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SCHWEIZER Receives Future Prize from Ewald Marquardt Private Foundation for p² Pack Embedding Technology

EQS-News: Schweizer Electronic AG / Key word(s): Market Report/Miscellaneous SCHWEIZER Receives Future Prize from Ewald Marquardt Private Foundation for p² Pack Embedding Technology (news with additional features) 10.05.2024 / 10:45 CET/CEST The issuer is solely responsible for the content of this announcement. SCHWEIZER Receives Future Prize from Ewald Marquardt Private Foundation for p² Pack Embedding Technology

Schramberg, Germany, May 10, 2024: As the number of electric vehicles increases, so do the demands on electrical power management in vehicles. To make power generation and engine operation more efficient, Schweizer Electronic AG's p² Pack technology offers a long-term and sustainable solution to better convert and even recover the energy generated. This groundbreaking and important development was awarded the Future Prize by the Ewald Marquardt Private Foundation last week.

The primary goal of the Future Prize of the Ewald Marquardt Private Foundation is to promote the knowledge base, designs and results of such developments and their industrial application, as well as to provide new impetus with promising ideas. With its p² Pack embedding technology, a team from Schweizer Electronic AG was able to convince the jury from more than 40 submissions with just such an innovation: when a car with built-in p² Pack technology brakes, energy can be recovered to an unprecedented extent and fed back into the battery. This energy can then be used to accelerate the car electrically. This saves fuel in city traffic, for example, and actively reduces CO_² consumption - a benefit for our future, the environment and society.

Prof. Hans-Jörg Bullinger, chairman of the jury of the Ewald Marquardt Private Foundation and former president of the Fraunhofer Society, and Mrs. Margaret Marquardt, widow of the founder Ewald Marquardt, who died in January 2022, and member of the board of the Ewald Marquardt Private Foundation, presented the special prize of the Future Prize 2023 of the Ewald Marquardt Private Foundation to the representatives of Schweizer Electronic AG Schramberg, Mr. Thomas Gottwald and Mr. Alexander Neumann. Mr. Gottwald and Mr. Neumann accepted, the special prize of the Future Prize 2023 of the Private Foundation Ewald Marquardt, endowed with € 5,000, for their project last Friday, May 2, 2024. The Future Prize was awarded for the ninth time at the foundation's headquarters in Rietheim-Weilheim.