Manz And Adidas Sign Cooperation Deal - Quick Facts

Manz AG (MANZF.PK) said that it has signed a cooperation agreement with adidas AG in connection with the adidas "Speedfactory" initiative.

In connection with the partnership, the technology will be implemented in so-called "Speedfactories," first in Germany and the USA, and ultimately worldwide. In these "Speedfactories", shoes will be produced locally in the target markets in the future. This collaboration with a leading company in the sporting goods industry and the transition of a newly developed technology from pilot production to series production underscores Manz AG's capability to develop innovative solutions for demanding customers from a wide variety of industries.

In the future local shoe production in "Speedfactories" will enable adidas to manufacture shoes at the consumer's location, in a customized, resource-friendly and cost-effective way.

The global development of automated production according to individual customer requests in the regional target markets is to be implemented in several steps by 2020. The collaboration will have the relevant effects on the revenue and earnings position of Manz AG starting in the coming fiscal year - effects that will increase as the project progresses.

At the same time, the cooperation will allow Manz to continue to diversify its own
business model with respect to customers, industries and regions.

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