Koenig & Bauer AG: signs cooperation agreement with Volkswagen on development collaboration in the field of battery cell manufacturing

Würzburg (pta008/08.06.2023/10:40 UTC+2)

Koenig & Bauer AG today signed a cooperation agreement with Volkswagen subsidiary PowerCo SE for development collaboration in the field of sustainable battery cell production.
Koenig & Bauer will develop a machine for the industrial powder coating ("solvent-free dry coating") of electrodes. Dry coating, which is a sub-process of multi-stage battery cell production, eliminates the costly and energy-intensive drying of wet-coated electrodes. Koenig & Bauer plans to cover most of the development costs with its own engineering resources. According to the current planning status, the development phase is scheduled to run until the end of 2024. Whether the ambitious development goals will be achieved can only be assessed after the development phase has been completed.
If the development goals are achieved, Volkswagen has the exclusive right to use or sell the Koenig & Bauer equipment for a period of 7 years.
A separate supply and distribution agreement is to be concluded for this purpose.

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Emitter:	Koenig & Bauer AG Friedrich-Koenig-Straße 4 97080 Würzburg Germany
Contact Person:	Lena Landenberger
Phone:	+49 931 909-4085
E-Mail:	lena.landenberger@koenig-bauer.com
Website:	www.koenig-bauer.com
ISIN(s):	DE0007193500 (Share)
Stock Exchange(s):	Regulated Market in Frankfurt, Munich; Free Market in Berlin, Dusseldorf, Hamburg, Hannover, Stuttgart, Tradegate