MUNIC: 2022 TURNOVER UP BY +12% – COMMERCIAL DEPLOYMENT OF THE EKKO SOLUTION – 01/31/2023 at 6:00 pm

MUNIC (Euronext Growth® Paris – FR0013462231 – ALMUN)

a specialist in embedded technologies and artificial intelligence for exploiting automotive data, publishes its consolidated revenue for the 2022 financial year (ended December 31, 2022) and presents the highlights of the past financial year.

€21.6 M REVENUE IN 2022, UP BY +12%

At the end of the 2022 financial year, MUNIC recorded annual revenue of €21.6 million, up +12% compared to the 2021 financial year.

After a start to the year marked by strong growth, the end of the year was marked by a slightly less dynamic pace of activity given

(i)

from a very high basis of comparison in 2

^n/a

half of 2021 (+182% growth compared to the previous financial year) and

(ii)

the postponement of large orders during the last quarter of 2022. These postponed orders will be fully honored in 2023.

Throughout the exercise, MUNIC showed great agility in terms of

sourcing

and inventory management to deal with the component crisis which has had a strong impact on the automotive sector and related sectors. These tensions begin to gradually resolve.

VALIDATION, COMMERCIAL DEPLOYMENT AND CONTINUED DEVELOPMENT OF THE EKKO SOLUTION

ADAC, the largest automotive association in Europe and leader in roadside assistance in Germany with 21 million members, has selected MUNIC in 2021 for the supply of its EKKO solution, including a vehicle data access platform in DaaS mode (

Data as a Service)

allowing in-depth diagnosis of the vehicle to be carried out remotely (read the press release of 1

^er

December 2022). A first contract has been signed for the deployment in 2022 of EKKO on a limited fleet of 10,000 vehicles. After several months of using this solution

Smart Dongles

open and multi-partner based on Munic.io technology, ADAC validated EKKO in July 2022, thus demonstrating its confidence in the technological solution and its economic model.

Following this validation, ADAC submitted a series of development requests to MUNIC which were implemented at the end of 2022, making EKKO the disruptive project “ADAC

Smart Connect

“, which offers motorists a revolutionary remote assistance service allowing them to carry out an in-depth diagnosis of their vehicles via the

OBD-dongles

of MUNIC and its artificial intelligence engine, as well as a suite of MUNIC software: a data processing and services platform compliant with the General Data Protection Regulation (GDPR) as well as a diagnostic dashboard to distance based on MUNIC’s EKKO portal.

ADAC is currently conducting a test of EKKO on all 10,000 vehicles, and must decide in 2023 on the extent of the deployment at the end of this test. This version of EKKO is designed and optimized for the management of car fleets, but the architecture of EKKO has from the start been designed to be easily and quickly available in several variants via an SDK (

Software Development Kit

– Software Development Kit), EKKO Studio, itself also offered to MUNIC customers. On this basis, a new version of EKKO, aimed at the general public, will be released in mid-2023. MUNIC will thus be able to market a complete and independent version of this remote diagnostic device intended for a wider spectrum of private customers.

Simple and secure access to vehicle data through EKKO is a major development, expected for many years by the automotive industry. It allows you to trigger roadside assistance actions remotely, send preventive alerts to motorists or proactively diagnose vehicles remotely in order to significantly improve the customer experience during repair and maintenance interventions. .

ENRICHMENT OF MUNIC’S PRODUCT OFFER IN 2022

Over the past year, MUNIC has continued its research and development efforts to expand its range of innovative products, illustrating the company’s ability to integrate any new technological innovation and in particular to improve the performance of its enclosures in terms of security. , energy performance, etc.

The C4Max family of multi-application enclosures

Blackbox

» by MUNIC, intended for the fleet management market, has been declined in several variants at reduced costs, synonymous with better prices and therefore a competitive advantage on the market.

MUNIC has also developed a new variant of the C4Max family of boxes, with the integration of a new generation of components supporting both more extensive functionalities and strong mechanical and environmental constraints. This hardened evolution of the C4Max enables MUNIC to address new markets for professional vehicles, markets both with high demand for vehicle data analysis solutions and where terminal prices are much higher.

OUTLOOK

Despite an adverse economic context, MUNIC is continuing its intense commercial efforts, with the signing of new major contracts, particularly with operators of consumer services in recent months, and its investments in R&D in order to expand its range terminals and services and remain at the forefront of technology and innovation in order to continue its growth in 2023.

In the longer term, MUNIC confirms its objective to achieve

25 M€ turnover

generated through the EKKO platform (combining the sale of

smart-dongle

and the associated multi-year subscriptions) by 2025. Given the postponement of several large orders, the objective of

global turnover of 100 M€

accompanied by a

gross margin rate above 40%

of turnover, is postponed by one year and is now targeted for 2026.

2023 FINANCIAL AGENDA

All publications will take place after the closing of the Euronext Paris market.

About MUNIC

Founded in 2002, MUNIC designs and develops technological solutions, combining Smart Dongles, capable of collecting and decoding thousands of data from automotive vehicle sensors, and an artificial intelligence Edge Computing platform, Munic.io, allowing analyze and value them.

The result of 20 years of R&D, MUNIC’s patented technology combines (i) high-level electronic expertise (design and industrialization of on-board equipment with small footprint, high energy and radio performance, high reliability in the automotive environment, at very competitive costs ), (ii) vehicle data decoding capability, and (iii) an artificial intelligence Edge Computing platform (MUNIC.io) to process such data.

Based in Villejuif (94), with offices in the United States and China, MUNIC has 60 employees, 77% of whom are engineers. The company achieved €21.6 million in revenue in 2022, mainly in the United States and Europe. The company is labeled Innovative Company (Bpifrance).

MUNIC is listed on the Euronext Growth® Paris stock exchange (ISIN Code: FR0013462231 – Ticker: ALMUN).

More information on: www.munic.io

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