FORTEC Group wins another contract worth millions in the defence market

EQS-News: FORTEC Elektronik Aktiengesellschaft / Key word(s): Incoming
Orders/Incoming Orders
FORTEC Group wins another contract worth millions in the defence market

03.07.2024 / 15:59 CET/CEST
The issuer is solely responsible for the content of this announcement.

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FORTEC Group wins another contract worth millions
in the defence market

FORTEC Power GmbH (formerly Emtron GmbH), a subsidiary of the stock
exchange-listed FORTEC Elektronik AG has received a large contract for DC/DC
converters and EMC filters from a renowned manufacturer for defence
solutions. The contract value is in the mid-single-digit million euro range.

Product production has already started and the contract runs to the third
quarter of 2025.

With this order, the FORTEC Group has secured significant business in the
defence sector. Furthermore, FORTEC foresees further orders and new projects
in this sector with customers who have demanding requirements for power
electronics.

The special DC/DC converters and EMC filters from FORTEC Power GmbH are some
of the most reliable products in the sector. The FORTEC Group has a
comprehensive range in the power electronics sector with products that are
developed and produced in-house, along with those produced by cooperation
partners.

Sandra Maile, CEO of FORTEC Elektronik AG, comments: "I would like to
congratulate our competent team at FORTEC Power on another contract worth
millions in the defence sector. This contract confirms that our strategic
orientation with robust, efficient and cost-effective solutions in the range
for our target markets of transportation, medical and defence with high
requirements is right and is valued by our customers."

Sandra Maile

Chair of the Management Board

FORTEC Elektronik AG | Augsburger Str. 2b | 82110 Germering | Germany
Phone: +49 89 894450 232

aktie@fortecag.de | www.fortecag.de

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FORTEC Elektronik AG (ISIN Share: DE0005774103, WKN: 577410), based in
Germering, Germany, was founded in 1984 as an international distributor of
standard solutions in the field of power supplies, embedded systems and
displays. In addition, the FORTEC Group today offers customer-specific
developments and complete system developments. Since April 2020, FORTEC
Elektronik AG has been the holding company responsible for management of the
affiliated companies, group strategy and essential parts of the
administration. FORTEC Elektronik AG has subsidiaries in Germany,
Switzerland, the UK and the USA.

For better legibility, the generic masculine form is used in the text. Of
course, all genders are referred to equally without any intent to
discriminate.


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03.07.2024 CET/CEST Dissemination of a Corporate News, transmitted by EQS
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The issuer is solely responsible for the content of this announcement.

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   Language:       English
   Company:        FORTEC Elektronik Aktiengesellschaft
                   Augsburger Str. 2b
                   82110 Germering
                   Germany
   Phone:          +49 (0)89 89 44 50 0
   Fax:            +49 (0)89 89 44 50 123
   E-mail:         aktie@fortecag.de
   Internet:       www.fortecag.de
   ISIN:           DE0005774103
   WKN:            577410
   Listed:         Regulated Market in Frankfurt (Prime Standard);
                   Regulated Unofficial Market in Berlin, Dusseldorf,
                   Hamburg, Munich, Stuttgart, Tradegate Exchange
   EQS News ID:    1939187

End of News EQS News Service
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1939187 03.07.2024 CET/CEST