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    BWQ   DE000A0M93V6

ADVANCED BLOCKCHAIN AG

(BWQ)
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PRESS RELEASE : Advanced Blockchain AG: Portfolio company peaq becomes first blockchain company to join Automotive Industry Association

05/06/2021 | 04:39am EDT
DGAP-News: Advanced Blockchain AG / Key word(s): Cryptocurrency / Blockchain/Expansion 
Advanced Blockchain AG: Portfolio company peaq becomes first blockchain company to join Automotive Industry Association 
2021-05-06 / 10:37 
The issuer is solely responsible for the content of this announcement. 
=---------------------------------------------------------------------------------------------------------------------- 
Since April 2021, peaq Technology GmbH, a portfolio company of Advanced Blockchain AG (Frankfurt, Primary Market 
Düsseldorf, XETRA: ISIN DE000A0M93V6) is a member of the Automotive Industry Association. peaq's core concern is to 
contribute to the success of e-mobility in Germany as part of the association. peaq strives for an open and 
manufacturer-independent ecosystem to optimize the charging and payment process for e-cars. 
 
The Berlin-based company peaq, founded in 2017, is the first blockchain software development company to become a member 
of the Automotive Industry Association (VDA). The core objective of peaq is to support the VDA in its goals of making 
mobility even safer, more efficient, more comfortable, and more environmentally and climate friendly, and to make a 
significant contribution to the future of mobility. The young company is convinced that these goals can only be 
achieved through the involvement and cooperation of stakeholders from business, politics and society rather than by 
means of proprietary solutions. In this context, the Berlin-based company wants to contribute to the digital 
transformation of the German automotive industry as part of its membership. 
 
One focus of peaq is the question of how Distributed Ledger Technology (DLT) can best be used in mobility. The team of 
peaq CEO Till Wendler contributes its know-how from over four years of developing decentralized infrastructures. A 
platform infrastructure on which companies can build and connect their products, technologies and markets in a secure 
and trustworthy way. 
 
"We are very proud to be the first blockchain software development company to work on the future of mobility as part of 
the leading association of German car manufacturers," says Till Wendler, CEO at peaq. "Currently, there are too many 
hurdles that slow down e-mobility and unsettle consumers. In particular, the charging and payment process is still 
fragmented, complicated and non-transparent.  We firmly believe that this challenge can be solved via an open and 
manufacturer-independent ecosystem. Here, we would like to work closely with the manufacturers in the automotive 
industry as well as with the relevant players from politics and society." 
 
peaq has been working with a major German automotive group for 3 years on a decentralized platform for electromobility 
that simplifies charging & payment processes for e-cars many times over and is an extension of the existing Plug&Charge 
standard. After registration on the decentralized platform, each car and each charging station receives its own 
sovereign identity, which exists on peaq's Distributed Ledger Technology (DLT). Based on the sovereign identity, the 
electric car can authenticate itself at the charging pole. If this is successful, the charging process can begin. 
During the charging process, the energy that flows is precisely controlled - the charging station then bills 
accurately. In the future, payment at the charging station can thus take place peer-to-peer - in other words, as an 
uncomplicated, fast and, above all, secure process. With the use of the new technology and the resulting decentralized 
infrastructure, the previous problems can be solved, and a charging network established that meets the needs of the 
market and society. This will require a change in thinking: Instead of proprietary solutions, which have dominated up 
to now, cooperative ventures, also across manufacturers, are imperative. 
 
Further information about Advanced Blockchain AG and peaq can be found at their respective websites, https:// 
www.advancedblockchain.com/ and https://www.peaq.io/. 
=---------------------------------------------------------------------------------------------------------------------- 
2021-05-06 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG. 
The issuer is solely responsible for the content of this announcement. 
The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. 
Archive at www.dgap.de 
=---------------------------------------------------------------------------------------------------------------------- 
Language:     English 
Company:      Advanced Blockchain AG 
              Scharnhorststraße 24 
              10115 Berlin 
              Germany 
Phone:        +4930403669510 
Fax:          030403669511 
E-mail:       info@advancedblockchain.com 
Internet:     www.advancedblockchain.com 
ISIN:         DE000A0M93V6 
WKN:          A0M93V 
Listed:       Regulated Unofficial Market in Berlin, Dusseldorf (Primärmarkt), Frankfurt, Munich, Stuttgart, Tradegate 
              Exchange 
EQS News ID:  1193434 
 
End of News   DGAP News Service 
=------------ 

1193434 2021-05-06

 
Image link: 
https://eqs-cockpit.com/cgi-bin/fncls.ssp?fn=show_t_gif&application_id=1193434&application_name=news 
 

(END) Dow Jones Newswires

May 06, 2021 04:38 ET (08:38 GMT)

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Managers and Directors
NameTitle
Michael Geike Chief Executive Officer
Martin Rubensd÷rffer Chairman-Supervisory Board
Michael Ganser Member-Supervisory Board
Marek Kotewicz Deputy Chairman-Supervisory Board
Olav Sorenson Member-Supervisory Board
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