JOST strengthens strategic partnership with Aitonomi AG

EQS-News: JOST Werke SE / Key word(s): Agreement/Financing
JOST strengthens strategic partnership with Aitonomi AG

13.05.2024 / 10:00 CET/CEST
The issuer is solely responsible for the content of this announcement.

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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


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13.05.2024 CET/CEST Dissemination of a Corporate News, transmitted by EQS
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   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 13.05.2024 CET/CEST