Regulatory Filings • Jan 21, 2019
Regulatory Filings
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Levallois, January 21, 2019
Plastic Omnium and HELLA announce the launch of an innovative co-development project on integrated solutions, combining exterior body parts and lighting. HELLA is a leading, global, family-owned Company listed on the Frankfurt stock exchange, developing and manufacturing lighting technology and electronic products for the automotive industry.
The collaboration, involving engineering and design experts from both companies and based in Germany, will be focused on jointly developing new systems integrating innovative lighting technologies, and intelligent exterior systems, at the front and at the rear of the car.
"This new partnership between Plastic Omnium and HELLA, will provide the market with combined technologies and solutions, bringing together the best of the know-how on both companies on new styling and advanced functionalities for the body exterior. This will enhance the offer towards our customers in the fields of smart bumpers and tailgates, enriched with communication and lighting features" says Laurent Burelle, Chairman and CEO of Plastic Omnium.
"Lighting is shaping the vehicle design more than ever. The demand for individualization and differentiation will continue to grow in the future. Additionally, lighting can also contribute to communication and safety in automated driving scenarios," said HELLA CEO Dr. Rolf Breidenbach. "By further deepening the collaboration with our long-standing partner Plastic Omnium, we will have additional opportunities to further drive these market trends and offer our customers new levels of freedom in terms of functionality and design."
Financial information Tel.: +33 (0)1 40 87 66 78 Fax: +33 (0)1 40 87 96 62 [email protected] Plastic Omnium is the world leader in intelligent automotive exterior systems, clean energy systems and automotive modules. The Group and its joint ventures employ more than 31,000 people in 122 plants, 24 R&D Centers and 26 countries worldwide, supplying 83 carmakers. Plastic Omnium is listed on Euronext Paris, compartment A. It is eligible for the Deferred Settlement Service (SRD) and is part of the SBF 120 and CAC Mid 60 indices (ISIN code: FR0000124570).
Both companies are already involved in a global partnership through HBPO, worldwide leader of development, assembly and logistics of Front-End Modules solutions. HBPO generated € 2 billion of sales in 2018.
With this technological partnership, Plastic Omnium continues to underpin its innovation strategy, supported by 3,500 engineers in 24 R&D centers worldwide and 6% of its revenue yearly invested in Research and Development. Innovative capabilities have also been recently reinforced with:
Combined with an open innovation network, all of these expertises and investments will enable Plastic Omnium to find additional growth opportunities in meeting the technological challenges of tomorrow's autonomous and clean car.
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