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UMT United Mobility Technology AG
ISIN: DE000A2YN702
WKN: A2YN70
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UMT United Mobility Technology AG · ISIN: DE000A2YN702 · EQS - adhoc news (45 News)
Country: Germany · Primary market: Germany · EQS NID: 1615827
25 April 2023 11:30AM

Research project 'Sunrise' of the Federal Ministry of Education and Research has been launched – 'Buy-and-Build' strategy of UMT AG shows promising development


EQS-Ad-hoc: UMT United Mobility Technology AG / Key word(s): Miscellaneous
UMT AG: Research project 'Sunrise' of the Federal Ministry of Education and Research has been launched – 'Buy-and-Build' strategy of UMT AG shows promising development

25-Apr-2023 / 11:30 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by EQS News - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.


Munich, April 25, 2023

 

Publication of inside information pursuant to Article 17 of Regulation (EU) No. 596/2014


Research project "Sunrise" of the Federal Ministry of Education and Research has been launched – "Buy-and-Build" strategy of UMT AG shows promising development

The next payment initiative of UMT United Mobility Technology AG ("UMT AG", GSIN: A2YN70, ISIN: DE000A2YN702) within the research project "Sunrise" of the Federal Ministry of Education and Research (BMBF) has now been launched with the use case "Pay-per-Part" in the field of mechanical engineering after the project kick-off on February 28, 2023.

UMT AG has already been contributing its expertise in the field of payment to this forward-looking project, which now enjoys research funding from the BMBF, since 2019. The consortium of ten partners sees the project as a great opportunity to establish new innovative business models in mechanical and plant engineering in Germany. The results of "Sunrise" should enable small and medium-sized companies in particular to set up subscription models for the first time.

The advantages for the user are clear: usage-oriented, variable costs take the place of fixed costs and allow the entrepreneur more financial flexibility and security. Doing without their own production resources frees up capacity to concentrate on the actual core business. “Sunrise" thus goes beyond the technology aspect and picks up on the current trend of replacing capital-binding investments in relevant assets with subscription models. In the future, a machine manufacturer will therefore no longer have to sell his machine to the purchaser as a capital good, but the machine can be paid for by the purchaser on a pro rata basis per unit produced.

A similar principle in the B2C sector is currently being applied by Volkswagen as part of a subscription model in which the customer pays for the booked VW vehicle depending on the monthly use, including insurance and a protection package in the event of damage. In the future, the same should apply to producers in the mechanical engineering sector if they produce components with a newly acquired machine and can pay a share of the purchase price to the machine manufacturer depending on the parts produced.

As a fulfillment provider, UMT will be responsible for the entire payment process as part of this research project. The next milestone among the project participants is the presentation of a proof of concept (PoC) in the form of a prototype at the end of Q2 2023.

By participating in this BMBF-funded research project, the UMT Group is making a significant contribution to the fourth industrial revolution, "Industry 4.0", and thus continues to see its future strategy for the digitalization of conventional business models confirmed.

At Group level, the company is very actively pursuing its buy-and-build strategy, from which positive prospects can be derived. The company has identified further acquisition targets and is currently engaged in constructive strategic discussions.

 

Contact:

UMT AG
Investor Relations

Telephone: +49 89 20 500 680
Fax: +49 89 20 500 555
GSIN: A2YN70
ISIN: DE000A2YN702
investor.relations@umt.ag
www.umt.ag

Headquarters: Munich, Germany
Register Court: Munich, Germany
Board of Directors: Dr. Juergen Schulz (Spokesman),
Thomas Teufel
Chairman of the Supervisory Board: Walter Raizner


End of Inside Information

25-Apr-2023 CET/CEST The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.eqs-news.com


Language: English
Company: UMT United Mobility Technology AG
Brienner Straße 7
80333 München
Germany
Phone: +49 (0) 89 20 500 680
Fax: +49 (0) 89 20 500 555
E-mail: investor.relations@umt.ag
Internet: www.umt.ag
ISIN: DE000A2YN702
WKN: A2YN70
Listed: Regulated Unofficial Market in Berlin, Dusseldorf, Frankfurt (Basic Board), Hamburg, Munich, Stuttgart, Tradegate Exchange
EQS News ID: 1615827

 
End of Announcement EQS News Service

1615827  25-Apr-2023 CET/CEST

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