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Manz AG receives official notification of funding of around 70 million euros from the BMWi and the Baden-Wuerttemberg Ministry of Economic Affairs

DGAP-News: Manz AG / Key word(s): Miscellaneous Manz AG receives official notification of funding of around 70 million euros from the BMWi and the Baden-Wuerttemberg Ministry of Economic Affairs (news with additional features) 27.04.2021 / 15:07 The issuer is solely responsible for the content of this announcement. Manz AG receives official notification of funding of around 70 million euros from the BMWi and the Baden-Wuerttemberg Ministry of Economic Affairs

• Manz's "Lithium Battery Factory of the Future" project is funded as part of the European Commission's IPCEI "EuBatIn"
• Manz Italy receives further EU funding in the mid double-digit million-euro range
• Total volume of funding for the Manz Group thus in the three-digit million-euro range

Reutlingen, April 27, 2021 - Manz AG, a globally active high-tech engineering company with a comprehensive technology portfolio, today received official notification from the German Federal Ministry for Economic Affairs and Energy (BMWi) and the Baden-Wuerttemberg State Ministry of Economics for funding in the amount of approximately 70 million euros. The award is part of the Important Projects of Common European Interest ("IPCEI") to promote research and innovation in the battery value chain. A total of eleven German companies will receive subsidies for their projects, with Manz AG playing a central role as a mechanical engineering company. With the project known as "European Battery Innovation (EuBatIn)", twelve EU member states will provide a total of up to 2.9 billion euros in funding for companies in the respective countries in the coming years. Manz Italy will also receive funding in the mid-double-digit million-euro range.

The "European Battery Innovation" is an ambitious project with the aim of developing new technologies and processes that go far beyond the current state of the art and will enable major improvements in terms of performance, safety and environmental protection. The project covers the entire battery value chain, from the extraction of raw materials, through the development and production of battery cells and modules, to recycling and disposal in a circular economy. In this way, the project contributes to strengthening an industry that is of strategic importance for the future of Europe, especially regarding clean and low-emission mobility.