AGCO invests in Apex.AI, a developer of security-certified software for mobility and stand-alone applications

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DULUTH, Georgia – (BUSINESS WIRE) –#AGCOIR–AGCO, Your Agriculture Company, (NYSE: AGCO), a global manufacturer and distributor of agricultural machinery and precision farming technology, announced that it has acquired a 2.53% stake in Apex.AI, an emerging leader in certified security software. for mobility and driverless vehicles.

Apex.AI has differentiated itself with its software products by making it easier for solution providers to implement safety-critical software in on-road and off-road vehicles. Based on proven open source software, Apex.AI’s software allows its customers to focus on developing value-added applications, while Apex.AI provides a strong development infrastructure. With a focus on implementing driverless vehicles, Apex.AI launched its award-winning first Apex.OS product in 2020 and achieved functional safety certification in record time. Apex.AI has since also launched its Apex.Middleware product, which integrates all vehicle communication needs and enables future deployments of semi-autonomous or driverless vehicles.

“AGCO’s investment in Apex.AI once again demonstrates our commitment to developing value-added solutions for our customers that meet the highest standards and reliability requirements,” said Eric Hansotia, Chairman of the Board. , President and CEO of AGCO. “We are excited to invest in the Apex.AI team as it paves the way for driverless vehicles in the agriculture and automotive industries. ”

About AGCO:

AGCO (NYSE: AGCO) is a global leader in the design, manufacture and distribution of agricultural machinery and precision agricultural technology. AGCO delivers customer value through its differentiated brand portfolio including flagship brands such as Challenger, Fendt, GSI, Massey Ferguson and Valtra. Fuse powered® smart farming solutions, AGCO’s full line of equipment and services help farmers feed our world in a sustainable way. Founded in 1990 and headquartered in Duluth, Georgia, United States, AGCO had net sales of approximately $ 9.1 billion in 2020. For more information, visit www.AGCOcorp.com . For company news, information and events, please follow us on Twitter: @AGCOCorp. For financial news on Twitter, please follow the hashtag #AGCOIR.

Please visit our website at www.agcocorp.com

About Apex.AI

Apex.AI is a Palo Alto, Berlin, Stuttgart and Munich-based company that develops breakthrough software that is secure, certified, developer-friendly and scalable for mobility systems. The company’s flagship product is Apex.OS, a robust and reliable meta-operating system that enables faster and easier software development for vehicles and safer autonomous driving solutions. Their SDK targets two main customer groups, OEM developers who need to implement complex AI software integrated into the entire vehicle, and autonomous driving developers who can now implement mission-critical applications for security with ease and reliability.

To access the Apex.AI media kit, please visit https://www.apex.ai/media-kit.

Contacts

Greg peterson

Vice-President, Investor Relations

(770) 232-8229

greg.peterson@agcocorp.com

Media Contact Apex.AI United States
Stacy morris

stacy.morris@futuristacommunications.com, +1 (310) 415-9188

European media contact Apex.AI
Christian Bangemann

christian.bangemann@apex.ai, +49 171 8398418

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