HANZA signs with Chargestorm

June 25, 2015

HANZA has signed a multi-year agreement with Chargestorm relating to the manufacture of complete charging solutions for electric vehicles to an initial annual value in excess of 10 MSEK.

HANZA Holding AB (publ) has signed a multi-year agreement with Chargestorm which is a leading Swedish supplier of charging solutions for electric vehicles. The products will be built in HANZAs manufacturing sites and final assembly will be done in the electronics site in Åtvidaberg. The product is in an early stage, why a quick ramp-up of production volumes is planned.

Chargestorm is today one of Sweden’s leading companies in charging infrastructure for electric vehicles and on Ny Teknik 33-list of fastest-growing startup companies. Chargestorm delivers complete solutions including charging stations, operating and monitoring software, and various payment solutions.

“The choice fell on HANZA as a partner as they have experience in designing complete manufacturing solutions that create value and competitiveness.” says Patrik Lindergren, CEO Chargestorm.

“It feels great to grow further in the Cleantech area, an area of strategic importance for HANZA” says Thomas Lindström, Vice President HANZA, “Chargestorm is a very innovative and interesting customer for us going forward.”

The information in this press release is such that HANZA must disclose it in accordance with the Securities Markets Act and/or the Financial Instruments Trading Act. The information was submitted for publication at 15.20 am (CET), June 25, 2015. Erik Penser Bankaktiebolag is the company’s certified adviser.

Important information
This press release may contain certain forward-looking statements that reflect HANZA’s current views of future events and financial and operational performance. Words such as “intends”, “anticipates”, “expects”, “may”, “plan “, “anticipate” or similar expressions regarding indications or predictions of future developments or trends, and are not based on historical facts, constitute forward-looking information. Forward-looking information is inherently associated with both known and unknown risks and uncertainties because it is dependent on future events and circumstances. Forward-looking statements are not guarantees regarding future results or developments and actual results may differ materially from those set forth in forward-looking information.

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