Manz AG: New major orders underscore continuing positive development in the Energy Storage segment
20.07.2015 | Reutlingen
- Total order volume of around EUR 50 million from the consumer electronics industry
- Innovative equipment concept for batteries with longer service life convinces customers
- Dieter Manz: High potential of the Energy Storage segment confirmed
Manz AG, one of the world’s leading high-tech equipment manufacturers with an extensive technology portfolio covering the three strategic business segments of "Electronics", "Solar" and "Energy Storage," has received several follow-up orders with a total volume of around EUR 50 million. Some of the orders will impact revenues and earnings in the current fiscal year of 2015 and some in the first half of 2016. The new orders follow on the major orders totaling EUR 40 million that had already been received at the beginning of 2015.
"The new follow-up orders are the result of our high quality, innovative work and reflect our excellent business relations with our customers," comments Dieter Manz, CEO and founder of Manz AG.
The orders received comprise innovative production solutions for lithium-ion batteries for electronic devices from the Consumer Electronics segment. In this segment of the market, service life and size of the batteries are becoming more and more important. The advanced production systems from Manz enable a longer battery life and reduced size and weight. This has a positive effect on the properties of the end devices, thereby giving Manz AG clients calculable competitive advantages. With its globally unique technology portfolio for the production of all current battery cell concepts – from wound button cells to stacked pouch cells – Manz AG plays a decisive role in the continued development of lithium-ion battery technology.
"I am very pleased that the order situation is again moving forward, especially since we had already expected some of the orders that have now been received for the first half year. With these orders and those we are still expecting, I feel optimistic about the further development of the company," comments Dieter Manz. Dieter Manz assesses the prospects of the Energy Storage segment as positive: "I continue to see high potential for us as a leading high-tech equipment manufacturer. Along with the consumer electronics industry we are seeing increasing customer activity specifically in the e-mobility industry. I am convinced that in the intermediate term, we can expect something more in this segment.”