STRATEGIC UPDATE ON QULECTRA

Today, we would like to share an important structural update regarding QULECTRA, previously operated by Wieland Group and Munich Electrification.

After a productive and mutually beneficial partnership, Wieland has transferred its shares in the joint venture to Munich Electrification.

What does this mean for our customers?

✅ Wieland will retain responsibility for the Q‑Basic and Q‑Basic Dual sensors.

Customers benefit from Wieland’s unrivaled expertise in shunt technology, gaining access to highly reliable, precision‑engineered shunt and shunt‑based current sensing solutions built on decades of metallurgical and manufacturing excellence.

✅ Munich Electrification will continue the Q‑Smart Light, Q‑Smart, and Q‑Smart Next sensor lines.

Customers of Munich Electrification will experience a streamlined portfolio under one brand, offering integrated smart sensor solutions for high‑precision and safety‑certified current sensing in advanced battery management systems.

We thank you for your trust and look forward to the new chapter.