Aug 07

Tantalum drives connected car agreement with SAP

Tantalum Corporation Signs Agreement with SAP to Deliver One-click Parking Payments for Motorists with Connected Cars

Industry disruptor to deliver in-car services and streamlined customer billing

London, UK, 7 August, 2017: Tantalum Corporation (Tantalum) today announced an agreement with SAP to integrate SAP® Vehicles Network into Tantalum’s Pay.Car end-to-end payment platform for connected cars, making it easier for motorists to find and pay for services with just one click. Starting with parking, Pay.Car with SAP Vehicles Network will help drivers to find an available parking space quickly and pay securely without needing to find spare coins or load a separate app on their phone.

Pay.Car is the world’s first dedicated end-to-end billing, payment and data management platform for connected vehicles. It provides a robust, secure and scalable transaction platform to drive growth, adoption and monetisation of the connected car, storing financial details securely and providing customers with one combined, easy-to-read bill for all the services used. Pay.Car is also unique in its ability to share revenue across service providers, helping them maximise the new growth opportunities presented by the connected car.

Convenience of payment is not the only benefit of this new service. Customers using Pay.Car with SAP Vehicles Network will be better able to save time and reduce fuel consumption by navigating efficiently to an available parking space, thereby reducing harmful CO2 and NOx emissions. Tantalum is committed to reducing the car’s contribution to global pollution levels through innovation in automotive technology. To this end, the company has already secured patents for real-time CO2 emissions monitoring and has also partnered with Imperial College London to research real-time monitoring of NOx emissions.

The potential game-changing, global impact of Pay.Car and the company’s Air.Car system was recently recognised at London Tech Week’s TechXLR8 Awards. Tantalum was presented the “Innovation in Connected Services” award thanks to its potential to address crucial industry and social challenges.

Ozgur Tohumcu, CEO of Tantalum, commented, “Parking is just the first step. The connected car services market will grow exponentially in the next few years as consumers demand access to increasingly rich content and services from the comfort of their car.”

He continued, “Our agreement with SAP will help give consumers access to parking services globally through our platform and be able to pay with a single click. This agreement takes us one step closer to fulfilling our mission to build a connected car marketplace that brings together all vehicle-related services with one easy payment system. Next, we will widen the Pay.Car platform into areas that include insurance, vehicle recovery and on-demand breakdown services, among others.”

“Today, consumers expect a digital, immediate and intuitive experience anywhere and anytime,” said Gil Perez, SVP IoT & Digital Supply Chain, General Manager Connected Vehicles, SAP. “SAP Vehicles Network is helping Tantalum to transform a stressful and unpredictable parking experience into a stress-free, efficient and predictable experience from start to end. By incorporating SAP Vehicles Network micro services into its solution, Tantalum will be positioned to offer an actionable user experience beyond parking data, including digital payment and integration with travel management applications like those from Concur. Additional SAP Vehicles Network services such as ‘connecting fuelling’ can be offered through the Tantalum connected car marketplace to help further accelerate t scale and global rollout.”

 

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About Tantalum

Tantalum Corporation (“Tantalum”) is a leading innovator in the connected car space as an end-to-end services provider. As a best-in-class technology company, and building on proven value propositions, Tantalum’s mission is to offer the most innovative and open marketplace for aggregation and monetisation of vehicle-related services.

Tantalum’s proposition is concentrated around ‘the connected vehicle’ – a £400bn global market, with an addressable market of over 700mn vehicles. Basing its proposition on proven deliverables, including fuel savings (average 12% and up to 22%), reduction in insurance claims of up to 53%, reduction of emissions by up to 20%, and the recovery of over £500m in stolen vehicles.

To drive the connected vehicle market forward, Tantalum has engaged with trusted partners to create the next generation “go-to” global ecosystem for the connected vehicle. Tantalum has built a device-agnostic platform to be integrated with non-proprietary platforms such as Android and iOS smartphones; and for in-vehicle embedded solutions, included in autonomous vehicles. Tantalum reliably connects its data and billing platform to customers’ value chains. Customers include telecom operators, auto manufacturers, insurance underwriters and brokers, government agencies and consumers.

Tantalum’s partners include global technology and automotive leaders: Samsung, TomTom, ATOS Worldline, SAP, PwC, Jaguar Land Rover and TNT.

 

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SAP Forward-looking Statement

Any statements contained in this document that are not historical facts are forward-looking statements as defined in the U.S. Private Securities Litigation Reform Act of 1995. Words such as “anticipate,” “believe,” “estimate,” “expect,” “forecast,” “intend,” “may,” “plan,” “project,” “predict,” “should” and “will” and similar expressions as they relate to SAP are intended to identify such forward-looking statements. SAP undertakes no obligation to publicly update or revise any forward-looking statements. All forward-looking statements are subject to various risks and uncertainties that could cause actual results to differ materially from expectations The factors that could affect SAP’s future financial results are discussed more fully in SAP’s filings with the U.S. Securities and Exchange Commission (“SEC”), including SAP’s most recent Annual Report on Form 20-F filed with the SEC. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of their dates.

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