Gelsenkirchen, 20 July 2007. Masterflex Brennstoffzellentechnik GmbH, a subsidiary of Masterflex AG, which is listed on the stock exchange (ISIN DE0005492938), has received a major order for 14,000 electric bicycles via its majority-owned subsidiary CAB, Berlin.
This clearly positions the company as a technology leader for the manufacture of key products for electric bicycle drives. This year, Masterflex AG already introduced the ready-for-production Cargobike transportation vehicle with an innovative, stable fuel cell drive.
The new order is the largest Masterflex AG has ever received. The Board of Executive Directors firmly believes this to be a crucial step for Masterflex AG towards opening up the market for light mobile vehicles.