Announcements

ElringKlinger wins further large-scale serial production contract for lightweight components

- Byton places order for hybrid cockpit cross-car beams for premium SUV

- Order represents double-digit million euro turnover covering a period of six years

- Start of production in 2019 at ElringKlinger's plant in Suzhou, China

Dettingen/Erms (Germany), January 30, 2018 +++ ElringKlinger AG has been awarded another major contract for its innovative lightweight structural components. Electric vehicle manufacturer Byton has placed an order with ElringKlinger for the supply of cockpit cross-car beams to be used in the company's premium SUV model. Both parties are also targeting to integrate the same lightweight technology into other, future Byton models. Development work for this project will be conducted at the technical centers in Silicon Valley and Southern Germany. Starting 2019 the components will be produced at ElringKlinger's plant in Suzhou, China. In total, the contract covers a double-digit million euro turnover over a period of six years.

"Byton is the second innovative supplier of the next generation of vehicles to have opted for our cockpit cross-car beams. This clearly illustrates the value of this lightweight component to customers: the tangible weight savings and its flexible adaptability to individual requirements are of tremendous relevance to manufacturers," explains Dr. Stefan Wolf, CEO of ElringKlinger AG. "It comes as no surprise that the cockpit cross-car beam was one of the first interior components of the new SUV model for which the customer placed an order at such an early stage."

The production process of cockpit cross-car beams manufactured by ElringKlinger includes an innovative method of hydroforming and plastic injection-molding combined into a single-step process. The resulting structural parts made of polymer and metal combine the benefits of both materials: design freedom, tremendous integration opportunities of complex geometries, excellent precision in terms of shape and dimensions with minimal tolerances as well as outstanding structural resistance in the event of an accident. At the same time, the cross-car beams can help to achieve significant weight reductions compared to conventional metal carrier designs.

ElringKlinger has been working on substituting metal by plastics over a period spanning more than 15 years and has accumulated considerable know-how in this field with regard to materials and production methods. The Group has already been manufacturing structural parts made of polymer-metal hybrids at its sites in Leamington (Canada) and Suzhou (China) since 2015 as well as in Fremont (USA) since mid-2017. The latest order confirms and encourages the strategy of ElringKlinger into lightweight body and chassis components.

For further information, please contact:
ElringKlinger AG
Dr. Jens Winter
Investor Relations / Corporate PR
Max-Eyth-Straße 2
D-72581 Dettingen/Erms
Phone: +49 7123 724-88335
Fax: +49 7123 724-85 8335
E-mail: jens.winter[at]elringklinger.com

About ElringKlinger AG
As an automotive supplier, ElringKlinger has become a trusted partner to vehicle manufacturers - with a firm commitment to shaping the future of mobility. Be it optimized combustion engines, high-performance hybrids, or environmentally-friendly battery and fuel cell technology, ElringKlinger provides innovative solutions for all types of drive systems. ElringKlinger's lightweighting concepts help to reduce the overall weight of vehicles. As a result, vehicles powered by combustion engines consume less fuel and emit less CO₂, while those equipped with alternative propulsion systems benefit from an extended range. In response to increasingly complex combustion engine technology, the Group also continues to make refinements with regard to gaskets in order to meet the highest possible standards. This is complemented by solutions centered around thermal and acoustic shielding technology. Additionally, the Group's portfolio includes products made of the high-performance plastic PTFE which are also marketed to industries beyond the automotive sector. These efforts are supported by a dedicated workforce of more than 9,300 people at 49 ElringKlinger Group locations around the globe.

Dettingen/Erms (Deutschland), December 21, 2017 +++ ElringKlinger AG has reached an agreement with a major French automotive supplier for the sale of its exhaust gas purification business, as part of which the German company will divest itself from the Hug Group based in Elsau, Switzerland. The 93.67% interest held by ElringKlinger in Hug Engineering AG prior to the sale will thus pass entirely to the contracting party. The parties to the contract have agreed not to disclose details relating to the purchase consideration. The purchase agreement was signed on December 21, 2017; subject to antitrust clearance, the transaction is expected to be closed during the first quarter of 2018.

In completing this deal, ElringKlinger will withdraw from the business field of exhaust gas purification. This strategic decision is to be seen against the background of increasing globalization within this area of business, which would have necessitated further substantial investments by ElringKlinger in order to remain competitive in this market in the long term. ElringKlinger's strategic focus is mainly centered on the promising fields of lightweighting and e-mobility with its three supportive pillars of battery technology, fuel cell technology, and electric drive systems.

The Exhaust Gas Purification division currently operating within the Original Equipment segment offers solutions for engines deployed in both mobile - such as commercial vehicles, trains, and ships - and stationary applications. In 2016, it contributed around 3% to consolidated revenue within the ElringKlinger Group. Its share of business is estimated at a similar level for the current financial year.

About ElringKlinger AG
As an automotive supplier, ElringKlinger has become a trusted partner to vehicle manufacturers - with a firm commitment to shaping the future of mobility. Whether optimized combustion engines, high-performance hybrids, or environmentally-friendly battery and fuel cell technology, ElringKlinger provides innovative solutions for all types of drive system. ElringKlinger's lightweighting concepts help to reduce the overall weight of vehicles. As a result, vehicles powered by combustion engines consume less fuel and emit less CO₂, while those equipped with alternative propulsion systems benefit from an extended range. In response to increasingly complex combustion engine technology, the Group also continues to refine and evolve its offering within the area of seals and gaskets in order to meet the highest possible standards. This is complemented by solutions centered around thermal and acoustic shielding technology. Additionally, the Group's portfolio includes products made of the high-performance plastic PTFE, which is also marketed to industries beyond the automotive sector. These efforts are supported by a dedicated workforce of more than 9,000 people at 49 ElringKlinger Group locations around the globe.