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Cognyte to Announce First Quarter Financial Results on June 22, 2021

Cognyte Software

Cognyte Software Ltd. (NASDAQ: CGNT) will conduct a conference call on Tuesday, June 22, 2021 at 8:30am ET to review its first quarter financial results for the period ending April 30, 2021. An earnings press release will be issued prior to the conference call. A real-time webcast of the conference call with presentation slides will be available in the Investor Relations section of Cognyte’s website. The conference call can also be accessed live via telephone at (800) 708-4540 (United States and Canada) and (847) 619-6397 (International). The passcode is 50181080. Please dial in 5-10 minutes prior to the scheduled start time. About Cognyte Software Cognyte Software Ltd. (formerly a Verint Systems Inc. company) is a global leader in security analytics software that empowers governments and enterprises with Actionable Intelligence for a Safer World™. Our open software fuses, analyzes, and visualizes disparate data sets at scale to help security organizations find the needles in the haystacks. Over 1,000 government and enterprise customers in more than 100 countries rely on Cognyte’s solutions to accelerate security investigations and connect the dots to successfully identify, neutralize, and prevent threats to national security, business continuity, and cyber security. Learn more about how we empower our customers to create a safer world with Actionable Intelligence® at www.cognyte.com. COGNYTE, ACTIONABLE INTELLIGENCE, and ACTIONABLE INTELLIGENCE FOR A SAFER WORLD are trademarks of Cognyte Software or its subsidiaries. Cognyte Software and other parties may also have trademark rights in other terms used herein. Contact Details Media Relations - Cognyte Software Amit Daniel amit.daniel@cognyte.com Investor Relations - Cognyte Software Matthew Frankel, CFA IR@cognyte.com Company Website https://www.cognyte.com/

June 14, 2021 08:30 AM Eastern Daylight Time

Lawsuit Brought by Car Owner Against Honda Over Alleged Defect that Leads to Premature Battery Failure and Safety Risks

FeganScott

On May 18, 2021, a Honda CR-V owner filed a putative class action lawsuit on behalf of Honda vehicle owners and lessees, alleging that the automobile manufacturer sold more than 2 million vehicles with a serious defect that can cause the car battery to prematurely drain, leading to the failure of safety functions. Filed in federal court in Iowa, the lawsuit seeks to represent all U.S. consumers who purchased or leased a 2017 – 2019 Honda CR-V or a 2016 – 2019 Honda Accord. According to the lawsuit, the Honda vehicles fail to shut down properly after the car is parked and turned off, draining the battery. Left unrepaired, this defect results in the permanent destruction of the vehicle’s battery and other safety component failures, such as emergency hazard lights. According to Elizabeth A. Fegan, founder and managing member of consumer-rights law firm FeganScott, Honda knew about the defect and did not offer a reliable solution or issue a recall of the affected vehicles. The complaint alleges that despite sharing internal Service Bulletins to its authorized dealerships concerning the defect, Honda merely instructed its dealers to update internal software and replace dead batteries in certain vehicles. But, according to the complaint, Honda already knew that these “corrective” actions would not solve the parasitic draining defect nor make the vehicles any more dependable for their owners. “Honda claims that they manufacture high-quality cars that keep drivers safe, but by continually hiding this information, they’ve endangered consumers and have forced them to make costly repairs,” said Fegan. “This manufacturer has failed to fulfill even the most basic responsibilities required by law, and we intend to hold them accountable through this suit.” The lawsuit cites more than 120 public complaints from the scores that were filed with the National Highway Traffic Safety Administration (NHTSA), all of which reference various issues related to the battery draining or engine stalling. Another complaint posted on carcomplaints.com details how a driver reported that her CR-V “completely stalled out again” while driving, “leaving [her] in danger of” getting hit by other vehicles. The lawsuit alleges that Honda drivers believed the manufacturer’s claims of the vehicles being safe in the design and dependable. According to the complaint, “[h]ad the Plaintiff and other class members known of the defect at the time of purchase or lease, they would not have bought or leased the class vehicles or would have paid substantially less for them.” “Honda has been a trusted and popular car brand in the United States for decades, and consumers have relied on these vehicles to safely get them from point A to B, only to have Honda recklessly put drivers in harm’s way,” Fegan noted. “Betraying this trust isn’t just about the inconvenience of a dead battery – Honda has actually endangered the lives of the consumers that they claim to protect.” Consumers who are interested in learning more about this class-action suit are urged to send their contact information to info@feganscott.com. Case No. Case 4:21-cv-00148-JAJ-CFB About FeganScott FeganScott is a national class action law firm dedicated to helping victims of consumer fraud, sexual abuse, and discrimination. The firm is championed by acclaimed veteran attorneys who have successfully recovered $1 billion for victims nationwide. FeganScott is committed to pursuing successful outcomes with integrity and excellence while holding the responsible parties accountable. Contact Details Firmani + Associates Mark Firmani +1 206-466-2700 feganscottpr@firmani.com Company Website https://feganscott.com

June 10, 2021 08:05 AM Central Daylight Time

NEXT Trucking Unveils Customizable Reports to Enable Real-Time Automated Container Tracking For Shippers and Carriers

Next Trucking

NEXT Trucking, a FreightTech pioneer that connects shippers and carriers through a digital marketplace, today announced the launch of its Customizable Reports tool for freight tracking. A new feature within the company’s recently launched Shipper Portal, Customizable Reports offers a faster and more efficient way to receive, download, and share container information across the supply chain. With a comprehensive range of filters and data fields, Customizable Reports provides an unrivaled level of transparency and visibility. Customers have immediate access to an intuitive and fully customizable reporting tool, with options to create, edit, distribute, and schedule recurring reports on NEXT’s secure, proprietary platform. “The most common question asked of us by operations managers in our network is, ‘How do I know where my container or shipment is?'" said Lidia Yan, CEO and co-founder of NEXT Trucking. “With Customizable Reports, we are answering that critical question. In the post-pandemic economy, transparency in the movement of freight throughout the supply chain will be the difference between full and empty shelves - whether virtual, or physical.” Prior to the introduction of the Shipper Portal, container and shipment information was traditionally accessible through legacy methods such as spreadsheets, emails, and phone calls. Now, shippers can communicate and track the real-time status of their freight quickly and efficiently in a streamlined digital format. Customizable Reports is the next step in the evolution of NEXT’s best-in-class container and shipment tracking technology. With automated scheduling features, Customizable Reports allows Shipper Portal users to: Download fully-customized reports as CSVs Share reports within a secure, digital platform Freely edit data fields, time ranges, and filters for each report Automate and schedule distribution via email Adjust reporting frequency and delivery method “Before the Shipper Portal, getting information about my containers and sharing that with stakeholders took a big chunk of my day,” said an Operations Manager with a top US retailer. “With Customizable Reports, once I select the information I need, I can just receive all my container status updates via email everyday. It has saved me at least an hour a day.” “With Customizable Reports, I feel more informed than ever about the whereabouts and details of all my containers,” said the Director of Operations at a top global furniture retailer. “By automating these reports, I’m able to focus more on problem-solving and less on getting basic information about my containers.” Users can access Customizable Reports directly within the Shipper Portal. Future iterations of the Shipper Portal will include expanded automation capabilities, AI-driven delivery order submission processes, and improved invoice management. For more, please visit www.nexttrucking.com. About NEXT Trucking NEXT Trucking, a FreightTech pioneer and drayage leader, offers premium shipping experiences to many of the world’s best-known companies. NEXT’s platform connects shippers with freight capacity across drayage, transload, and OTR. Headquartered in El Segundo, CA, NEXT is venture-backed by leaders such as Brookfield Ventures, GLP, and Sequoia Capital. For more information, visit www.nexttrucking.com. Contact Details Veronica Yip +1 347-870-9402 nexttrucking@trustrelations.agency Company Website https://www.nexttrucking.com/

June 08, 2021 09:00 AM Eastern Daylight Time

The Summer Travel Rebound is Here: How Airbnb Is Making Travel Easier

YourUpdateTV

As pandemic restrictions gradually lift, travel is looking different. A recent report by Airbnb indicates this travel rebound is not a temporary reaction to these many months of restrictions and isolation. Recently, Communications Leads for North America at Airbnb, Liz DeBold Fusco, teamed with YourUpdateTV on a satellite media tour to discuss major shifts in how people are traveling and how Airbnb is meeting travelers’ new needs. A video accompanying this announcement is available at: https://youtu.be/aR4n93mrwzk “We believe this will be the biggest travel rebound in a century,” said Brian Chesky, Co-Founder and CEO of Airbnb. According to Airbnb’s recent Report on Travel & Living, the lines between traveling, living and working are blurring in three key ways: first, people are more flexible over when they can travel, especially as remote working upends traditional seasonality. Second, they are traveling to much more diverse destinations, including small towns and rural areas. And third, they are staying longer in places, if they can work anywhere. Airbnb has introduced more than 100 upgrades across every aspect of their service to meet the coming demand and the fundamental shift in travel. It is one of the biggest top-to-bottom upgrades of the Airbnb service in years. Users will have a better guest experience built around Flexibility. The new Flexible Matching feature will show guests listings that lie outside a specified search, so that they don’t miss out on homes just outside their price range or missing an amenity. These new product upgrades also cater to Hosts. Airbnb is launching a brand new, simplified onboarding process where users can become hosts in just 10 easy steps. Aspiring hosts can even sign up for an “Intro to Hosting” online class or directly message an experienced Host with onboarding questions. Airbnb also redesigned the Welcome to Hosting page for new Hosts to make it easier for new and existing Hosts to manage their listings. If you are looking to share your space this summer and want to learn how to become an Airbnb host yourself, check out Airbnb.com/host About Liz DeBold Fusco: Liz DeBold Fusco is a Communications Leads for North America for Airbnb. Prior to that, she was a Vice President at SKDKnickerbocker, a national public affairs firm, where she provided strategic communications guidance to organizations ranging from the NAACP and Demos to The Rockefeller Foundation and AT&T. Liz has also worked for Mayor's Fund to Advance New York City and New York City First Lady Chirlane McCray as well as the New York State Attorney General. About YourUpdateTV: YourUpdateTV is a social media video portal for organizations to share their content. It includes separate channels for Health and Wellness, Lifestyle, Media and Entertainment, Money and Finance, Social Responsibility, Sports and Technology. Contact Details YourUpdateTV +1 212-736-2727 yourupdatetv@gmail.com

June 07, 2021 03:00 PM Eastern Daylight Time

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Haystack Analytics attracts investment, powering tech teams globally and addresses developer burnout

Stockwood Strategy

Engineering insights tool Haystack Analytics, backed by Y Combinator, today announced it has secured a US$1.2m funding round which included participation from Founders Club, Y Combinator, Soma Capital, Entrepreneur First and investors Dan Siroker and Blaine Vess. Founded in 2020 by Julian Colina and Kan Yilmaz, Haystack helps build elite developer teams by providing engineering metrics and alerts proven to drive performance. Haystack improves developer productivity and software quality. Through their integration with GitHub, Haystack is able to provide live data insights that illustrate the entire delivery process from commit to deploy, being able to highlight bottlenecks like code review and team productivity. Using this feedback loop, Haystack users have increased production deployments by 58% and achieved 70% faster cycle times on average. In less than 12 months since launch, Haystack is being used by more than 7,000 developers at tech teams in GoDaddy, Microsoft, The Economist, Indiegogo and Truebill among others as revenues have increased by an average of 36% month on month. Julian Colina, CEO and co-founder of Haystack Analytics commented: “Tech teams and engineers around the world are key assets to any company and shipping software is the heartbeat and competitive advantage they seek. The efforts of developers are at the heart of processes, products and, effectively, the bottom line. Until now, it was difficult for CTOs and engineering managers to objectively know what their roadblocks are or have insights into resourcing levels. Haystack gives visibility by providing metrics and alerts to make sure nothing continues to be stuck. We are helping developers to ship faster and improve their satisfaction”. Research 1 has shown that elite performing engineering organisations are twice as likely to achieve their organisational goals and achieve a 50% higher growth rate over 3 years. It isn't just business objectives that do better, employees of elite performers are almost twice as likely to recommend their team as a great place to work. “Companies with strong technology teams are outperforming those which don't. Technology teams which follow DevOps best practice are less likely to see developers being burnt out, whilst allowing new product ideas to be experimented faster and shipping business value more reliably” added Julian Colina. The funding advances Haystack’s commitment to building intuitive one-click dashboards and alerts using GitHub data. Haystack plans to expand its offering to a greater range of data sources whilst providing an ever greater variety of user-friendly alerts and insights. As companies move to hybrid office/home working environments, Haystack provides insights that teams need to experiment with their workflows to prevent developer burnout whilst shipping faster. “Our mission is to bring the competitive advantage data-driven engineering teams like Google have to everyone. We help teams track their delivery process and optimization opportunities instead of relying solely on gut feelings - resulting in 70% faster delivery on average. It’s been an incredible 12 months and we are well set to achieve much more in the next year” concluded Julian Colina. Ends 1 DevOps Research and Assessment, State of DevOps report About Haystack Analytics Haystack was founded in 2020 by Julian Colin and Kan Yilmaz for tech teams to learn more about roadblocks to their work, improve productivity and importantly identify burnout issues with developers. Haystack helps build elite developer teams by providing engineering metrics and alerts proven to drive performance, improve developer productivity and software quality. Through their integration with GitHub, Haystack is able to provide live data insights that illustrate the entire delivery process from commit to deploy, being able to highlight bottlenecks like code review and team productivity. Using this feedback loop, Haystack users have increased production deployments by 58% and achieved 70% faster cycle times on average. Contact Details Haystack Analytics Bilal Mahmood +44 7714 007257 bilal@usehaystack.io Company Website https://www.usehaystack.io/

June 07, 2021 11:00 AM Eastern Daylight Time

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Global investors back fintech KTrade - the ‘Robinhood’ of Pakistan

Stockwood Strategy

Leading Pakistani fintech stock trading app KTrade today announced it has raised $4.5m in a funding round from a range of global investors and institutions led by Hong Kong-based TTB Partners, and HOF Capital from New York. German fintech investor Christian Angermayer, the Managing Partner of German bank Berenberg David Mortlock, and leading Pakistani business families also participated in the round. KTrade is the fintech retail trading app created by KASB Securities, the leading stock brokerage in Pakistan. KTrade provides easy access to financial markets for retail investors much like its global peers such as XP in Brazil, Zerodha and Groww in India, Tiger in China, Flatex in Germany and Robinhood in the US. Since launching in 2019, KTrade has over 200,000 users and aims to reach 10 million Pakistani’s at home and abroad by 2023 to invest in stocks, bonds, commodities and mutual funds through its mobile platform. The Karachi Stock Exchange Index (KSE100) has rallied by 19% per annum over the past 20 years despite regular market cycles. The volumes have increased by 7x over the last 18 months driven by regulatory reforms and increase in retail investor participation. Retail investors now account for over 65% of overall trading volume compared to around 45% 24 months ago. KTrade aims to provide users quick and easy accessibility to this investment opportunity. Ali Farid led the creation of KTrade. He was previously the CFO of UK listed fintech company SafeCharge (acquired by Nuvei) and a Partner at Autonomous Research (acquired by Alliance Bernstein) in London. Ali is a Rhodes Scholar and has been a top ranked Technology Analyst in Europe since 2013. Ali Farid, Co-founder of KTrade commented: “People in Pakistan have traditionally turned to gold or real estate when they consider investment options. However, as the regulatory approach, authority and credibility of the Karachi Stock Exchange has grown, more people are getting comfortable with stock market investing. This is an exciting trend but accessibility to these markets remains a hurdle for millions. KTrade will enable this mobile-first population to participate in the investment opportunity. By connecting these people to companies we can drive capital trapped in unproductive assets into the formal economy which would eventually drive a virtuous cycle of economic growth and higher investments”. Pakistan is emerging on the radar of global investors as the next Indonesia. A large, young and growing middle class and high smartphone penetration have created ideal conditions for technology led disruption. KASB’s aim is to provide retail savers access to financial education, information and financial products and to help them make better financial decisions. “Most people in Pakistan lack access to formal financial products and their savings in real estate or gold offer inferior returns, are inefficient and have high transactional costs. We aim to democratise access to the capital markets and enable them to make stock market investments. The strong demand for KTrade shows that the market is ready for this transformation. Other regional and emerging markets have seen similar evolution led by successful fintech companies” added Ali Farid. “Pakistan and South Asia have some of the most exciting market dynamics and demographics globally, and KTrade is well positioned to take advantage of the democratisation of finance in the region” said Jonathan Bond, Managing Partner TTB Partners who were lead investors in the funding round. “We are delighted to be investing in the latest round of funding for KASB, and to support Ali and his first-class team on their continued journey. We have been extremely impressed by what KASB has built over the past few years, both from a tech perspective and from the educational overlay to investing, which the company has embraced. In particular, we believe that in KTrade, the company has a stellar solution to expanding stock market participation across Pakistan” added Jonathan Bond. About KASB Securities KASB is the leading stock brokerage in Pakistan. It is a member of the Pakistan Stock Exchange and Pakistan Mercantile Exchange and regulated by the Securities and Exchange Commission of Pakistan. KASB’s mission is to democratise investments by giving people in Pakistan easy access to financial information, education and products. It operates KASB Varsity, an online MOOC, and KTrade, the leading stock trading application in Pakistan. KASB’s goal is to channel capital to financial markets by broadening the breadth of the capital markets. Further information visit: https://kasb.com or follow the company on LinkedIn, Facebook, Twitter or Instagram and through YouTube. Contact Details Stockwood Strategy Bilal Mahmood +44 7714 007257 b.mahmood@stockwoodstrategy.com Company Website https://kasb.com/ktrade/

June 07, 2021 07:00 AM Eastern Daylight Time

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Agora Data Closes Its Second Crowdsourced Securitization

Agora

Agora Data, Inc., today announced the successful closing of its second crowdsourced securitization, ACAST 2021-1, on May 27, 2021. With the closing of this second transaction, the AgoraCapital program has provided 40 Buy Here Pay Here auto dealers and finance companies with nearly $200 million in subprime auto loans access to efficient, capital markets financing. The ACAST 2021-1 closing marks an important continuation of Agora’s revolutionary developments in the world of structured finance. “Our AgoraCapital program helps subprime originators proactively plan for the future. It levels the playing field by enabling dealers to borrow more money at a lower cost without the restrictions of other lending sources,” said Steve Burke, CEO of Agora Data. Burke continued, “There is simply no other affordable and abundant capital for a dealer to safely triple in size without giving up control or equity in its business.” By participating in an Agora crowdsourced securitization, subprime auto entrepreneurs can now gain access to the capital markets like the large dealer groups and institutions have with low-cost capital to maximize their financial leverage and significantly grow their businesses. Unlike traditional lending sources, not only does Agora provide the needed capital for growth but also helps dealers grow safely. Before Agora’s proprietary data-driven technology and innovative approach, BHPH dealers and small finance companies were unable to access the capital markets and abundant low-cost capital as only senior lenders and larger institutions received the more favorable lending terms. “Our first transaction in December 2020 was groundbreaking. However, in many ways, this second deal is even more significant as it solidifies that AgoraCapital and our ability to deliver for the dealer community is here to stay. Agora is well into its mission to revolutionize how dealers borrow money,” said Chris Hawke, Agora Data’s Chief Revenue Officer. Agora is passionate about revolutionizing the auto industry with innovative financial solutions. The company closed its first-ever crowdsourced auto securitization on December 29, 2020. The second transaction, ACAST 2021-1 is further proof of concept with each planned securitization becoming routine for the dealers. Buy Here Pay Here dealers and subprime originators of all sizes are gaining unprecedented access to the capital markets with a lower cost of funds along with other positive business transformation benefits. About Agora Data, Inc: Founded in 2017, Agora Data’s mission is to provide access to capital for Buy Here Pay Here dealers and small to mid-sized finance companies. Pioneered by Agora Data, AgoraCapital and AgoraCredit provide a new funding channel so small to mid-sized dealers can obtain all the cash they need to fuel growth. Agora’s proprietary, radical, AI-infused technology connects dealers and finance companies with the capital markets. For capital market stakeholders, AgoraTrade and AgoraCapital provide an opportunity to participate in a time-tested asset class previously not available. Agora Data made history by closing the first-ever Crowdsourced Subprime Auto Securitization on December 29, 2020. For more information, visit agoradata.com or contact us at 877-592-4672. Contact Details Shelly Vandeven +1 682-282-4130 media@agoradata.com Company Website https://agoradata.com/

June 02, 2021 09:03 AM Eastern Daylight Time

LambdaTest rallies global investors raising US$16m Series B funding as it rapidly scales

Stockwood Strategy

Cloud-based browser testing platform LambdaTest today announced it has secured US$16 million in Series B funding led by Sequoia Capital India. Telstra Ventures, MENA region investor Wamda Capital and a leading sovereign wealth fund also joined the series B round. Founded in 2017 by Asad Khan and Jay Singh, San Francisco-based LambdaTest is a cloud-based testing infrastructure company that allows users to seamlessly test their websites’ and apps’ look, feel and performance on over 2,000 different browsers and by operating systems and device combinations. The proliferation of devices and browsers has made it increasingly complex for developers to test their websites and apps. LambdaTest solves this problem by enabling developers to run a variety of tests through their cloud-based platform, spotlight concerns, share immediately with teams and remedy issues quickly. LambdaTest exists to support the developer community to identify defects in code much earlier in the release cycle. These defects present one of the biggest challenges and costs facing businesses. Indeed, the cost of fixing these defects once in production and release is 30x higher than addressing earlier in the development cycle. Since its launch, LambdaTest has attracted over 500,000 developers in 132 countries who have performed more than 20 million tests. Customers include SMEs and Fortune 500 companies such as Xerox, Cisco, Microsoft, Deloitte, Media.net, Coca Cola, Trepp, SurveyMonkey, Capgemini, HBR, 23andme and Dashlane. Asad Khan, CEO of LambdaTest commented: “Companies are increasingly competing on customer experience 1 and as such are releasing software updates faster, more frequently to remain relevant. In doing so, there is a greater demand for continuous testing to ensure quality releases in the production environment. In just six short months since the series A round in 2020, LambdaTest has doubled revenues and increased customer numbers by 20%. In that time headcount has doubled in size from 70 people pre-Series A to 150 today across the engineering, sales, and customer success teams. Harshjit Sethi, Principal at Sequoia India commented: “As every company is becoming a software company and deployment cycles are shrinking, testing is becoming an increasingly important part of the software development cycle. Additionally testing is now happening earlier and earlier in the development cycle as part of the ‘Shift Left’ movement that companies like LambdaTest are enabling. Operating in a USD 35 billion market for testing software and services, LambdaTest has emerged as the go-to platform for its users in browser testing, evident from its best-in-class ratings across review sites. Sequoia Capital India is excited to continue partnering with the LambdaTest team as they execute on their vision of building an end-to-end testing system for developers to enable companies to release more reliable software faster.” The number of software tests run by developers has almost doubled from 12m to over 20m in six months at LambdaTest. As developers shift to cloud-based testing, this number will grow exponentially. This trend has been accelerated by the adoption of the Shift Left approach, as more developers are testing code early before they ship to the testing cycles. “LambdaTest’s vision is to empower 23 million developers and testers worldwide with a powerful, comprehensive and secure continuous quality test platform. Our upcoming product lines will enable tech teams to ship high quality code seamlessly boosting their release velocity” added Asad Khan. Steve Schmidt, General Partner at Telstra Ventures commented: “We have an opportunity to build a very large scale and independent testing company with a modern approach to software development and that’s very exciting. Lambdatest has already signed several customers in Australia without having any local presence and we look forward to helping them build out a local APAC team to meet this demand”. The funding advances LambdaTest’s commitment to scaling the testing ecosystem and building next-generation cloud infrastructure for users. To this end, LambdaTest is broadening its reach with the tester community by engaging with developers as it launches a suite of products in 2021 designed for them to perform tests on scale. “We’ve had an exciting period of growth and there is more to come as we expand our platform capabilities and go deeper in global markets. This funding round validates our efforts in building a robust cloud testing platform that is truly resonating with the testing and developer community globally. We pride ourselves in delivering a highly reliable, stable and secure infrastructure for them to achieve success. This success is born out in the numbers as our customers have been able to increase release velocity by over 60% and half the time to market” concluded Asad Khan. About LambdaTest LambdaTest is a cloud testing infrastructure company that allows users to run both manual and automated tests on their websites and webapps across 2000+ different browsers, browser versions and operating system environments. The platform has been used to perform over 20 million tests in just three years, and is now being used by over 500,000 users across 132 different countries. Contact Details LambdaTest Bilal Mahmood +44 7714 007257 b.mahmood@stockwoodstrategy.com Company Website https://www.theeditldn.com/

June 02, 2021 05:00 AM Eastern Daylight Time

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Hyundai proceeds with launch of HX SERIES in emerging countries

Hyundai Construction Equipment Co Ltd.

Engaging in the strategic promotion of online launching event amid the current need for social distancing Introduction of high-performance strategic model HX SERIES befitting the No. 1 brand in emerging markets HYUNDAI launched on May 26 the new strategic model HX SERIES aimed at emerging markets and held the launching event online through YouTube, etc. Dealers and customers from 140-plus countries in Oceania, Africa, South America, Southeast Asia and Russia were invited to the event, where the Company explained how it came to develop the new models of excavators and its differentiated merits. The film presented for the launching, where HYUNDAI employees appeared, introduced core improvements made for each of the seven items of the HX SERIES in detail as well as the story about the development of the new models demonstrating good work efficiency based on high-output engine and price competitiveness. HX225 SL (a 20-ton class model), for one, boasts of a 19% improvement in fuel efficiency from existing ones. Its cousin, a 30-ton class model, displays improvement in durability with the reinforced boom and bucket and boasts of impressive performance. A 50-ton class model is one reborn as equipment boasting of high performance/quality, a drastic improvement from existing ones. Dealers and customers attending the event said that they were particularly impressed by the features of the new series particularly the fuel efficiency based on information collected from Hi MATE, a remote management system, and TCO (Total Cost of Ownership) competitiveness through enhanced productivity. “We aim to be the No. 1 excavator brand in emerging markets with new models displaying sheer competitiveness and durability obtained through our R&D efforts,” said the Company’s Managing Director Byeon Jeom-seok, who is serving as Head of the Overseas Sales Division. “The HX SERIES of excavators are expected to play a significant role in our effort to join the top-tier group of players in the global construction equipment market,” said the Company’s Senior Managing Director Moon Jae-yeong, who is serving as Head of Sales HQ, in his keynote speech. He asked the dealers and customers who attended the event to work with the company in its plan to leap forward with the introduction of the new series of equipment. Hyundai ‘All New HX Series' Unpacked Official film is available at HYUNDAI’s YouTube channel. https://www.youtube.com/watch?v=OGv058mqQiw For inquiries, please contact ☎031-8006-6246 Contact Details Hyundai Yejin Lee +82 10-5185-5336 yejin.lee@hyundai-ce.com Company Website https://www.hyundai-ce.com

June 01, 2021 05:55 AM Eastern Daylight Time

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