AND Releases Half Year Commercial Update

Capelle aan den Ijssel, Netherlands – 11 September 2019:

As a result of new leadership and management changes, AND’s transition to become a significant content provider and location-based services operator; focused mostly on safety and sustainability, is progressing well.

AND Chief Executive Officer Thierry Jaccoud said: “As we have indicated in the 2019 outlook, included in the press-release of 28 March 2019 and confirmed during the Annual General Meeting of Shareholders in May this year, 2019 is going to be a transition year for AND. We have started developing structure and content to support our new direction to become a provider of location-aware content that fosters a safer, more sustainable world. Initial discussions with our long-standing customers and new prospects indicate that there is a developing need for such highly tailored content. As part of our internal transformation program; which addresses a stronger product portfolio, we have been hiring new key talents in our office in Capelle a/d IJssel to support the development of this content as well as new APIs. This first half year of 2019, we re-establish our map production operations, significantly improving its efficiency by engaging with an external partner.”

In June, AND completed and delivered another full HD Map to a subsidiary of a large European Automotive OEM, while continuing to improve the maturity of the MapFusion technology.

The TalkingMaps project, announced in 2018, which aims with MapFusion technology to automatically improve, update and enrich map and location-content, has passed first milestones this half year, and will continue in supporting the development of AND’s MapFusion technology further in the years to come.

In July, AND re-launched its website , showing the new logo, design and direction the company is taking to a larger audience. The refreshed design has been taken positively by the community. AND will continue developing its website as an additional digital channel via which AND’s content can be discovered and purchased.

The collaboration with DDS (Digital Data Services GmbH) in Germany is progressing well. Parties have agreed, as a first step, to jointly create and update the school database of Germany, used mainly by marketing companies to control their advertising.