one of the world's leading commercial vehicle manufacturers

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DGAP-Ad-hoc: AKASOL AG / Key word(s): Incoming Orders/Incoming Orders
AKASOL AG: AKASOL receives another long-term order from one of the world's
leading commercial vehicle manufacturers

11-Sep-2019 / 19:08 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation
(EU) No 596/2014, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

*Disclosure of insider information according to Article 17 MAR of Regulation
(EU) No 596/2014*

*AKASOL receives another long-term order from one of the world's leading
commercial vehicle manufacturers*

Darmstadt, September 11, 2019 - AKASOL AG ("AKASOL"; the "Company"; ISIN
DE000A2JNWZ9), a leading German manufacturer of high-performance lithium-ion
battery systems, received a large follow-up order from its long-term major
customer, one of the world's leading commercial vehicle manufacturers, with
a total volume in the high three-digit million-euro range. From 2021 until
the end of 2027 the Company will supply the third generation of high energy
battery systems for various electric commercial vehicles of the globally
operating customer. The total order backlog of AKASOL AG increases to
approx. EUR 2 billion by 2027 and safeguards the dynamic growth within the
upcoming years. Due to the significant increase of the order backlog
resulting from the most recent order for the new system generation, the
Company prepares for possible shifts in the execution of existing serial
projects and thus is currently conducting a detailed analysis of the
short-term targets for 2019.

< End of the ad-hoc announcement >

*Contact:*

AKASOL AG
Isabel Heinen
Phone: +49 (0) 6151 800500-193
Email: isabel.heinen@akasol.com

11-Sep-2019 CET/CEST The DGAP Distribution Services include Regulatory
Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de
Language: English
Company: AKASOL AG
Landwehrstrasse 55
64293 Darmstadt
Germany
Phone: +49 6151/800 500
E-mail: info@akasol.com
Internet: www.akasol.com
ISIN: DE000A2JNWZ9
WKN: A2JNWZ
Listed: Regulated Market in Frankfurt (Prime Standard); Regulated
Unofficial Market in Berlin, Dusseldorf, Munich, Stuttgart,
Tradegate Exchange
EQS News ID: 872221

End of Announcement DGAP News Service

872221 11-Sep-2019 CET/CEST



(END) Dow Jones Newswires

September 11, 2019 13:08 ET ( 17:08 GMT)
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