Brief: Koenig & Bauer Signed Cooperation Agreement With Powerco For Collaboration In Sustainable Battery Cell Production

Koenig & Bauer AG

08/06/2023 09:44

June 8 (Reuters) - KOENIG & BAUER AG  SKBG.DE :
    * TODAY SIGNED A COOPERATION AGREEMENT WITH VOLKSWAGEN
SUBSIDIARY
POWERCO SE FOR DEVELOPMENT COLLABORATION IN FIELD OF SUSTAINABLE
BATTERY CELL PRODUCTION
    * DEVELOPMENT PHASE IS SCHEDULED TO RUN UNTIL END OF 2024
    * IF DEVELOPMENT GOALS ARE ACHIEVED, VOLKSWAGEN HAS
EXCLUSIVE
RIGHT TO USE OR SELL KOENIG & BAUER EQUIPMENT FOR A PERIOD OF 7
YEARS.
    * SEPARATE SUPPLY AND DISTRIBUTION AGREEMENT IS TO BE
CONCLUDED
FOR THIS PURPOSE

Source text for Eikon:  ID:nPex2pt1Ca 
Further company coverage:  SKBG.DE 

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