Announcements

Dettingen/Erms (Germany), March 23, 2020  +++ As a result of the coronavirus pandemic, a large number of automobile manufacturers have suspended production at many of their sites or have announced such stoppages. In response, the Management Board of ElringKlinger AG, Dettingen/Erms (ISIN DE 0007856023/ WKN 785602), acting in consultation with the Group works council of ElringKlinger AG, has decided to adjust Group production in Germany in line with requirements directly as of today (March 23). Among the sites primarily affected are those in Europe and North America, but also the plant in India and that in Brazil. Production will either be scaled down – in Germany, for example, all necessary preparations for short-time work are now being made – or halted temporarily. This package of measures does not include the Chinese plants, which have resumed operations following the temporary closures. At present, the sites in other regions of the world, such as South Africa, will also continue production without being affected by these measures.

It is impossible to predict the duration of plant closures by manufacturers. The same applies to potentially more extensive measures in the coming weeks – also from a political perspective. In view of these considerable uncertainties and significant dynamics, the economic effects on the Group cannot currently be determined with sufficient reliability and accuracy.

The impact caused by the global spread of the coronavirus has prompted ElringKlinger to postpone its Annual General Meeting (AGM) originally scheduled for May 19, 2020, to the later date of July 7, 2020. This decision was made with a view to protecting the health of all concerned.

Dettingen/Erms (Germany), March 13, 2020 +++ The coronavirus is spreading around the globe. News headlines are changing daily and protective measures for the respective populations are becoming increasingly comprehensive in the affected countries. Sports events are being canceled, and in some states day-care centers and schools are facing closure. In the German state of Baden-Württemberg, the Ministry of Health this week decreed that events with more than 1,000 participants are to be canceled. It is impossible to rule out that this ban may be extended to events with fewer than 1,000 participants.

Against this background, the Management Board of ElringKlinger AG, in consultation with Chairman of the Supervisory Board Klaus Eberhardt, has decided to postpone the company's AGM, originally scheduled for May 19, 2020, to the later date of July 7, 2020.

"For us at ElringKlinger, commitment to health and responsible action are of paramount importance. With this in mind, we have decided to postpone the event until a date when, based on current knowledge, the period of heightened risk of infection has ended," says CEO of ElringKlinger AG, Dr. Stefan Wolf. "This was a difficult decision for us, but it serves to protect all parties involved. We came to the decision at an early stage in order to provide greater planning certainty for our shareholders as well as service providers and the media."

The International Congress Center Stuttgart in proximity to the airport will also be the venue for the AGM on July 7.

Dettingen/Erms, March 3, 2020 +++ 

The Ski World Cup in Hinterstoder, Austria, provided the perfect setting for the presentation of a hydrogen-based product innovation for winter tourism. The "Lynx HySnow" of the engine manufacturer Rotax was presented. This is the first emission-free snow vehicle powered by an electric drive with fuel cell. ElringKlinger was one of the partner companies in this project and equipped the snowmobile with a fuel cell stack on the NM5 platform.

After several years of intensive research and development, the motorized sled was presented to the public for the first time as a concept vehicle. The basis was a conventional snow vehicle, as it has been used for years in various ski areas. The vehicle was completely modified and equipped with an electric drive including fuel cell.

Due to its emission-free drive, the Lynx HySnow is not only a showcase project in terms of sustainability – the required hydrogen is produced on site from solar power by means of electrolysis – but also has other convincing advantages: Thanks to the innovative drive system, the vehicle runs almost noiselessly and offers considerable advantages over purely electrically powered vehicles, especially at very low temperatures. In addition, it achieves longer ranges and better acceleration values than a conventional electric drive. The potential applications of the Lynx HySnow are primarily seen in winter tourism.

The NM5 PEM fuel cell stack developed and produced by ElringKlinger is one of three standardized stack platforms currently available with different performance ranges. The NM5 has an electrical output of 6 to a maximum of 70 kWel. It is therefore ideally suited for use in light commercial vehicles and comparable applications. The stack is operated with hydrogen and air; it is cooled by a commercial glycol-based coolant for fuel cells.