Enapter AG: Strategy adjustment through new partner model

EQS-Ad-hoc: Enapter AG / Key word(s): Miscellaneous
Enapter AG: Strategy adjustment through new partner model

31-May-2024 / 10:15 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation
(EU) No 596/2014, transmitted by EQS News - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

---------------------------------------------------------------------------

Publication of inside information pursuant to Article 17 of Regulation (EU)
No 596/2014

Enapter AG: Strategy adjustment through new partner model

  * Partners will be able to build and market their own electrolyzers with
    AEM stacks from Enapter in the future

  * Enapter focuses on stack construction at the Pisa plant through
    partnership with Chinese Wolong Group and will lease hall and office
    space in Saerbeck

Hamburg, 31. May 2024. Enapter AG (ISIN: DE000A255G02) is introducing an
adapted sales and production strategy. The focus will be on the so-called
stack, the patent-protected core of every AEM electrolyzer, which is
responsible for hydrogen production. Enapter will continue to produce its
own electrolysers with its joint venture partner Wolong and install its
stacks in these devices. At the same time, Enapter is expanding its range of
services and will in future also make the stacks available to industrial
partners (core partners), who can install Enapter's AEM hydrogen cores in
their own electrolysers and use the corresponding operating software.

To date, Enapter has independently produced the single-core devices of the
EL class as well as the devices of the multi-core class, in which up to 420
individual stacks are installed and which generate hydrogen in the megawatt
range. In future, the company will concentrate on the production of stacks
at its site in Pisa, Italy. With the strategy adjustment, the production and
assembly of all other systems (balance of plant) beyond the stack that are
required for an electrolyzer - including water tanks, pipe and line systems
and the housing - will be taken over by Chinese joint venture partner Wolong
Enapter Hydrogen Technologies Ltd (see press release dated 29.01.2024).
Wolong will supply the finished devices without the stack to Enapter.
Enapter will then equip them with the stacks and install the operating
software. This means that the core competence of stack production will
remain with Enapter. It is expected that the entire production of the EL
class will be outsourced to China from January 2025. The production
resources thus freed up in Pisa will be focused on the existing stack
production there. It is therefore to be expected that there will be no
expansion of production in Saerbeck in the short to medium term. In order to
generate further additional income, the hall and office space in Saerbeck
has been leased to third parties. The company expects annual income of
around EUR 2 million once the space is fully let. The contracts will be
structured in such a way that stack production can be taken up in Saerbeck
in the event of a significant increase in demand for additional production
capacity.

About Enapter

Enapter is an innovative energy technology company that manufactures highly
efficient hydrogen generators - so-called electrolysers - to replace fossil
fuels and thus drive the energy transition globally. The patented and proven
anion exchange membrane technology (AEM) enables the series and mass
production of cost-effective electrolysers for the production of green
hydrogen on any scale and almost anywhere in the world. The modular systems
are already being used by more than 340 customers in over 50 countries
worldwide, including in the energy, mobility, industrial, heating and
telecommunications sectors. The Enapter Group is headquartered in Germany
and has an R&D and production site in Italy.

Enapter AG is listed on the regulated market of the Frankfurt and Hamburg
stock exchanges, ISIN: DE000A255G02.

Further information:

Website: https://www.enapter.com
Twitter: https://twitter.com/Enapter
LinkedIn: https://www.linkedin.com/company/enapter
Facebook: https://www.facebook.com/enapterenergystorage
Instagram: https://www.instagram.com/enapter/


Contact financial and business press:

Ralf Droz / Doron Kaufmann
edicto GmbH
Phone: +49 (0) 69 90 55 05-54
E-mail: enapter@edicto.de


End of Inside Information

---------------------------------------------------------------------------

31-May-2024 CET/CEST The EQS Distribution Services include Regulatory
Announcements, Financial/Corporate News and Press Releases.
Archive at www.eqs-news.com

---------------------------------------------------------------------------

   Language:       English
   Company:        Enapter AG
                   Reinhardtstr. 35
                   10117 Berlin
                   Germany
   E-mail:         info@enapterag.de
   Internet:       www.enapterag.de
   ISIN:           DE000A255G02
   WKN:            A255G0
   Listed:         Regulated Market in Frankfurt (General Standard);
                   Regulated Unofficial Market in Berlin, Dusseldorf,
                   Hamburg, Munich, Stuttgart, Tradegate Exchange
   EQS News ID:    1915391

End of Announcement EQS News Service
---------------------------------------------------------------------------

1915391 31-May-2024 CET/CEST