DGAP-News: Stabilus S.A. / Key word(s): Miscellaneous
Stabilus S.A.: New POWERISE application and further market share gains
highlight growth potential for electromechanical drive technology
14.10.2015 / 09:00
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CORPORATE NEWS
Luxembourg/Koblenz, 10/14/2015
Stabilus S.A.: New POWERISE application and further market share gains
highlight growth potential for electromechanical drive technology
- The Falcon Wing Doors of the recently launched Tesla Model X
demonstrate a new mass production application of the electromechanical
POWERISE drive
- Stabilus among the world's top three manufacturers in the area of
electromechanical drives for trunk lids and tailgates - increasing
demand in mid-size and compact car segments after successful
penetration of luxury segment
- Stabilus is expanding production capacities in Europe, Asia and North
America and is creating more than 500 new jobs in 2015 and 2016
Luxembourg/Koblenz, October 14, 2015 - The electromechanical POWERISE
system of Stabilus S.A. (ISIN: LU1066226637), the globally leading
developer and producer of gas springs and hydraulic dampers, is
continuously gaining market shares. The convenience feature, which allows
tailgates and trunk lids to be opened automatically at the push of a
button, is being offered by car manufacturers as an option in a growing
number of car models. Today, Stabilus is one of the world's top three
providers in the area of electromechanical drives for trunk lids and
tailgates. In several important markets such as the USA, Stabilus is
already the market leader. As a result, Stabilus particularly benefits from
the growth in demand for automatic trunk lids, which is developing
significantly faster than the growth of the automotive market.
The new application of POWERISE in the recently launched Tesla Model X sets
another milestone for Stabilus: It is the first time the company supplies a
car manufacturer with its electromechanical drive system for application in
components other than tailgates and trunk lids. The rear doors of the Tesla
Model X have been designed as gullwing doors (known as "Falcon Wings") that
open and close at the push of a button. Each of the doors is propelled by
four POWERISE systems.
The desire for ergonomically efficient operation is a megatrend of our
time. Up to now, the POWERISE systems have mainly been used in the luxury
segment. However, rising customer demand for greater comfort and better
ergonomics is leading to the increased use of this technology in volume
models of the next generation of mid-size and compact cars. Rising order
backlogs of Stabilus help indicate future equipment options in the
automotive sector.
Dietmar Siemssen, CEO of Stabilus, said: "The use of our POWERISE systems
to open and close the rear doors of the brand new Tesla Model X is a major
success for us and is an example for the versatility of the POWERISE
technology. But POWERISE also continues to thrive as an automatic drive for
trunk lids as well as tailgates and, after having penetrated the luxury and
SUV segments, is increasingly used in the volume segments of mid-size and
compact cars."
To meet the growing demand for both classical gas springs and dampers - of
which Stabilus produced a total of 138 million units in fiscal year 2014 -
as well as for POWERISE drives, Stabilus is further expanding its
production capacities in Europe, Asia and North America. This will create
more than 500 new jobs at the sites in Romania, China and Mexico in 2015
and 2016.
<pre>
Press Contact: Investor Relations Contact:
Charles Barker Corporate Communications Andreas Schröder
Tobias Eberle Tel.: +352 286 770 21
Tel.: +49 69 794090 24 E-Mail: anschroeder@stabilus.com
E-Mail: Tobias.Eberle@charlesbarker.de
</pre>
About Stabilus
As a globally active automotive and industrial supplier, Stabilus develops
and produces gas springs, hydraulic dampers as well as electromechanical
drives (POWERISE). Employing approximately 4,000 people worldwide, the
company has its operational headquarters in Koblenz. In the fiscal year
2014, Stabilus sales amounted to c. EUR 507 million. Stabilus operates
eleven production plants across nine countries and distributes its products
in over 50 countries in Europe, North, Central and South America and Asia
Pacific via its regional offices and sales partners. Stabilus has been
listed on the German Stock Exchange since May 2014 and became an SDAX
member in September that year.
Important Notice
This press release may contain forward-looking statements based on current
assumptions and forecasts made by Stabilus Group management and other
information currently available to Stabilus. Various known and unknown
risks, uncertainties and other factors could lead to material differences
between the actual future results, financial situation, development or
performance of the company and the estimates given here.
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14.10.2015 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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Language: English
Company: Stabilus S.A.
2, rue Albert Borschette
L-1246 Luxemburg
Grand Duchy of Luxembourg
Phone: +352 286 770 1
Fax: +352 286 770 99
E-mail: info.lu@stabilus.com
Internet: www.stabilus.com
ISIN: LU1066226637
WKN: A113Q5
Indices: SDAX
Listed: Regulated Market in Frankfurt (Prime Standard); Regulated
Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich,
Stuttgart
End of News DGAP News Service
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401735 14.10.2015
DGAP-News: Stabilus S.A.: New POWERISE application and further market share gains highlight growth potential for electromechanical drive technology
| Source: EQS Group AG