Samsung Electronics and TTTech Announce Strategic Partnership to Deliver Next Generation of Autonomous and Safety Technology to Automakers

Samsung to join AUDI AG as a major investor in TTTech, which will
develop new open-innovation platform for ADAS/AV systems; HARMAN to
integrate this open platform offering to its innovative suite of
solutions for OEMs worldwide.

FRANKFURT, Germany & MENLO PARK, Calif. & VIENNA–(BUSINESS WIRE)–Samsung Electronics Co. Ltd. today announced a strategic partnership
with TTTech, a global leader in the field of robust networking and
safety controls. Along with this partnership, Samsung will also make a
€75 million strategic investment in TTTech as the first investment from
its recently-announced Samsung Automotive Innovation Fund (SAIF), and
highlights the company’s commitment to bringing safer cars to the road
and ushering in the next generation of mobility. It comes on the heels
of Samsung’s $8 billion acquisition of HARMAN, a leader in connected car
technology, and marks another significant step for the company in the
automotive space.


TTTech has been active in the automotive space for years, providing
technology to a variety of manufacturers. Samsung’s future investment
complements TTTech’s longstanding partnership with AUDI AG and their
combined efforts in highly automated piloted driving systems for
Volkswagen Group. TTTech’s safety technologies power the zFAS piloted
control platform in the 2017 Audi A8.

Beyond automotive, TTTech has improved the safety and reliability of
networked computer systems in the aerospace and industrial sectors, with
its technologies found in the Boeing 787 Dreamliner and NASA’s Orion
spacecraft.

“Automotive advances like autonomous controls and advanced driver
assistance systems will have a profound impact on society—from
transforming urban spaces to bringing mobility to aging populations. At
Samsung, we see it as our responsibility to invest in the technologies
that will revolutionize the way we live, work, and connect with one
another,” said Young Sohn, President and Chief Strategy Officer of
Samsung Electronics and Chairman of the Board for HARMAN. “TTTech has
demonstrated a remarkable ability to innovate and build world-class
technologies and platforms. This is a seminal moment for Samsung and our
Automotive Innovation Fund, and we look forward to working with leading
OEMs like Audi and the entire TTTech team to set a new standard for
automotive-safety technology.”

“We’re excited about Samsung’s commitment to TTTech and the joint
creation of new architecture for open autonomous and ADAS technologies,
involving multiple key automotive players and suppliers,” said Alejandro
Vukotich, Vice President Autonomous Driving of AUDI AG.

“We are very proud to have Samsung as an investor and partner in TTTech
to create solutions for the next generation of highly integrated and
data-intensive safety systems,” said Georg Kopetz, Member of the Board
at TTTech. “Samsung brings a breadth and a depth of technologies as well
as an ecosystem of partners to accelerate development for level 2 to
level 5 autonomous platforms.”

“Together we will build products to support new NCAP requirements,
solutions for in-vehicle infotainment systems, and new scalable
architectures to support fully autonomous vehicles across various
industries,” stated Stefan Poledna, Member of the Board at TTTech.

At a transformative moment for the auto industry, TTTech plans to use
Samsung’s investment to accelerate the growth of its safety technology
for autonomous driving and operations. The company’s collaborative and
flexible technology—like its new open safety platform,
MotionWise—enables OEMs and Tier-1 suppliers to accelerate the
development, integration, and validation of new capabilities in their
vehicles.

Together, Samsung and HARMAN are fostering the development of
cutting-edge automotive safety technologies like those from TTTech,
which will raise the bar for automotive safety controls and ADAS
throughout the industry. HARMAN, a Tier 1 supplier, now makes TTTech’s
open safety solutions available to the leading global automotive OEMs.

President Young Sohn will join Ricky Hudi, founder and managing director
of Future Mobility Technologies, and other industry experts on TTTech
Auto division’s new supervisory board.

About TTTech

TTTech is a global leader in the field of robust networking and safety
controls. TTTech solutions improve the safety and reliability of
electronic systems in the industrial and transportation sectors, with a
portfolio of products that are helping to make the Industrial Internet
of Things and autonomous driving a reality.

Thanks to the platform-based architecture, TTTech Auto’s production
proven solutions enable simple system integration with shorter
time-to-market and significant cost reductions for customers. TTTech
solutions support highly scalable and modular open real-time control
architectures based on Deterministic Ethernet and operates within a rich
ecosystem of technology partners.

More information about TTTech and TTTech Auto is available at www.tttech.com

About Samsung Electronics Co., Ltd.

Samsung inspires the world and shapes the future with transformative
ideas and technologies. The company is redefining the worlds of TVs,
smartphones, wearable devices, tablets, digital appliances, network
systems, and memory, system LSI, foundry and LED solutions. For the
latest news, please visit the Samsung Newsroom at http://news.samsung.com.

Forward Looking Statement

This press release contains certain “forward-looking statements”
within the meaning of the Private Securities Litigation Reform Act of
1995, as amended, including but are not limited to, statements regarding
the benefits of the strategic partnership between Samsung and TTTech
Auto; the development of next-generation solutions for auto safety
systems; and the ability of TTTech technology to enable OEMs and other
customers to build advance auto safety solutions. These and any other
forward-looking statements in this release are based on the parties’
current expectations of future events and are subject to a number of
risks and uncertainties that could cause actual results to differ
materially and adversely from those set forth in or implied by such
forward-looking statements. These risks and uncertainties include, but
are not limited to, changes in the markets and the regulatory
environment of automobile technology industries, difficulties in
integrating technologies of the parties in the partnership, the
inability of the new solutions to achieve wide market acceptance , and
the ability to compete with other products in the market. The companies
are providing the information in this release as of this date and do not
undertake any obligation to update any forward-looking statements
contained in this release as a result of new information, future events
or otherwise.

Contacts

TTTech Computertechnik AG
Marco Lehner
Marketing Communications
pr@tttech.com
or
Samsung
Strategy & Innovation Center
Daniel Yoo
Sr. Manager,
Communications
Dan.yoo@samsung.com