GAUSSIN UK Ltd. to accelerate the marketing of electric and hydrogen
vehicles on the English market
GAUSSIN (EURONEXT GROWTH: ALGAU - FR0013495298), a pioneer in clean and intelligent freight transport, announces the creation of a subsidiary in the United Kingdom, to be based in Wickford, Essex. GAUSSIN UK Ltd. will be responsible for the deployment of GAUSSIN's range of electric and hydrogen vehicles with the major players in logistics, retail and transport in the UK. A strategy which will also involve licence sales to local partners.
The British government has recently launched initiatives to provide financial incentives for electric trucks in the form of subsidies and tax breaks, tightening emission regulation, and falling battery prices provide growth opportunities for companies like GAUSSIN, by making the capital investment required to purchase electric trucks more attractive relative to their diesel counterparts. Given this increased focus on clean transportation, it makes the UK a logical focus for expansion for GAUSSIN to support strategic opportunities with major players in the logistics space.
"The decision to expand our presence into UK was a logical step in our business growth strategy," said Christophe Gaussin, CEO of the GAUSSIN Group.
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GAUSSIN Shareholders' Meeting: August 1, 2022
H2 Racing Truck World Tour (dates below):
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 2021, GAUSSIN won the Dubai World Challenge for Self-Driving Transport.
In January 2022, GAUSSIN successfully completed the 2022 Dakar Rally with its H2 Racing Truck, the first hydrogen-powered vehicle to enter the race and generate zero CO2 emissions.
In March 2022, Christophe GAUSSIN was named "Hydrogen Personality of the year" at the Hydrogénies - Trophées de l'hydrogène ceremony held at the French National Assembly.
GAUSSIN has been listed on Euronext Growth in Paris since 2010.
Forward-lookingstatements: This press release contains forward-looking statements. These statements are not historical facts. They include projections and estimates as well as the assumptions on which these are based, statements concerning projects, objectives, intentions and expectations with respect to future financial results, events, operations, services, product development and potential, or future performance. These forward-looking statements can often be identified by the words "expects," "anticipates," "believes," "intends," "estimates" or
"plans" and similar expressions. Although GAUSSIN's management believes that these forward-looking statements are reasonable, investors are cautioned that forward-looking statements are subject to numerous risks and uncertainties, many of which are difficult to predict and generally beyond the control of GAUSSIN, that could cause actual results and events to differ materially from those expressed in, or implied or projected by, the forward-looking information and statements. These risks and uncertainties include, but are not limited to, the uncertainties inherent to supply difficulties related to the health situation, shortage of raw materials or current conflicts, decisions of State authorities, changes in exchange rates and interest rates, price inflation. GAUSSIN does not undertake to update any forward-looking information or statements, subject to applicable regulations, in particular articles 223-1 et seq. of the General Regulation of the Autorité des Marchés Financiers.