Bayanat and AUTOCRYPT Sign MOU to Advance Autonomous Driving and AI Smart Roads in the Region

​​Abu Dhabi, UAE April 25, 2024 —Bayanat, (ADX: BAYANAT) a leading provider of AI-powered geospatial solutions, has today signed a memorandum of understanding (MoU) with AUTOCRYPT, an industry-leading V2X security provider and system integrator, to combine its expertise in vehicle-to-everything (V2X) infrastructure deployment with Bayanat’s AI Smart Roads, enabling and advancing Level 4+ autonomous driving. 

 

The MoU was signed by Bayanat COO, Abdulla Al Shamsi and AUTOCRYPT Chairman and Co-founder, Seokwoo Lee at DRIFTx, an international exhibition supported by the Abu Dhabi Investment Office (ADIO) dedicated to advancing the future of smart and autonomous mobility across air, land, and sea. Under the agreement, Bayanat and AUTOCRYPT will explore a V2X infrastructure deployment strategy, joint R&D projects, and joint collaboration opportunities. 

 

By combining their expertise to accelerate the development of core technologies for the future of transportation, the companies will develop a comprehensive V2X infrastructure plans. 

 

Abdulla Al Shamsi, Chief Operating Officer of Bayanat, commented: “Our partnership with AUTOCRYPT marks a pivotal moment in our journey towards revolutionizing AI autonomous driving and Smart Road technology. Bayanat is well aligned with the UAE’s strategy for sustainability and is developing technology to provide cutting-edge solutions to mobility, while also allowing for streamlined travel that is not limited by human error. This partnership supports the UAE’s dedication to improving urban development by prioritizing smart mobility and infrastructure initiatives that make our cities more efficient, sustainable, and livable."

 

Seokwoo Lee, Chairman of AUTOCRYPT, commented: “We are thrilled to collaborate with Bayanat on developing secure and reliable V2X infrastructure for the UAE’s smart roads. Having played a major role in all of South Korea’s V2X infrastructure development projects throughout the past decade, we look forward to contributing our expertise to this rapidly expanding market.”

As an anchor sponsor of DRIFTx, Bayanat showcased its smart mobility solutions, featuring its lineup of autonomous vehicles such as TXAI, Robotaxi, and Robo Minibus.

 

For more information about Bayanat’s Smart Mobility Solutions (SMOS) division, visitwww.bayanat.ai.

Bayanat, an ADX-listed public company with majority shareholding by G42, provides comprehensive world-class AI-powered geospatial solutions to a growing number of sectors such as Government Services, Environment, Energy & Resources, Smart Cities and Transportation. Its offering includes topographic, hydrographic, and aeronautical products and charts, as well as spatial data surveying, analysis, management, modeling, visualization, and cartography services. Bayanat’s solutions harness vast amounts of premium and unique data from a range of sources including Satellites, High Altitude Pseudo Satellites (HAPS) and Earth Observation powered by AI to drive geospatial intelligence (gIQ).

 

On the 18th of December 2023, the Board of Directors of each of Bayanat AI PLC (Bayanat) and Yahsat recommended a merger of the two entities to its shareholders. The proposed merger aims to create an AI-powered space technology champion in the MENA region with global reach. Bayanat and Yahsat will continue to operate independently until regulatory approval is received and the merger is effective, which is expected to take place in mid-2024. Visit the merger microsite for more information: www.asharedambition.com    

 

AUTOCRYPT is the industry leader in automotive cybersecurity and V2X infrastructure development. The company specializes in the development and integration of security software and solutions for software-defined vehicles, V2X communication infrastructure, and EV charging infrastructure (including Plug&Charge), paving the way towards a secure and reliable C-ITS ecosystem for Level 4+ autonomous driving. AUTOCRYPT has been the sole V2X security provider for all of South Korea's smart roads and has secured millions of vehicles for global OEMs.

 

Contact: Niamh McKevitt, TrailRunner International; niamh.mckevitt@trailrunnerint.com 

 

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