pgam advanced technologies AG
pgam Group system supplier of armoring kits for Audi A8 and VW Phaeton
Corporate-news announcement sent by DGAP.
The sender is solely responsible for the contents of this announcement.
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pgam Group system supplier of armoring kits for Audi A8 and VW Phaeton
Georgsmarienhuette / Zwickau, October 28th, 2004 –
pgam advanced technologies AG (Prime Standard, SDAX, ISIN DE0005138408) is via
their Group subsidiary IndiKar GmbH instructed system supplier for the armored
OEM versions of the luxury sedans Audi A8 and VW Phaeton. The Board of pgam
expects due to the market success of these products a total sales volume up to
EUR 50 million until 2009 for their subsidiary IndiKar – Individual
Karosseriebau GmbH. Specific details of the supplying volumes are subject to
confidentiality.
These orders confirm sustainable the strategic new orientation of the pgam
Group towards the special protection business as an OEM supplier and secures
the capacity utilization of IndiKar – and their approx. 60 employees – for
this decade. pgam has been supplier of the VW Group for more than 20 years and
achieved already several supplier awards.
The strategic decision taken earlier to focus on the segment of armored and
protected cars allowed pgam to step aside from the rather difficult market
situation of the automobile industry actually. Demand for these products
develops extraordinary well because of a growing political instability in
several parts of the world and the ongoing flashpoints on earth. The
corresponding enlargement of offered specialty vehicles directly from the OEMs
as well as own product developments for the after market represent future
opportunities for pgam. Just recently pgam achieved a governmental certificate
for armored and special protected sports utility vehicles of international
importance (Press Release from October 12th, 2004).
For further details and information about the company please use
http://www.pgam.com or contact:
pgam advanced technologies AG
Investor Relations
Beekebreite 18-20
D – 49124 Georgsmarienhuette
Phone:+49 -(0)5401 -490 490
Fax:+49 -(0)5401 -42705
email: i-relations@pgam.com
end of message, (c)DGAP 28.10.2004
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WKN: 513 840; ISIN: DE0005138408; Index: SDAX
Listed: Geregelter Markt in Frankfurt (Prime Standard); Freiverker in Berlin-
Bremen, Düsseldorf, Hamburg, Hannover, München und Stuttgart
280854 Okt 04
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