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R. STAHL is taking measures to examine and to procure conformity of visual signalling devices of the product series 6161

·3-min read

R. Stahl AG / Key word(s): Miscellaneous
R. STAHL is taking measures to examine and to procure conformity of visual signalling devices of the product series 6161

06-Jul-2021 / 18:42 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

R. STAHL is taking measures to examine and to procure conformity of visual signalling devices of the product series 6161

Waldenburg, 6 July 2021 - The Executive Board of R. STAHL AG has initiated to examine a total of approx. 11,000 supplied visual signalling devices of the product series 6161 for conformity with technical safety requirements (ATEX regulations) and to take corrective measures to achieve compliance. In connection with a customer complaint, R. STAHL determined as part of its quality assurance management that the mentioned signalling devices may, in very rare cases, not fully comply with product safety regulatory requirements.

Tests have shown that, depending on the environmental influences, water can enter and subsequently cause a short circuit in the electronics. This affects the flash signalling devices with product number 6161/2-1* and the continuous signalling devices with product number 6161/3-1* each operated with 230 Volt. R. STAHL is not aware of any claims arising from this to date. R. STAHL will inform customers in due time and take further measures in coordination with the competent market surveillance authority. The costs for the upcoming examination of the signalling devices and the follow-up measures that may be required (conversion, replacement) cannot yet be quantified conclusively. The final costs will depend on whether compliance of the affected signalling devices will be achieved via replacement with a substitute product or via retrofitting, which is currently still subject to technical review. The Executive Board further assumes that the costs for installation and removal incurred in connection with these measures are covered by the insurance coverage of the existing liability insurance.


About R. STAHL - www.r-stahl.com
R. STAHL is the world's leading supplier of electrical and electronic products and systems for explosion protection. These products and systems prevent explosions in hazardous areas and contribute to the safety of people, machines and the environment. The portfolio ranges from products used in switching/distributing, installing, operating/monitoring, lighting and signalling/alarming up to automation. Typical customers are the oil & gas industry, the chemical and pharmaceutical industry and the food industry. In 2020, global sales amounting to about €247 million were generated by 1,690 employees. The shares of R. STAHL AG are traded on the Regulated Market/Prime Standard of Deutsche Boerse (ISIN DE000A1PHBB5).

Forward-looking statements
This release contains forward-looking statements based on assumptions and estimates of R. STAHL's management. Although we assume that the expectations of these forward-looking statements are realistic, we cannot guarantee that these expectations will prove to be correct. The assumptions may involve risks and uncertainties that could cause the actual results to differ materially from the forward-looking statements. Factors that may cause such discrepancies include: changes in the macroeconomic and business environment, exchange rate and interest rate fluctuations, the roll-out of competing products, a lack of acceptance of new products or services, and changes in business strategy. R. STAHL does not plan to update these forward-looking statements nor does it accept any obligation to do so.



Contact:
R. STAHL AG
Dr. Thomas Kornek
Senior Vice President Investor Relations & Corporate Communications
Am Bahnhof 30
74638 Waldenburg (Württ.)
Germany

06-Jul-2021 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de

Language:

English

Company:

R. Stahl AG

Am Bahnhof 30

74638 Waldenburg

Germany

Phone:

+49 (7942) 943-0

Fax:

+49 (7942) 943-4333

E-mail:

investornews@stahl.de

Internet:

www.r-stahl.com

ISIN:

DE000A1PHBB5

WKN:

A1PHBB

Listed:

Regulated Market in Frankfurt (Prime Standard), Stuttgart; Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich, Tradegate Exchange

EQS News ID:

1215889


 

End of Announcement

DGAP News Service

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