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The licence awardedcomprising an entryfee plus royalties on future sales for the next 20 years
HERICOURT, FRANCE - EQS - 16 October 2018 - GAUSSIN Manugistique(EURONEXT GROWTH FR0010342329) has announced a 20-yearexclusive licensing contract set to last until 2038 with the land systems armof ST Engineering, a global technology, defence and engineering company listedon the SGX, to manufacture, promote, distribute and market the PERFORMANCE®ultra-fast charge FULL ELEC AGV in Singapore.
PERFORMANCE ULTRA-FAST CHARGE FULL ELEC AGV
ThePERFORMANCE® ultra-fast charge FULL ELEC AGV in operation since March 2018 in aSingapore container terminal
1. The PERFORMANCE® ultra-fast charge FULL ELEC AGV: GAUSSIN's 70-tonne automated big robot
InMay 2016 (see press release dated 11 May2016), Groupe GAUSSIN received an order from a Singapore port operator fortwo FULL ELEC AGVs. The order was issued as part of an initial call for tendersfor the Singapore port automation programme.
ThePERFORMANCE FULL ELEC AGVs were designed and produced under a co-developmentagreement between GAUSSIN and the local port authority that includes shipmentof the vehicles plus three fast charge FULL ELEC PowerPacks and their deliveryin March 2018. This key milestone culminated in a Certificate of FinalCompletion (SAT) marking the final validation of the two vehicles. While thetests were underway in Singapore, GAUSSIN field experts provided comprehensivetraining on site.
2. The licensing business model gets the go-ahead
Thelicence awarded to ST Engineering's Land Systems arm, comprising an entry feeplus royalties on future sales, involves the Ultra-Fast Charge PERFORMANCE® AGVfor Singapore. This licence includes know-how, patents and software developedover the past several years by GAUSSIN and will form part of the Group's SmartMobility offerings for the industrial and manufacturing industries.
Thislicensing contract validates Groupe GAUSSIN's know-how and patents on advancedtechnologies in reliable, robust heavy-duty automated electric vehicles.
Thismodel also confirms the interest shown by major international industrial groupsin the technologies developed by Gaussin for its new product lines aimed at theshipping, airport, logistics and industrial sectors.
3. Gaussin and ST Engineering a winning Team
"The joining of forces of Gaussin and STEngineering allows for a perfect match extends our suite of automationsolutions to customers by capitalizing on Gaussin's disruptive technology andbuilding on ST Engineering's engineering capabilities and global network"said William Lee, SVP/GM, Logistics Automation, Robotics and Autonomous SystemsBusiness, ST Engineering.
ChristopheGaussin, CEO and Chairman, commented "Thesignature of this licence agreement allows us to up the scales for thecommercialization of our AGVs while ensuring a long term promise to the market".Both teams have begun working together with enthusiasm and additional drive forrobotics and artificial intelligence.
Upcoming events:
MONDIAL TECH Parisfrom 4 to 14 October
Airport Solutions Dubai on 8 October2018
ITAP IndustrialTransformation Asia-Pacific on 16 to 18 October 2018
About GAUSSIN
GAUSSINMANUGISTIQUE® specialises in auditing handling processes and producing wheeledsystems for loading and transporting heavy, bulky or delicate goods. With morethan 50,000 handling vehicles worldwide, GAUSSIN Manugistique enjoys a strongreputation in four rapidly growing markets: Energy, Transportation, Environmentand Raw Materials. GAUSSIN MANUGISTIQUE® has been listed on Euronext GrowthParis since 16 June 2010. Since 20 July 2012, GAUSSIN shares have been listedon the E2 quotation group (Public Offering), since obtaining AMF Approval no.12 -360 dated 17/07/12 on the Prospectus, available free of charge on www.gaussin.com.
About ST Engineering
ST Engineering is aglobal technology, defence and engineering group specialising in the aerospace,electronics, land systems and marine sectors. The Group employs about 22,000people across offices in Asia, the Americas, Europe and the Middle East,serving customers in the defence, government and commercial segments in morethan 100 countries. With more than 500 smart city projects across 70 cities inits track record, the Group continues to help transform cities through itssuite of Smart Mobility, Smart Security and Smart Environment solutions.Headquartered in Singapore, ST Engineering reported revenue of S$6.62b inFY2017 and it ranks among the largest companies listed on the SingaporeExchange. It is a component stock of the FTSE Straits Times Index, MSCISingapore, SGX ESG Transparency Index and SGX ESG Leaders Index. For moreinformation, visit www.stengg.com.*
Find out more about GAUSSIN at www.gaussin.com
