Bouygues : Construction, Colas and Bouygues Telecom invest in the start-up Geoflex

Geoflex, a recognized player in hypergeolocation by satellites supported by the French Space Agency CNES, is accelerating its development with a €6 million series A financing, and welcomes Bouygues, Stellantis Ventures and Thales to its capital alongside Demeter IM, its historical investor.

Throughout this new funding round, Geoflex confirms its ambition to become a key world

player in the field of New Mobilities, Construction 4.0, and Newspace.

Geoflex, a pioneer in hypergeolocation services by satellites, has successfully completed a new financing round of €6 million to accelerate its commercial developments and strengthen its production facilities, having demonstrated in various environments its technological capabilities based on the PPP- CNES©/Geoflex technology (PPP standing for Precise Point Positioning).

This financing round was carried out with the decisive support of Bouygues (Bouygues Telecom, Colas and Bouygues Construction), Stellantis and Thales, acting through their respective corporate venture entities, joining Demeter IM that has been a shareholder in the company since 2018.

The investment in Geoflex by these three major global groups with leadership positions in their markets illustrates the strategic importance of the Geoflex' solutions at the heart of today's challenges: new mobility, environment, technological disruptive changes, and cyber security.

In fact, the hypergeolocation developed by Geoflex makes it possible to promote:

• The emergence of new mobilities in the field of transportation:

1. Road for location-based services, lane level navigation, information sharing between vehicles, pedestrian, and infrastructure (V2X), better driving assistance systems,

autonomous driving, etc. ;

1. Rail for better passenger information, driving assistance services, precise and safe

positioning on board the trains to drastically lighten the ground infrastructure used for train localization, enable moving block circulation, etc. ;

1. Or airborne for air traffic control of drones, flying taxis (VTOL), etc. ;

• The development of precision agriculture for hypergeolocated spreading of plant protection products, mechanical treatment of weeds, etc. ;
• The dronification of activities with a special focus on robotics for construction or last-mile delivery, etc. ;
• The correct positioning of people and objects (Internet of Things/Positioning of Things), in complete safety, with harmonious interactions ;
• Accurate and reliable positioning, resistant to jamming and spoofing, to certify data or actions for double authentication through accurate positioning and time stamping, traceability of field operations, etc.

After numerous proofs of concept, top awards all over the world (CES Award in 2019 and 2022, Dubai World Challenge for Self-Driving Transportation, Spring 50 Paris-Saclay, Software République, etc.), and integration assistance programs with recognized players (Loc4Rail with SNCF French Railways etc.), Geoflex is now structuring its activities to become the world leader in satellite-based hypergeolocation.

By offering precision, safety, continuity of operation, and resilience to jamming and spoofing, Geoflex augments GNSS (Global Navigation Satellites Systems - American GPS, Russian GLONASS, Chinese BEIDOU, and European GALILEO), in a very simple and accessible way, for the benefit of all applicative or technological integrators. Geoflex broadcasts a standardized GNSS corrections data stream usable by all GNSS receivers, regardless of their brand.

Today, Geoflex is the only GNSS augmentation service operator, neutral and agnostic of downstream application chains, capable of augmenting the GNSS accuracy from few meters down to few centimeters, anywhere in the world, on land, at sea and in the air, up to 25,000 km of altitude. The Geoflex solutions enable real-time and post-processing precise positioning of any objects, directly on the objects in the field, or in the Cloud, correcting the measurements of all GNSS receivers to augment their positioning and timing accuracy.

This capability is based on the PPP-CNES©/Geoflex technology, a unique and patented core technology developed by CNES since more than 12 years, strengthened, industrialized and operated by Geoflex that commercialize it on various downstream markets via subscriptions.

This fundraising will enable Geoflex to consolidate its technological and industrial assets in order to deliver its solutions to its integrators and to develop its customer base worldwide.

"Hypergeolocation solutions will soon transform our
activities and the daily lives of our customers. Within
the framework of the start-up investment initiatives	Edward BOUYGUES
of Bouygues Construction, Colas and Bouygues
Telecom, we are pleased to be able to support the	Deputy CEO Telecoms Development,
continued growth of Geoflex, a player recognized for	CSR and Innovation
its know-how and expertise in the sector. We also
look forward to working with Geoflex to transform
our businesses and the services we provide our
customers."

	"We are proud to support the development of
Philippe KERYER	Geoflex, a promising company that has developed
one of the most powerful Precise Point Positioning
Executive Vice President Strategy,	capabilities in the world. This investment will allow
to leverage the combined skills of Geoflex and
Research and Technology, Thales
Thales to accelerate the development of high-
	precision navigation and hypergeolocation
	services."

We are very excited to partner with Geoflex, whose

unique technology will help shape the future of

Adam BAZIH

mobility and make a real difference for our customers.

Highly accurate positioning is the basis for intelligentHead of Stellantis Ventures vehicles and will create a new standard for safe

location as well as enable advanced V2X services and

ADAS systems on autonomous vehicles.

"CNES, the French Space Agency, has been developing the PPP-
CNES© Technology for over 15 years, based on its expertise in
navigation and orbitography, demonstrating since 2007 integer	Philippe BAPTISTE
ambiguity resolution, which is the key for achieving the highest
GNSS accuracy with real-time Precise Point Positioning (PPP)	President of CNES
corrections. We have been supporting Geoflex for years now
and are proud to be part of this new era, which will see Geoflex
become a worldwide leader in Hypergeolocation services."

"We have been early believers in Geoflex's technology potential,

and we are delighted to welcome these 3 international groups

Olivier BORDELANNE

for the next development stages of the company. With their

Partner - Demeter IMsupport, we are convinced that Geoflex is ready to become a worldwide leader of the hypergeolocation in sectors as varied as

mobility, construction, space, location-based services or

agriculture."

"I am delighted to be entering today in the commercial roll-out and scale-up phase of the business, having completed the first stage of implementation and demonstration of the PPP- CNES©/Geoflex Technology.

This fundraising and the arrival of these new shareholders	Romain LEGROS
validate the Geoflex's vision, in terms of technology, but also
regarding our strategy and business model.	CEO and Founder of Geoflex
A huge thank you to all the employees and partners involved for
all their work. The world is changing and we are going to make
a positive contribution to it.
Hypergeolocation Everywhere ! "

About Geoflex(www.geoflex.xyz)

Geoflex is operator of new GNSS augmentation services (Global Navigation Satellite Systems - GPS, GLONASS, BEIDOU and GALILEO) based on a disruptive technology developed by CNES (The French Space Agency), allowing absolute positioning down to 4 cm, in real time, anywhere in the world, on land, at sea and in the air up to 25,000 km of altitude, in a very simple way, with only one receiver and without the need for a permanent GNSS station nearby the end user. Accuracy, integrity, continuity of operation and resilience for location and time stamping are key elements to digitize the real world (geospatial) as a support for the automation of activities such as transport (road, rail, sea and river, air), smart cities (construction) and precision agriculture.

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About Bouygues

Bouygues is a diversified services group operating in over 80 countries with 196,000 employees all working to make life better every day. Its business activities in construction (Bouygues Construction, Bouygues Immobilier, Colas), energies & services (Equans), media (TF1) and telecoms (Bouygues Telecom) are able to drive growth since they all satisfy constantly changing and essential needs.

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About Thales

Thales is a global leader in advanced technologies, investing in digital and "deep tech" innovations - connectivity, big data, artificial intelligence, cybersecurity and quantum technologies - to build a confident future crucial for the development of our societies. The Group provides its customers - businesses, organizations and governments - in the defense, aeronautics, space, transport, and digital identity and security domains with solutions, services and products that help them fulfil their critical role, consideration for the individual being the driving force behind all decisions.

Thales has 77,000 employees in 68 countries. In 2022, the Group generated sales of €17.6 billion.

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About Stellantis

Stellantis N.V. (NYSE: STLA / Euronext Milan: STLAM / Euronext Paris: STLAP) is one of the world's leading automakers and a mobility provider. Its storied and iconic brands embody the passion of their visionary founders and today's customers in their innovative products and services, including Abarth, Alfa Romeo, Chrysler, Citroën, Dodge, DS Automobiles, Fiat, Jeep®, Lancia, Maserati, Opel, Peugeot, Ram, Vauxhall, Free2move and Leasys. Powered by our diversity, we lead the way the world moves - aspiring to become the greatest sustainable mobility tech company, not the biggest, while creating added value for all stakeholders as well as the communities in which it operates. For more information, visit www.stellantis.com.

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