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paragon AG Extends Series Production of Air Quality Sensors for Chinese Manufacturers

DGAP-News: paragon AG / Key word(s): Miscellaneous
paragon AG Extends Series Production of Air Quality Sensors for Chinese
Manufacturers

26.09.2016 / 17:30
The issuer is solely responsible for the content of this announcement.

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paragon AG Extends Series Production of Air Quality Sensors for Chinese
Manufacturers

- Growing demand in China for the air quality sensors, which have proved
their mettle millions of times over

- paragon welcomes further Chinese manufacturers as new clients

- Increasing utilization of production capacity at paragon Automotive
Kunshan Co., Ltd., starting 2017

Delbrück, September 26, 2016 - paragon AG [ISIN: DE0005558696] has today
announced the start of series production for various air quality sensors to
be used in several vehicle models made by Chinese manufacturers.

In China, the government is stepping up efforts to prevent the population
from being exposed to health risks caused by environmental pollution. The
latest draft of the next Five-Year Plan (2016-2020) therefore contains
specific targets for considerably reducing air pollution. As a result, the
Chinese car industry is now a global driver of the rapid spread of
resource-saving technologies. Alongside electromobility, technologies
designed to improve air quality play a particularly significant role.

Since the Chinese plant was opened in November 2015, the paragon site in
Kunshan, near Shanghai, has been focusing on state-of-the-art air quality
management solutions for vehicle interiors to minimize passengers' exposure
to harmful substances. The technology used in the paragon air quality
sensors is based on the fact that metal oxide sensors respond to harmful
gases such as nitrogen oxide (NO), nitrogen dioxide (NO2), and carbon
monoxide (CO) with a change in resistance. The resistance is then analyzed
using an intelligent algorithm. The sensor can then activate the vehicle's
air circulation system and close the air vents if the quality of the
outside air falls below a certain level. The specially developed software
controls the sensitivity of the sensor according to defined parameters such
as temperature, length of journey, and overall environmental pollution.

"We are delighted that more and more Chinese manufacturers are fitting
their latest vehicle generations with our air quality sensors," says Klaus
Dieter Frers, founder and Chief Executive Officer of paragon AG. "This
enables us to play a role in reducing the health risk to the Chinese
population in all conceivable traffic scenarios, e.g. traffic jams."

Alongside the globally leading air quality sensor from paragon, Chinese