DGAP-News: HWA AG / Key word(s): Miscellaneous HWA AG will join Formula E for Season 5 09.05.2018 / 13:21 The issuer is solely responsible for the content of this announcement. --------------------------------------------------------------------------- HWA AG will join Formula E for Season 5 HWA set to become a customer racing team with VENTURI for 2018/19 ABB FIA Formula E Championship - Most successful team ever in DTM history is joining ABB FIA Formula E Championship - Extension of existing technical partnership with VENTURI as a customer racing team in Season 5 - Ulrich Fritz: "Formula E is a completely new motor racing discipline with extremely tough competition" Affalterbach, 09 May 2018 - New area of activity for HWA AG. The company is set to join the ABB FIA Formula E Championship for the upcoming 2018/19 season (subject to official FIA confirmation) of the all-electric racing series as a customer racing team with VENTURI, who have competed in Formula E since the inaugural 2014/15 season. HWA AG has been partners with VENTURI since the start of Season 4 in the role as a provider of technical support. Two Mercedes-AMG Motorsport drivers - Edoardo Mortara and Maro Engel - are in the current line-up for the Monaco-based team this season. "Formula E is a completely new motorsport discipline with extremely tough competition," says Ulrich Fritz, CEO of HWA AG. "It's a challenge that we're very happy to rise to. HWA AG are the most successful team ever in DTM history. Our goal is to continue the company's success story in Formula E. At the same time, Formula E with its unique concept offers a completely new perspective on the future for motorsport. The series is characterised by its innovative pioneering spirit and by its willingness to develop new ways of interacting with the fans. The street races in the heart of some of the world's largest and most important cities open up many opportunities to appeal to an entirely new audience and to get them fired up for racing and for sustainable technologies of the future. In combination with the fierce competition on the racetrack, this is the perfect platform to demonstrate our core competencies on a global stage and to measure ourselves against the best teams." Gildo PASTOR, President of VENTURI AUTOMOBILES says: "I'm delighted to contribute to HWA AG's arrival as a Formula E team by providing them our VENTURI Gen2 cars for the next season. Our partnership over the current season is a win for both organisations. I have no doubt that VENTURI AUTOMOBILES' experience in high performance electric vehicles will be a valuable asset for HWA AG, who will be keen to add to an already impressive record." Alejandro AGAG, Founder & CEO of Formula E says: "Not only does Formula E have a new-look and unique visual identity for season five with the futuristic next generation car - but we also have exciting news with a new team entering the ABB FIA Formula E Championship in HWA AG. It's rewarding to see a name so synonymous with racing joining the already impressive and growing list of teams and manufacturers competing in Formula E. They have a proven track record in other categories and will surely push to replicate similar achievements in Formula E as we enter a new era of fully-electric racing. I'm glad to welcome Ulrich and HWA AG to the Formula E family. I'm eager to see them hit the track as a customer team later this year." Successful motor racing pedigree Founded in 1998, HWA AG has a long and distinguished motor racing pedigree. The company is under contract to Daimler AG's motorsport department to provide a full range of services in the DTM for the brand with the three-pointed star. And so, once again in 2018, during Mercedes-AMG Motorsport's special 30-year DTM anniversary season, HWA are totally responsible for the development and assembly of the DTM cars, including engines, as well as all other tasks associated with the smooth running of the racing team. A look at the statistics shows that HWA are the most successful team in DTM history. The Mercedes-AMG Motorsport DTM Team has secured ten drivers', 13 team and six constructors' titles since joining the DTM as a works outfit. During the same period, Mercedes-AMG Motorsport DTM drivers have won 182 races, including 105 one-two victories. HWA AG has been involved in the manufacture and servicing of Formula 3 racing engines since 2003. HWA AG also developed the racing version of the Mercedes-Benz SLS AMG in close cooperation with Mercedes-AMG for the launch of the AMG Customer Sports Programme towards the end of 2010. 2016 marked the start of a new era for Mercedes-AMG Motorsport's Customer Sports Programme with the introduction of the totally reworked racing version of the Mercedes-AMG GT, which was supplemented last year by the Mercedes-AMG GT4. The new Mercedes-AMG GT4 has since got off to a perfect start in the world of motorsport. From the 2018/19 season onwards, HWA AG faces an entirely new challenge with its entry into the ABB FIA Formula E Championship, the world's first all-electric single-seater racing series. Contact Investor Relations/ Press: HWA AG Volker Glaser / Jens Birkelbach Benzstraße 8 71563 Affalterbach Telefon: + 49/ (0) 7144/ 8717- 279 Telefax: + 49/ (0) 7144/ 8718- 111 [email protected] [email protected] www.hwaag.com --------------------------------------------------------------------------- 09.05.2018 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement. The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.dgap.de --------------------------------------------------------------------------- Language: English Company: HWA AG Benzstraße 8 71563 Affalterbach Germany Phone: +49 (0)7144 87 17-279 Fax: +49 (0)7144 87 18-111 E-mail: [email protected] Internet: http://www.hwaag.com ISIN: DE000A0LR4P1 WKN: A0LR4P Listed: Regulated Unofficial Market in Berlin, Dusseldorf, Frankfurt (Basic Board), Munich, Stuttgart, Tradegate Exchange End of News DGAP News Service --------------------------------------------------------------------------- 684271 09.05.2018