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EQS-News: JOST Werke SE / Key word(s): Agreement/Financing
JOST strengthens strategic partnership with Aitonomi AG
2024-05-13 / 10:00 CET/CEST
The issuer is solely responsible for the content of this announcement.
JOST strengthens strategic partnership with Aitonomi AG

Neu-Isenburg, May 13, 2024 - JOST Werke SE ("JOST"), a leading global producer and supplier of safety-critical systems
for the commercial vehicle industry, strengthens its strategic partnership with the start-up company Aitonomi AG
("Aitonomi"), promoting the further development of innovative solutions for technological transformation in the
transport and logistics industry.
Aitonomi, a start-up founded in 2014 and based in Switzerland, develops autopilot technology for navigating commercial
vehicles with a payload of up to 55 tons. In addition to autopilot systems, Aitonomi develops various software
components and interfaces for the efficient integration of commercial vehicles into complex logistics processes.
Aitonomi's products include autonomously driving electric trucks with smart semi-trailers as well as autonomously
driving delivery robots with a payload of up to 35 kg.
JOST and Aitonomi are already cooperating on the integration of JOST's automatic comfort coupling system (KKS) and JOST
steering and axle systems with Aitonomi's AutoPilot, developing fully autonomous transport solutions for depots and
port terminals which are already proving themselves in use successfully.
The partnership has now been further strengthened: With a convertible loan in the single-digit million range, JOST is
contributing significantly to the corporate financing of Aitonomi. JOST is thus supporting Aitonomi in the
implementation of its strategic growth targets, further deepening the strategic partnership the two companies have
already begun.
Joachim Dürr, CEO of JOST Werke SE, says: "We see great market potential in the cooperation and joint development with
Aitonomi to further drive the technological transformation in the transport industry. The increasing global demand for
automation offers JOST and Aitonomi great opportunities to jointly develop new, intelligent solutions and systems that
will combine fully autonomous, electrically powered transportation systems with artificial intelligence and robotics.
JOST has therefore decided to invest in a strategic and financial partnership with Aitonomi to support joint research
projects in order to seize these opportunities."
The co-founders of Aitonomi Torsten Scholl (CEO) and Xenia Scholl (COO) say: "We are looking forward to working with an
experienced and established company like JOST that knows the commercial vehicle industry and understands the needs of
its customers so well. The convertible loan will support us in the implementation and scaling of our future projects."

Contact:
JOST Werke SE
Romy Acosta
Head of Investor Relations
T: +49 6102 295-379
romy.acosta@jost-world.com

About Aitonomi:
Aitonomi develops autonomous, electrically powered transport systems with a load capacity of up to 55 tons for outdoor
and indoor areas. The proprietary AutoPilot technology is integrated into logistics processes via numerous interfaces.
In 2022, the company presented one of the world's largest articulated trucks for pallet transportation. The Swiss
Aitonomi AG Group includes the German TeleRetail GmbH, which is one of the world's leading developers of self-driving
transport robots for outdoor use according to a 2020 study by CB Insights. For more information about JOST, please
visit www.aitonomi.com

About JOST:
JOST is a leading global manufacturer and supplier of safety-relevant systems for the commercial vehicle industry with
its core brands JOST, ROCKINGER, TRIDEC and Quicke. JOST's global leadership position is driven by the strength of its
brands, its long-standing client relationships serviced through its global distribution network, and its efficient and
asset-light business model. With sales and production facilities in over 25 countries across six continents, JOST
serves manufacturers, dealers and end customers in the transportation, agriculture and construction industries
worldwide. JOST currently employs more than 4,500 staff across the world and is listed on the Frankfurt Stock Exchange.
For more information about JOST, please visit www.jost-world.com


2024-05-13 CET/CEST Dissemination of a Corporate News, transmitted by EQS News - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
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Archive at www.eqs-news.com  
Language:     English 
Company:      JOST Werke SE 

Siemensstraße 2
63263 Neu-Isenburg
Germany

Phone:        +49 6102 2950 
Fax:          +49 (0)6102 295-298 
E-mail:       ir@jost-world.com 
Internet:     www.jost-world.com 
ISIN:         DE000JST4000 
WKN:          JST400 
Indices:      SDAX 
Listed:       Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, 

Munich, Stuttgart, Tradegate Exchange
EQS News ID: 1900913

End of News EQS News Service
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1900913 2024-05-13 CET/CEST

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END) Dow Jones Newswires

May 13, 2024 04:00 ET (08:00 GMT)