Softing AG — Regulatory Filings 2003

Apr 2, 2003

News Details

Corporate | 2 April 2003 12:56

Softing AG english

Softing taps millions of euros worth of potential sales with DTS Corporate-news announcement sent by DGAP. The sender is solely responsible for the contents of this announcement. ——————————————————————————– (Haar, Germany, April 2, 2003) With the decision of the VOLKSWAGEN Group to employ the DTS Base System (DIAGNOSTIC TOOL SET) based on the ASAM MCD standard, Softing has reached yet another milestone in the expansion of its leading market position. ASAM MCD (the Association for Standardization of Automation and Measuring Systems) will significantly facilitate the exchange and management of critical data throughout the entire VOLKSWAGEN Group for brands such as Volkswagen, Audi, Seat and Skoda. The decision of a major automobile manufacturer like the VOLKSWAGEN Group to implement DTS will accelerate the distribution of the DTS product family both within the automotive industry and with direct suppliers. The expansion of this segment in the Automotive Electronics division of Softing AG is likely to contribute several million euros to the company’s sales in the coming years. As the number of electronic control units used in the automotive industry increases steadily, standardized processes for managing and exchanging diagnostic data between automobile manufacturers and their suppliers have become a critical factor for reducing costs. The costs for these tasks in the automotive industry are estimated to be in the triple-digit millions based on the entire production run of high-volume models. Softing has contributed greatly to the definition of this standard, and it is the first manufacturer to offer its customers products based on the new ASAM MCD diagnostic standard. The Softing DTS product designation has now become a hallmark in the industry for the broad positioning of diagnostic tools over the entire life-cycle of control devices – that is, from development, through the downloading of data (reprogramming/flashing), all the way to the workshop tester. DTS is expected to continue to spread through Softing and its cooperative partners. With its hardware (EDIC Interface family) and software products (such as DTS) and individual services, Softing AG is well-positioned in the area of automotive electronics as a competent technology and engineering company. For Softing, gaining Volkswagen as a new business partner confirms the company’s activities and role as a leading partner to the automotive industry for on- and off-board communication. end of message, (c)DGAP 02.04.2003 ——————————————————————————– WKN: 517800; ISIN: DE0005178008; Index: Listed: Geregelter Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin- Bremen, Düsseldorf, Hamburg, Hannover, München und Stuttgart 021256 Apr 03