Corporate | 25 August 2008 13:46
OHB Technology AG / Strategic Company Decision
Release of a Corporate News, transmitted by DGAP - a company of EquityStory
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The issuer / publisher is solely responsible for the content of this announcement.
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- New OHB subsidiary: KT Automotive GmbH spin-off with 23 employees and
sales of around EUR 7 million
- Realignment of global market leader for automotive crash test data
acquisition systems
Munich/Bremen, August 25, 2008. Kayser-Threde GmbH has spun off its
successful Automotive division to become an independent company, KT
Automotive GmbH. This step gives the Automotive activity more visibility,
autonomy, and flexibility within the OHB Group (Prime Standard, ISIN:
DE0005936124). KT Automotive GmbH develops, manufactures and sells data
acquisition systems for crash tests. With a market share of roughly 70 %,
the company is the leading supplier of corresponding hardware, software,
and services worldwide.
'The spin-off is of great importance to us since the new company has been
tailored to our customers’ needs and demands. We are now in a position to
place more emphasis on trend-setting technologies such as in-dummy
measurement and the related dummy-service', says Gerhard Haas, long-term
Director of the Automotive Division and now Managing Director of KT
Automotive GmbH.
Safety-relevant crash tests are carried out worldwide - and more than 80
customers use systems and solutions provided by Kayser-Threde. Customers
can be found wherever cars and safety-relevant accessories such as car
seats, seatbelts, and airbags are developed. While crash test simulation
helps shorten product development cycles drastically, it cannot replace
actual crash tests. Rising requirements for car safety and increased
automotive diversity lead to a continuous demand for new crash test data
acquisition systems.
About Kayser-Threde:
Founded in 1967, Kayser-Threde GmbH has a global customer base, including
the industry, space agencies, national governments, and scientific
institutions. Kayser-Threde offers the complete realization of a project to
its customers. The scope ranges from studies, analyses, and system design
to special developments, test procedures, production, implementation, and
operation and support. Because of the rigorous requirements in aerospace,
Kayser-Threde GmbH has established the highest quality standards, reflected
in the reliability of its products, system solutions, and processes.
Contact for investors Contact for the media:
and analysts:
Michael Vér Gerhard Haas
Investor Relations Managing Director, KT Automotive GmbH
Phone: +49 421 – 2020-727 Phone: +49 89 – 724 95-100
Fax: +49 421 – 2020-613 Fax: +49 89 – 724 95-474
E-mail: ver@ohb-technology.de www.kt-automotive.com
www.ohb-technology.de
25.08.2008 Financial News transmitted by DGAP
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Language: English
Issuer: OHB Technology AG
Karl-Ferdinand-Braun-Str. 8
28359 Bremen
Deutschland
Phone: +49 (0)421 2020 8
Fax: +49 (0)421 2020 613
E-mail: ir@ohb-technology.de
Internet: www.ohb-technology.de
ISIN: DE0005936124
WKN: 593612
Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr
in Berlin, München, Hamburg, Düsseldorf, Stuttgart
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