Alelion Energy Systems AB: Alelion receives additional follow-up order worth MSEK 8 from global special vehicle manufacturer Terberg Group
The battery systems will be used for electrification of terminal tractors. The order includes a service agreement and is worth MSEK 8 in total – the equal amount as the previously disclosed order from Terberg which Alelion received in June this year.
Terberg is one of the world’s largest independent specialist vehicle manufacturers, with own operations in twelve countries and a product portfolio that includes terminal tractors, RoRo tractors and container carriers. The systems in this order are intended for terminal tractors for use in ports, a segment which has seen less impact from the ongoing pandemic than, e.g., the aviation industry.
”Increased electrification has long been identified as a determining factor in solving the climate and emission problems throughout the automotive sector. This order demonstrates that there is a growing, customer-driven demand within the special vehicle segment and that change is now under way,” says Åsa Nordström, CEO of Alelion Energy Systems.
Alelion Energy Systems started working with Terberg Group in autumn 2018, when the company received the first order to develop two high voltage battery systems adapted to Terberg’s special vehicles. In conjunction with that order, Alelion also received an order for battery systems to be delivered in 2018 and 2019. The development effort that has since continued has now resulted in two battery systems specially adapted for Terberg’s needs, both of them certified in accordance with the legal requirements R100 and R10. In June this year, Alelion announced a first follow-up order of MSEK 8. The currently announced order is the second in a short period of time from Terberg Group and the third since the autumn of 2018.
Since cooperation with Terberg began in 2018, Alelion Energy Systems has increased investments in more advanced high voltage battery systems for special vehicles. The company has since then also received a number of important orders within the segment, including from the Swedish construction machinery manufacturer Huddig. Several of these clients are now conducting product testing, which is the phase preceding certification and start of serial production.
For more information, please contact:
Åsa Nordström, CEO, Alelion Energy Systems AB
+4670-290 18 58
About Alelion Energy Systems AB (publ)
Alelion is a lithium-ion technology solution provider and manufacturer of battery systems. Alelion makes its clients succeed with their electrification of industrial vehicles and transformation to more sustainable use of energy. With powerful solutions, automated production and an empowering approach, Alelion constantly strives forward, for a better tomorrow. Alelion is headquartered in Gothenburg, Sweden and listed at Nasdaq First North Growth Market.
Alelion has and gives the power to change. alelion.com
Alelion’s major owners are Pegroco Invest and Fouriertransform. The company’s share (ALELIO) is traded on Nasdaq First North Growth Market, Stockholm, with G&W Fondkommission as Certified Adviser, e-mail: email@example.com,phone: +468-503 000 50.
This disclosure contains information that Alelion Energy Systems AB is obliged to make public pursuant to the EU Market Abuse Regulation (EU nr 596/2014). The information was submitted for publication, through the agency of the contact person, on 24-09-2020 11:30 CET.