Voltabox and INOMO Partner to Produce Outdoor Container Energy Storage Systems

• Start of production in spring 2024
• Manufacturing of high-voltage outdoor industrial storage systems from 200 kWh – focus on commercial customers from all industries and sectors
• Cooperation partners will use existing hard- and software – Voltabox high-voltage modules to be combined with innovative INOMO platform

Paderborn/Chemnitz, Germany, October 24, 2023 – Voltabox AG ["Voltabox" or the "Company"; ISIN DE000A2E4LE9], a leading manufacturer of battery solutions and energy storage systems, has announced a strategic cooperation agreement with INOMO, a renowned provider of innovative energy storage solutions. The two companies are in the advanced stages of planning the construction of a state-of-the-art production line that will manufacture industrial-grade Energy Storage containers for outdoor use. Voltabox will contribute its extensive expertise in the field of high-voltage battery systems as well as many years of production experience in the industrial environment. Voltabox high-voltage modules are combined with the INOMO product platform, which consists of both hardware and software solutions, and the INOMO energy management system to create high-performance stationary storage units.

The partnership is one cornerstone of Voltabox’ strategy to develop the stationary energy storage market. In the future, the company will be able to offer not only Energy Storage Solutions from partners with standardized sizes and energy contents, but also flexibly scalable stationary storage systems that can be individually tailored to customer requirements.

The production facility for Energy Storage Units will be equipped with the necessary equipment by the beginning of 2024. The cooperation partners plan to begin manufacturing battery storage units for outdoor use in the first quarter. This offers commercial customers the opportunity to make their energy supply more sustainable and independent, for example by storing renewable energy. The use of on-site storage solutions can therefore optimize energy efficiency and reduce costs.

"The cooperation with INOMO is an important step for Voltabox to strengthen and expand our positioning and offering in the market for customized stationary Energy Storage Solutions. We see this as an excellent opportunity to rapidly implement our strategy to expand our product offering in the Voltastore business unit with standardized and flexibly scalable Energy Storage Solutions. We are seeing a significant increase in demand from our customers for corresponding stationary Energy Storage Solutions in order to secure their own energy supply," said Patrick Zabel, CEO of Voltabox, commenting on the cooperation with INOMO. "I look forward to working with our partner to develop innovative solutions that offer our customers real added value for our customers in terms of energy efficiency and flexibility."

Thomas Kubbe, Head of Business Unit Energy at INOMO adds, "INOMO is proud to partner with Voltabox and together usher in a new era of Energy Storage Solutions for commercial customers. We believe that by combining our expertise and resources, we’ll be able to find tailor-made answers to our customers' challenges while providing sustainable solutions."

By focusing on the production of our own Energy Storage containers, the cooperation partners are targeting commercial and industrial customers. The production design will be such that it is possible to manufacture high quality, customized storage solutions from 200 kWh.

Voltabox will intensively promote its extended range of stationary storage solutions in the market through its own projects and sales. In addition, synergies will also be leveraged in the future through the product offering of the GreenCluster subsidiary, whose sales team will be demonstrating to customers the benefits of combining products for infrastructural energy generation and storage. The offering will be complemented by the proven Voltabox service that includes rapid installation and ensures highest performance.

About Voltabox AG

Voltabox AG (ISIN DE000A2E4LE9), which is listed on the regulated market (Prime Standard) of the Frankfurt Stock Exchange, is a technology driven provider for e-mobility solutions in industrial applications. Its core business lies in intrinsically safe, highly developed high-performance lithium-ion battery systems that are modular and in serial production. The battery systems are primarily used in agricultural and construction machinery as well as in electric and hybrid-electric buses for public transportation. In addition, Voltabox is active in the field of infrastructural energy production and corresponding utilization models through its subsidiary GreenCluster GmbH. For more information, visit www.voltabox.ag.

About INOMO Technologies:

INOMO Technologies mission is to provide personalized hardware & software products and services related to energy storage solutions. The company builds on years of experience in manufacturing highly reliable Energy Storage Systems. Based on this, INOMO Technologies is driving the market for sustainable ecological electric mobility and connectivity with a focus on digital/data and energy products. You can find more information about INOMO at www.inomo-technologies.com.

Contact

Voltabox AG

Patrick Zabel (CEO)

Technologiepark 32

33100 Paderborn

Email: investor@voltabox.ag