Ad-hoc release NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES OF AMERICA, AUSTRALIA, CANADA OR JAPAN OR ANY OTHER JURISDICTION IN WHICH THE DISTRIBUTION OR RELEASE WOULD BE UNLAWFUL. Publication of insider information in accordance with Article 17 of Regulation (EU) No. 596/2014 Munich, November 7, 2018 – GOVECS AG (“GOVECS”, “the Company”) the leading manufacturer of electric scooters in Europe, has decided today, jointly with its existing shareholders, to postpone the planned Initial Public Offering (“IPO”) due to the currently difficult capital market environment.
Munich, 6 November 2018 – Die GOVECS Group (“GOVECS”), the leading manufacturer of e‑scooters in Europe, is poised to introduce new mobility solutions for delivery services at this year’s motorcycle trade fair EICMA scheduled to be held in Milan from 6 to 11 November. GOVECS has further developed its well-known transport scooter GO! T in cooperation with technology partner Bosch. Two additional e-scooter models will be marketed in 2019, namely the ELMOTO “HR-4" and the “Flexy”. Customers stand to benefit from intelligent infrastructure concepts and an all-round care-free package available.
Press Release and ADHOC Release Munich, 26 October 2018 – GOVECS AG (“GOVECS”), leading manufacturer of e-scooters in Europe, has entered into a licence arrangement with BMW AG (“BMW”). According to the agreement, GOVECS will be licensed to use a pending patent safety technology developed by BMW for two-wheelers. Based on these intellectual property rights, GOVECS plans to develop and produce an innovative e-scooter of the performance categories L1e and L3e with special safety features. Thanks to the unique safety concept, GOVECS’ aim is to allow this scooter to be exempt from mandatory helmet use. In doing so, GOVECS will develop a completely new product segment with high market potential both in the sharing segment as well as in the end-customer market. The market launch of the planned new e-scooter model is envisioned for the year 2021.