STS Group AG wins further strategic order to manufacture innovative lightweight components in China

Hallbergmoos/Munich, October 7, 2019. STS Group AG (ISIN: DE000A1TNU68;
www.sts.group), the global system supplier for the commercial vehicle and automotive
industry, listed in the Prime Standard of the Frankfurt Stock Exchange, announces another
strategic order. The Group will produce innovative hybrid doors for a Chinese electric vehicle
(Battery Electric Vehicle/BEV) manufacturer and also new STS customer. The order will have
an effect on sales starting in the fourth quarter of 2020.

The assignment is at the same time of great strategic importance. The STS Group is once again
demonstrating its versatility as well as its ability as an innovation driver and first mover. STS
introduces a new concept for passenger car doors exterior panel, combining injection molding
and fiber-reinforced composite known as Sheet Molding Compound (SMC) technology. An
injection molding outer panel, is glued on a SMC frame and fixed to the door’s structure.
Through the replacement of metal by the composite material to a large extent, a relevant
weight reduction can be achieved without reducing the safety aspects. The lightweight
construction makes a significant contribution to sustainable mobility.

Combining two technologies and on-site production very close to the customer once again
demonstrates the innovative STS approach as a competent system supplier for the global
automotive industry. Already in July, STS reported successes in the future market of China in
the field of e-mobility. The Group won two orders for the supply of battery covers for electric
vehicle models.

“Our technologies make an important contribution to reducing weight, noise and emissions in
the present and future automotive industry. That is why they remain in demand even in a
challenging market environment. We are delighted to have been entrusted with this contract
in one of the world’s most promising markets and are confident that we can further expand
our position as an innovative systems supplier,” says Andreas Becker, CEO of STS Group AG.

 

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Company profile of Mutares SE & Co. KGaA

Mutares SE & Co. KGaA, Munich (www.mutares.de), acquires medium-sized companies and parts of groups with headquarter in Europe that are being sold in the course of a repositioning process at their owners and show a clear potential for operational improvement. Mutares actively supports and develops its portfolio companies with its own investment and consulting teams as well as through acquisitions of strategic add-ons. The aim is to achieve a clear value increase with a focus on sustainable, long-term growth of the portfolio company. In 2018, Mutares’ portfolio companies generated consolidated revenues of EUR 865 million and employed more than 4,700 people worldwide. The shares of Mutares SE are listed on Frankfurt Stock Exchange under the ticker symbol “MUX” (ISIN: DE000A2NB650).