NorCom Information Technolgoy GmbH & Co. KGaA

M&A Activity • Jul 16, 2018

News Details

Ad-hoc | 16 July 2018 15:24

NorCom Information Technology AG makes progress in partnering

NorCom Information Technology AG / Key word(s): Letter of Intent

NorCom Information Technology AG makes progress in partnering

16-Jul-2018 / 15:24 CET/CEST

Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by DGAP – a service of EQS Group AG.

The issuer is solely responsible for the content of this announcement.

---

For the successful worldwide marketing of the products DaSense and EAGLE, NorCom strives for close cooperation with partner companies. The strategic focus of management is on identifying and winning suitable companies and building up a powerful partner network.

In the automotive sector, initial discussions are currently taking place with several potential partner companies for the Big Data software solution DaSense. In particular, automotive suppliers are considered as partners, as their offer is complementary to the NorCom solutions.

The first milestone has now been achieved in the establishment of this partner network: The contract negotiations are becoming more concrete with the well-known automotive supplier AVL List GmbH. The goals of this strategic cooperation are the joint development of the DaSense platform, the integration into the AVL solution portfolio with a focus on Big Data technologies as well as the realization of extensive, worldwide projects.

AVL is the world's largest independent company for development, simulation and testing technology of propulsion systems (hybrid, internal combustion engines, transmissions, engines, batteries and software) for cars, trucks and large engines. The company employs more than 9,500 people worldwide and generated revenues of EUR 1.55 billion in 2017.

Contact:

NorCom Information Technology AG

Julia Keck

IR

Gabelsbergerstraße 4

80333 München

Phone: 089-93948-0

E-Mail: aktie@norcom.de

---

16-Jul-2018 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.

Archive at www.dgap.de

---

Language:	English
Company:	NorCom Information Technology AG
	Gabelsbergerstraße 4
	80333 München
	Germany
Phone:	+49 (0)89 93948-0
Fax:	+49 (0)89 93948-111
E-mail:	aktie@norcom.de
Internet:	www.norcom.de
ISIN:	DE000A12UP37
WKN:	A12UP3
Listed:	Regulated Market in Frankfurt (General Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich, Stuttgart, Tradegate Exchange

End of Announcement	DGAP News Service