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PRESS RELEASE: Schaltbau Group to supply charging infrastructure for Kiel's e-bus fleet from mid-2020

| Quelle: Dow Jones Newsw... | Lesedauer etwa 4 min. | Text vorlesen Stop Pause Fortsetzen

DGAP-News: Schaltbau Holding AG / Key word(s): Miscellaneous
Schaltbau Group to supply charging infrastructure for Kiel's e-bus fleet
from mid-2020

2019-10-10 / 15:00
The issuer is solely responsible for the content of this announcement.

*Schaltbau Group to supply charging infrastructure for Kiel's e-bus fleet
from mid-2020*

*Munich, 10 October 2019 - In line with the City of Kiel's strategy to
deliver cleaner air, reduce noise levels and improve climate protection,
from mid-2020, KVG Kieler Verkehrsgesellschaft mbH will introduce a total of
36 all-electric articulated buses. Via its subsidiary SBRS, Schaltbau
Holding AG [ISIN: DE000A2NBTL2] will be supplying the infrastructure needed
to charge these innovative vehicles.*

Following a Europe-wide call for tenders with a preliminary competition in
spring 2019, Kieler Verkehrsgesellschaft decided in favour of its industrial
partners to successively convert its fleet to eco-friendly all-electric
articulated buses. This rigorous step positions the north German federal
state capital as a pioneer in the field of sustainable, climate-friendly
mobility in local public transport in Germany.

In this environment, the Schaltbau subsidiary Schaltbau Refurbishment
Systems (SBRS) successfully asserted itself against its competitors in the
selection process by impressively demonstrating the most economical concept.
Apart from the initial investment for the acquisition, the recurring
maintenance work provided by a single source were also taken into account.

The order from the City of Kiel comprises charging infrastructure for a
total of 36 all-electric articulated buses and the installation of 14
charging points, including the required adjacent buildings. "With this
order, we are again enhancing the Schaltbau Group's profile as a highly
proficient systems supplier in key future markets such as e-mobility,"
commented CEO Dr Albrecht Köhler. "We are leveraging the entire range of
skill and innovative strength gained in 90 years of corporate history."

SBRS e-mobility solutions are a result of the Schaltbau Group's expertise in
the field of energy systems combined with its ability to develop customised
applications. The high-performance fast-charging stations designed by SBRS
are suitable for both public transport scenarios and new mobility
applications such as industrial shuttle services. The increasingly strict
regulations introduced to protect the climate and improve the quality of air
in our cities and municipalities are driving a growing demand for the
Schaltbau Group's e-mobility solutions.

"We are already looking forward to another record year in the history of our
young company," added Thomas Milewski, Managing Director at SBRS. "After
successfully commissioning new equipment in Brussels and Osnabrück and
gaining new orders for large-scale projects from the cities of Münster,
Düsseldorf, Monterrey and Venice, we have also broadened our regional
customer base in the course of the year."

The programme initiated by the Federal Ministry for the Environment, Nature
Conservation and Nuclear Safety (BMU) to promote the purchase of electric
buses for local public transport services is providing 40 per cent of the
investment costs for the procurement of charging infrastructure in the
federal state capital of Kiel.

About the Schaltbau Group
Schaltbau Holding AG (ISIN: DE000A2NBTL2) is listed in the Prime Standard
segment of the regulated market of Deutsche Börse AG in Frankfurt am Main.
With annual Group revenue in the region of EUR 500 million and around 3,000
employees, Schaltbau is an internationally leading supplier of components
and systems in the field of transportation technology and the capital goods
industry. With Schaltbau, Bode, Pintsch and SBRS as their core brands,
Schaltbau Group companies develop a wide range of high-quality technologies
and customer-specific solutions for rolling stock, rail infrastructure, road
vehicles and a range of other industrial applications.
To find out more about the Schaltbau Group, go to:
https://schaltbaugroup.com [1]

Dr. Kai Holtmann
Head of Investor Relations & Corporate Communications
Schaltbau Holding AG
Hollerithstrasse 5
81829 Munich
P +49 89 93005-209

2019-10-10 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
Language: English
Company: Schaltbau Holding AG
Hollerithstraße 5
81829 Munich
Phone: +49 89 - 93005 - 209
Fax: +49 89 - 93005 - 398
E-mail: investor@schaltbau.de
Internet: www.schaltbaugroup.de
Indices: Prime Standard
Listed: Regulated Market in Frankfurt (Prime Standard), Munich;
Regulated Unofficial Market in Berlin, Dusseldorf, Stuttgart,
Tradegate Exchange
EQS News ID: 888461

End of News DGAP News Service

888461 2019-10-10

1: https://link.cockpit.eqs.com/cgi-bin/fncls.ssp?fn=redirect&url=290f9f21c3b1d8b217ab0503daf914fc&application_id=888461&site_id=vwd&application_name=news

(END) Dow Jones Newswires

October 10, 2019 09:00 ET ( 13:00 GMT)

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