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PRESS RELEASE: Schaeffler AG: Schaeffler and Mobileye to Industrialize Self-Driving Shuttles

| Quelle: Dow Jones Newswire Web
DGAP-News: Schaeffler AG / Key word(s): Miscellaneous Schaeffler AG: Schaeffler and Mobileye to Industrialize Self-Driving Shuttles 2021-09-06 / 10:01 The issuer is solely responsible for the content of this announcement.

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IAA Mobility 2021
Schaeffler and Mobileye to Industrialize Self-Driving Shuttles

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- Schaeffler and Mobileye are advancing the industrialization of autonomous vehicles

- The collaboration pairs the engineering and industrialization expertise in the drivetrain and chassis fields from Schaeffler with Mobileye's longstanding know-how and leadership in driver assistance and autonomous driving systems

- Self-driving, highly flexible and customizable vehicle platform will be available from 2023 Herzogenaurach/Munich | September 6, 2021 | The automotive and industrial supplier Schaeffler and Mobileye, an Intel Company and leading provider of automated driving solutions, have agreed on a long-term cooperation. "Rapid regulatory and technological change, increasing urbanization and growing social awareness of mobility are increasing the need for alternative, novel concepts such as autonomous people or logistics movers," says Matthias Zink, CEO Automotive Technologies at Schaeffler AG. "They play a crucial role in sustainable mobility and are a future field in our Roadmap 2025. With the partnership with Mobileye, we want to develop autonomous shuttles to series production."

The rolling chassis from Schaeffler, a modular platform for new mobility concepts, is combined with the Mobileye Drive^(TM) self-driving system. The goal: to develop a new, flexible platform for self-driving shuttles and other vehicle products at full automation level 4 and to offer customers worldwide solutions for Mobility-as-a-Service (MaaS) and Transportation-as-a-Service (TaaS). "Mobileye Drive(TM) is a versatile, scalable solution that enables any vehicle type to become self-driving. The new and innovative Schaeffler rolling chassis vehicle platform equipped with Mobileye Drive will enable broad deployment of autonomous shuttles and other driverless transportation solutions starting in the next couple of years," says Johann Jungwirth, Vice President of Mobility-as-a-Service at Mobileye.

Autonomous transport solutions from 2023 By combining Mobileye's AV technology with Schaeffler's rolling chassis, both companies can offer an autonomous, highly flexible and adaptable vehicle platform that meets automotive safety standards with the necessary redundancies and thus enables the rapid scaling of autonomous transport solutions from 2023. Mobility service providers and transportation of goods companies will thus pave the way for the introduction of autonomous shuttles economically viable, as operating times and efficiency can be significantly increased.

The Rolling Chassis from Schaeffler is a flexible, scalable platform for new, driverless mobility solutions for the transport of people or goods or for special applications such as mobile charging solutions or pop-up stores on wheels. The modular platform shows the wide range of technologies from Schaeffler and offers a flexible architecture: Regarding steering and drive, a wide variety of variants can be implemented depending on customer requirements - from a simple drivetrain via an e-axis and central steering to the use of four "Schaeffler Corner Modules". The corner modules, which each allow a steering angle of up to 90 degrees, have been further developed in the direction of series production and scalability. They include the wheel hub motor, the wheel suspension including air suspension, which makes it possible to lower the vehicle for entry, the actuator for the electromechanical steering and a brake.

The Mobileye Drive(TM) self-driving system is a turnkey AV solution that delivers safety via two core concepts: Mobileye's formal Responsibility-Sensitive Safety model for the safety of the system's decision-making, and a perception system featuring True Redundancy(TM) whereby two independent subsystems (cameras and radars+lidars) combine to enable robust perception. The self-driving system can also be deployed without geographical limitation thanks to Mobileye's Road Experience Management(TM) AV mapping technology through which a proprietary, crowdsourced AV map of the global road network is created and then continuously and automatically updated using data gathered from mass-market advanced driver-assistance systems.

You can find all Schaeffler press releases about the IAA Mobility in the digital press kit: https:// www.schaeffler.com/content.schaeffler.com/en/news_media/press_kit/presskitsdetail/press_kit_iaa.jsp

Schaeffler Group - We pioneer motion As one of the world's leading automotive and industrial suppliers, the Schaeffler Group has been driving forward-looking inventions and developments in the fields of movement and mobility for over 70 years. With innovative technologies, products and services in the fields of CO?-efficient drives, electromobility, Industry 4.0, digitization and renewable energies, the company is a reliable partner for making movement and mobility more efficient, more intelligent and more sustainable. The technology company produces precision components and systems for drive trains and chassis, as well as roller and plain bearing solutions for a variety of industrial applications. In 2020 the group of companies generated sales of around 12.6 billion euros. With around 83,900 employees, the Schaeffler Group is one of the world's largest family companies. With more than 1,900 patent applications, Schaeffler took second place in the ranking of the most innovative companies in Germany in 2020 according to the DPMA (German Patent and Trademark Office).

Contact

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Dr. Axel Lüdeke Renata Casaro
Head of Group Communications & Public Affairs Head of Investor Relations
Schaeffler AG, Schaeffler AG,
Herzogenaurach, Germany Herzogenaurach, Germany
phone: +49 9132 82 8901 phone: +49 9132 82 4440
email: axel.luedeke@schaeffler.com email: ir@schaeffler.com

Daniel Pokorny Johann Eisenmann
Head of Communications Technology, Investor Relations
Innovation & Digitalization Schaeffler AG, Herzogenaurach, Germany
Schaeffler AG, Herzogenaurach
phone: +49 9132 82 88708 phone: +49 9132 82 4440
email: daniel.pokorny@schaeffler.com email: ir@schaeffler.com

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2021-09-06 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

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Language: English
Company: Schaeffler AG
Industriestr. 1-3
91074 Herzogenaurach
Germany
Phone: 09132 - 82 0
E-mail: ir@schaeffler.com
Internet: www.schaeffler.com
ISIN: DE000SHA0159
WKN: SHA015
Indices: SDAX
Listed: Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf,
Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange
EQS News ID: 1231305

End of News DGAP News Service
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1231305 2021-09-06

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END) Dow Jones Newswires

September 06, 2021 04:01 ET (08:01 GMT)
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