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Stabilus S.A.: New POWERISE application and further market share gains highlight growth potential for electromechanical drive technology

Oct 14, 2015 9:00 AM

Stabilus S.A. / Key word(s): Miscellaneous

2015-10-14 / 09:00

CORPORATE NEWS Luxembourg/Koblenz, 10/14/2015

Stabilus S.A.: New POWERISE application and further market share gains highlight growth potential for electromechanical drive technology

- The Falcon Wing Doors of the recently launched Tesla Model X demonstrate a new mass production application of the electromechanical POWERISE drive

- Stabilus among the world's top three manufacturers in the area of electromechanical drives for trunk lids and tailgates - increasing demand in mid-size and compact car segments after successful penetration of luxury segment

- Stabilus is expanding production capacities in Europe, Asia and North America and is creating more than 500 new jobs in 2015 and 2016

Luxembourg/Koblenz, October 14, 2015 - The electromechanical POWERISE system of Stabilus S.A. (ISIN: LU1066226637), the globally leading developer and producer of gas springs and hydraulic dampers, is continuously gaining market shares. The convenience feature, which allows tailgates and trunk lids to be opened automatically at the push of a button, is being offered by car manufacturers as an option in a growing number of car models. Today, Stabilus is one of the world's top three providers in the area of electromechanical drives for trunk lids and tailgates. In several important markets such as the USA, Stabilus is already the market leader. As a result, Stabilus particularly benefits from the growth in demand for automatic trunk lids, which is developing significantly faster than the growth of the automotive market.

The new application of POWERISE in the recently launched Tesla Model X sets another milestone for Stabilus: It is the first time the company supplies a car manufacturer with its electromechanical drive system for application in components other than tailgates and trunk lids. The rear doors of the Tesla Model X have been designed as gullwing doors (known as "Falcon Wings") that open and close at the push of a button. Each of the doors is propelled by four POWERISE systems.

The desire for ergonomically efficient operation is a megatrend of our time. Up to now, the POWERISE systems have mainly been used in the luxury segment. However, rising customer demand for greater comfort and better ergonomics is leading to the increased use of this technology in volume models of the next generation of mid-size and compact cars. Rising order backlogs of Stabilus help indicate future equipment options in the automotive sector.

Dietmar Siemssen, CEO of Stabilus, said: "The use of our POWERISE systems to open and close the rear doors of the brand new Tesla Model X is a major success for us and is an example for the versatility of the POWERISE technology. But POWERISE also continues to thrive as an automatic drive for trunk lids as well as tailgates and, after having penetrated the luxury and SUV segments, is increasingly used in the volume segments of mid-size and compact cars."

To meet the growing demand for both classical gas springs and dampers - of which Stabilus produced a total of 138 million units in fiscal year 2014 - as well as for POWERISE drives, Stabilus is further expanding its production capacities in Europe, Asia and North America. This will create more than 500 new jobs at the sites in Romania, China and Mexico in 2015 and 2016.

Press Contact:
Charles Barker Corporate Communications
Tobias Eberle
Tel.: +49 69 794090 24
Investor Relations Contact:
Andreas Schröder
Tel.: +352 286 770 21

About Stabilus

As a globally active automotive and industrial supplier, Stabilus develops and produces gas springs, hydraulic dampers as well as electromechanical drives (POWERISE). Employing approximately 4,000 people worldwide, the company has its operational headquarters in Koblenz. In the fiscal year 2014, Stabilus sales amounted to c. EUR 507 million. Stabilus operates eleven production plants across nine countries and distributes its products in over 50 countries in Europe, North, Central and South America and Asia Pacific via its regional offices and sales partners. Stabilus has been listed on the German Stock Exchange since May 2014 and became an SDAX member in September that year.

Important Notice

This press release may contain forward-looking statements based on current assumptions and forecasts made by Stabilus Group management and other information currently available to Stabilus. Various known and unknown risks, uncertainties and other factors could lead to material differences between the actual future results, financial situation, development or performance of the company and the estimates given here.

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