VARTA AG

Regulatory Filings • Oct 10, 2018

News Details

Corporate | 10 October 2018 17:38

VARTA AG: VARTA AG Lithium-ion Batteries Remain in High Demand

DGAP-News: VARTA AG / Key word(s): Miscellaneous/Miscellaneous

10.10.2018 / 17:38

The issuer is solely responsible for the content of this announcement.

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Corporate News

Ellwangen, October 10, 2018

VARTA AG Lithium-ion Batteries Remain in High Demand

• Production increase for small lithium-ion batteries on schedule

• VARTA AG is also open to discussions on producing large battery cells

VARTA AG, globally active expert for microbatteries with a market-leading position in hearing-aid batteries and solutions for hearables, wearables, power packs and energy storage, confirms the continuing strong demand for small lithium-ion batteries. The growing market for wireless headsets continues to generate high interest in VARTA’s CoinPower brand of lithium-ion batteries.

The expansion of the main production facility in Ellwangen is on schedule, and production of small lithium-ion batteries has commenced at the company’s Nördlingen site.

“On account of the ongoing trend towards ever smaller wireless headsets equipped with more and more features, lithium-ion batteries require a greater energy density. That’s generating even more momentum for us,” explains Herbert Schein, CEO of VARTA AG.

VARTA AG possesses enormous know-how in lithium-ion battery technology, and is thus an attractive partner for research and production technology aimed at large-format cells. In this connection, the enterprise is also studying other application areas that require large lithium batteries. VARTA AG remains in intensive discussions with the relevant market actors, as a framework comprising multiple partners offers the best prospects for success in a project of this type.

Contact: Corinna Hilss Pressesprecherin Daimlerstrasse 1 73479 Ellwangen +49 7961 921-221	Kontakt: Bernhard Wolf Investor Relations Daimlerstrasse 1 73479 Ellwangen +49 7961 921-969

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10.10.2018 Dissemination of a Corporate News, transmitted by DGAP – a service of EQS Group AG.

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Language:	English
Company:	VARTA AG
	Daimlerstraße 1
	73479 Ellwangen
	Germany
Phone:	+49 (0)791-921-0
E-mail:	info@varta-ag.com
Internet:	www.varta-ag.com
ISIN:	DE000A0TGJ55
WKN:	A0TGJ5
Listed:	Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich, Stuttgart, Tradegate Exchange

End of News	DGAP News Service