THE JOINT VENTURE OF ELEKTROBIT AUTOMOTIVE GMBH, A SUBSIDIARY OF ELEKTROBIT CORPORATION, AND AUDI ELECTRONICS VENTURE GMBH (AEV) EXPANDS ITS BUSINESS FROM INFOTAINMENT SOFTWARE TO CONNECTED INFOTAI...

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Free for publication on October 26, 2012, at 5 p.m. (CEST+1)
THE  JOINT VENTURE  OF ELEKTROBIT  AUTOMOTIVE GMBH,  A SUBSIDIARY  OF ELEKTROBIT
CORPORATION,  AND AUDI ELECTRONICS VENTURE GMBH  (AEV) EXPANDS ITS BUSINESS FROM
INFOTAINMENT SOFTWARE TO CONNECTED INFOTAINMENT SOLUTIONS

Elektrobit Automotive GmbH, a subsidiary of Elektrobit Corporation (EB) and Audi
Electronics  Venture GmbH (AEV), a subsidiary of AUDI AG, have decided to expand
their   joint   venture  activities  in  e.solutions  GmbH  to  include  systems
engineering  and provide  systems integration  services to  AUDI AG and other VW
Group  companies for their future connected infotainment solutions. To build the
required  engineering competences and capacity, the joint venture will establish
a new site in Ulm, Germany. By end of 2013 e.solutions is planning to hire up to
100 R&D  engineers in Ulm, leveraging the existing knowledge base and competency
in systems integration and software development.

Since  its establishment  in June  2009, the joint  venture has  been developing
infotainment  software for Audi's  and other VW  Group's new in-car infotainment
systems.  Audi is already using the infotainment software suite developed by the
joint  venture in its high-end infotainment system  in the new A3 model launched
this  year.  The  joint  venture  is  headquartered  in  Ingolstadt  and  it has
approximately  130 employees. EB holds a 51% stake  in the joint venture and AEV
holds  the remaining 49%. Since 2009 e.solutions has been included as subsidiary
in Elektrobit Corporation's consolidated financial statements.

The  expansion of the joint venture has  no significant impact on the net sales,
operating  result  and  balance  sheet  of  EB  in 2012 and 2013, and thereby no
material impact on EB's current financial outlook for 2012.


Oulu, October 26, 2012

EB, Elektrobit Corporation
Jukka Harju
CEO


Further information:

Jukka Harju
CEO
Tel. + 358 40 344 5466

Alexander Kocher
President, EB Automotive Business Segment
Tel. +49 9131 7701 6598

Distribution:

NASDAQ OMX Helsinki
Principal media


Elektrobit Corporation (EB)
EB creates advanced technology and turns it into enriching end-user experiences.
EB  is specialized  in demanding  embedded software  and hardware  solutions for
wireless and automotive industries. The net sales for the year 2011 totaled MEUR
162.2. Elektrobit    Corporation    is    listed   on   NASDAQ   OMX   Helsinki.
www.elektrobit.com

EB's Automotive Software Business
EB's  Automotive Software Business has established itself internationally as one
of  the  most  important  suppliers  of  embedded  software  solutions  for  the
automotive  industry. In addition to the  development of innovative products, we
also  specialize  in  services  and  consulting  for  the  automotive  industry,
supplying  implementations of  serial software  solutions for  a broad  range of
AUTOSAR  and  FlexRay,  Infotainment,  Navigation,  HMI  and  Driver  Assistance
systems.  EB continues to invest in feature integration and development tools so
that  the  in-vehicle  devices  get  to  market  more quickly and ship in volume
sooner. www.automotive.elektrobit.com

AEV, Audi Electronics Venture GmbH
Audi Electronics Venture GmbH (AEV) was established in 2001 as a full subsidiary
of AUDI AG. The objective of AEV is to implement automotive innovations based on
new  technologies. This can be achieved by  making use of AEV's own function and
software   development  as  well  as  associated  companies  and  co-operations.
Therefore  AEV is a single point of  contact for high-tech entities in the field
of electronics and software.

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