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MarketScreener Homepage  >  Equities  >  Euronext Growth Paris  >  GAUSSIN SA    ALGAU   FR0013495298

GAUSSIN SA

(ALGAU)
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GAUSSIN : announces the acquisition of 10 Bluebus 6-meter electric made by BLUEBUS, a subsidiary of the BOLLORE Group, to transform them into autonomous vehicles for on-road applicationsen

02/23/2021 | 05:18am EST

PRESS RELEASE

Héricourt, February 22nd 2021

GAUSSIN announces the acquisition of 10 Bluebus 6-meter electric made by BLUEBUS, a subsidiary of the BOLLORE Group, to transform them into autonomous vehicles for on-road applications

The Group also acquired the complete technology for autonomous driving, including source codes, from an automotive engineering giant to accelerate its development

GAUSSIN (ALGAU - FR0013495298), a pioneer in clean, intelligent and connected mobility for goods and people, announces the acquisition of 10 Bluebus 6-meter electric vehicles, the flagship vehicle of the BLUEBUS range, a subsidiary of the BOLLORE Group. GAUSSIN's objective is to transform the Bluebuses into autonomous vehicles for on-road applications that the group will market.

The Bluebus 6-meter is a passenger transport solution focused on safety, performance and respect for the environment. Marketed since 2012, it is currently operated in a manual version in more than 60 cities in 8 countries. With a capacity of 22 people, the BB6M carries 90 kW/h of batteries and can travel at speeds of up to 50 kph.

Video https://youtu.be/YqJdjkvyyVc

In September 2020, GAUSSIN had already announced the signature of an exclusive distribution agreement for the Bluebus 6-meter electric vehicle in the Middle East (Qatar, Turkey, United Arab Emirates, Oman, Kuwait, Bahrain and Israel) and a non-exclusive distribution agreement in the rest of the world, excluding France (see press release dated September 1, 2020).

The 6-meter Bluebus is equipped with LMP® batteries from Blue Solutions, also a subsidiary of the BOLLORE Group, which specializes in the manufacture of batteries. Produced by Blue Solutions in its plants in France and Canada, the LMP® batteries are the result of a unique "all-solid lithium metal"technology that provides a very high level of safety, without thermal runaway, and the ability to withstand extreme outdoor temperatures of up to 65°C without cooling.

Acquisition of the complete autonomous driving technology including source codes from an automotive engineering giant

GAUSSIN also announces the complete acquisition of the autonomous control system of a multinational engineering group. The transaction will enable GAUSSIN to strengthen its technology in this field and to rapidly deploy secure, turnkey solutions for the automation of flows in closed environments and on public roads.

"Our initial successes in the field of intelligent mobility fully justify an acceleration to which the acquisition of the 10 electric Bluebuses and their transformation into autonomous vehicles, as well as the acquisition of the source codes for the autonomous driving system that we have just completed, will contribute," said Christophe Gaussin, CEO of the GAUSSIN Group.

Upcoming events

2020 annual financial statements: March 16, 2021 (after the close of trading)

SIA: June 16 & 17, 2021 in Belfort

About GAUSSIN

Gaussin is an engineering company that designs, assembles and sells innovative products and services in the transport and logistics field. Its know-how encompasses cargo and passenger transport, autonomous technologies allowing for self-driving solutions such as Automotive Guided Vehicles, and the integration all types of batteries, electric and hydrogen fuel cells in particular. With more than 50,000 vehicles worldwide, Gaussin enjoys a strong reputation in four fast-expanding markets: port terminals, airports, logistics and people mobility. The group has developed strategic partnerships with major global players in order to accelerate its commercial penetration: Siemens Postal, Parcel & Airport Logistics in the airport field, Bolloré Ports and ST Engineering in ports and Bluebus for people mobility. GAUSSIN has broadened its business model with the signing of license agreements accelerating the diffusion of its technology throughout the world. The acquisition of METALLIANCE confirms the emergence of an international group present in all segments of intelligent and clean vehicles.

In October 2019, the Group won the World Autonomous Vehicle Transport Competition "Category leader" - "Better energy and environmental sustainability".

Gaussin has been listed on Euronext Growth in Paris since 2010. More information on www.gaussin.com.

Contacts

GAUSSIN

Ulysse Communication

Christophe Gaussin, invest@gaussin.com

Nicolas Daniels, ndaniels@ulysse-communication.com

+33(0)3.84.46.13.45

+33(0)6.63.66.59.22

Charles Courbet, ccourbet@ulysse-communication.com

+33(0)6.28.93.03.06

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For more information about GAUSSIN, go to www.gaussin.com

* This document may contain forward-looking information. Such forward-looking information refers to future prospects, developments and strategies of Gaussin and is based on an analysis of expected future results and estimates of amounts that are not yet determinable to date. Forward-looking information naturally contains elements of risk and uncertainty relative to events and therefore dependent on circumstances which may or may not occur in the future. Gaussin draws your attention to the fact that forward-looking information provides no guarantee concerning its future performance or financial situation, financial results or trends in the sector in which Gaussin operates, and which may significantly differ from those proposed or suggested in the forward-looking statements contained in this presentation. Furthermore, even though the financial position of Gaussin, its performance and trends in the sector in which Gaussin operates comply with the forward-looking information contained in this presentation, such performance or trends may not be a reliable indication of the company's future performance or prospects. Gaussin is not committed to updating or confirming analysts' expectations or estimates or to publicly correcting any information or event in order to reflect an event or circumstance eventually occurring following this presentation.

Disclaimer

Gaussin SA published this content on 22 February 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 23 February 2021 10:17:06 UTC.


© Publicnow 2021
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Financials
Sales 2019 21,1 M 25,0 M 25,0 M
Net income 2019 -2,89 M -3,43 M -3,43 M
Net Debt 2019 6,76 M 8,02 M 8,02 M
P/E ratio 2019 -19,3x
Yield 2019 -
Capitalization 191 M 228 M 227 M
EV / Sales 2018 8,05x
EV / Sales 2019 2,18x
Nbr of Employees 48
Free-Float 96,9%
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Managers and Directors
NameTitle
Christophe Gaussin Chairman & Chief Executive Officer
Gilles Pernin Head-Finance, HR, Administrative, Legal & IT
Stéphane Hecky Head-Research & Development
Damien Personeni Independent Director
Volker Berl Independent Director
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