“Mining companies worldwide strive to improve safety, lower production costs, and increase overall productivity. Moreover, environmental legislation and rising safety standards present great challenges in many countries. Widespread deployment of Voltabox battery systems is therefore a game-changer,” said Klaus Dieter Frers, founder and CEO of paragon AG. “We are delighted to say that this partnership will enable us to set a major milestone in our company’s history.”

“As an essential partner to the mining industry, we are always looking at new ways to help customers lower their total cost of operations and safely optimize performance,” said Peter Salditt, president of underground mining for Joy Global. “Working with Voltabox on these new systems is another step forward for our wide range of products.”

During the first stage of this strategic partnership, Voltabox will develop smart battery systems for use in some of the company’s underground mining equipment. The benefits of lithium-ion technology, coupled with advanced energy system design, active thermal regulation and smart battery management, will give this equipment performance and cost advantages not achievable with any other drive technology currently available on the market.