STS Group AG

  • WKN: A1TNU6
  • ISIN: DE000A1TNU68
  • Land: Deutschland

Nachricht vom 03.06.2019 | 07:30

STS Group AG gains by a license agreement access to new solutions to expand its product range for innovative lightweight solutions

DGAP-News: STS Group AG / Key word(s): Agreement

03.06.2019 / 07:30
The issuer is solely responsible for the content of this announcement.


STS Group AG gains by a license agreement access to new solutions to expand its product range for innovative lightweight solutions

Hallbergmoos/Munich, June 3, 2019. Weight reduction is a crucial element for the success of a vehicle. 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, is further expanding its portfolio of innovative lightweight solutions. To this end, STS Group AG has reached an agreement with AMA Composites.

With LWRT (Leight Weight Reinforced Thermoplastic) technology, STS can now offer even more innovative, and lightweight components for all types of vehicles and further increases its competence in fibre composite materials. With the fiber-reinforced thermoplastic technology LWRT, weight reductions of 30 to 50% compared to aluminum or steel are feasible.

"This is another major step in our development. We are broadening our offering in an important area, strengthening our position as a leading provider of lightweight solutions," explains Andreas Becker, CEO of STS Group AG.

About STS Group:

STS Group AG, www.sts.group (ISIN: DE000A1TNU68), is a leading system supplier to the automotive industry for soft and hard trim. The Group, which has a history of tradition and expertise dating back to 1934, employs more than 2,500 people and generated revenue of 401.2 mEUR in the 2018 financial year. At its 17 plants in total in France, Italy, Germany, Poland, Mexico, Brazil and China, the STS Group ("STS") produces plastic and acoustic components, such as solid and flexible vehicle trim, noise and vibration-damping materials and entire interior and exterior trim systems. STS is considered a technology leader in the manufacture of plastic injection molding, specialty acoustic products and components from sheet molding compounds (SMC). STS has a strong footprint with plants in China, Europe, Mexico and Brazil. The customer portfolio comprises leading international commercial vehicle and automotive manufacturers.

STS Group AG
Stefan Hummel
Head of Investor Relations
Zeppelinstrasse 4
85399 Hallbergmoos, Germany
+49 811 1244 9412
ir@sts.group
www.sts.group

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03.06.2019 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

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