Termination of the exclusive distribution contract between GAUSSIN and BLYYD

GAUSSIN (ALGAU - FR0013495298), world leader in innovative transport solutions, announces the end of its exclusive distribution contract with BLYYD, signed on March 18, 2016. This decision prohibits BLYYD from marketing the ATM by Gaussin and puts an end to all relations with GAUSSIN suppliers.

The termination follows multiple unsuccessful attempts to resolve BLYYD's breaches. At issue: the absence of compliant orders since May 2023 and the refusal to comply with formal notices. Numerous unpaid bills and conflicts over intellectual property worsened the situation, with GAUSSIN having borne the R&D costs alone.

GAUSSIN affirms that orders placed before this termination will be maintained. This decision does not affect the manufacturer's warranty or after-sales service. The company remains mobilized to meet the demands of current users.

GAUSSIN is focused on establishing new partnerships to deploy its ATMs in France and Europe. The R&D department is working on version 2.0 of the ATM, aiming to offer a lighter and more efficient vehicle. To date, the ATM fleet has traveled more than 1.5 million kilometers, avoiding the emission of 6,000 tons of CO2.