Koenig & Bauer AG: Confirms Progress in Battery Cell Manufacturing Development with VW PowerCo, Proof of Concept Targeted by Mid-2025

Würzburg (pta011/19.12.2024/10:20) - Koenig & Bauer AG ("Koenig & Bauer", WKN: 719350 / ISIN: DE0007193500), a leading global technology provider of special printing applications with a particular focus on the packaging sector, confirms that the development cooperation in the field of sustainable battery cell manufacturing which started in June 2023 with Volkswagen subsidiary PowerCo is on a positive path.

The development of a system for industrial dry powder coating ("solvent-free dry coating") of electrodes is a highly innovative and complex process in many areas, especially in joint process development, both in the industrialisation and scaling of various basic technologies and in the development of completely new machines for this process. Dry coating, which is a sub-process of multi-stage battery cell manufacturing, eliminates the costly and energy-intensive drying of wet-coated electrodes.

The phase to date has been assessed positively and is being continued with a high level of intensity, this is also reflected in the order for another prototype by VW PowerCo placed in the middle of the year. A proof of concept for the development goals is targeted by mid-2025.

(Ende)