Press release

KENDAXA JOINS THE SAP® PARTNEREDGE® PROGRAM TO DELIVER ITS INTELLIGENT INDUSTRY SOLUTIONS

INTRODUCING ARTIFICIAL INTELLIGENCE (AI) DRIVEN BILL OF MATERIAL (BOM)
QUALITY MANAGEMENT

Leipzig, June 21, 2021

KENDAXA announced today that it has joined the SAP® PartnerEdge® program as a partner that designs, develops, and
builds software integrating with SAP solutions. The company’s KENDAXA’s BOM validator helps enable
increased productivity in engineering, accelerated delivery capability and significant cost savings due to enhanced error detection and reduced production errors.

“We are excited to be an SAP partner in the SAP PartnerEdge program,” said Roland Hoelscher, Managing Director
and Chief Revenue Officer of KENDAXA. “Through this partnership, our company is now able to develop innovative
solutions as built on SAP Business Technology Platform to complement to SAP technology and gain a competitive
edge through the impressive SAP ecosystem. We look forward to a strong partnership with SAP to help create added
value for customers.”

Bill of Material (BOM) validation systems are becoming increasingly complex, often beyond what is manageable with
traditional systems. Discrete manufactures encounter accelerated demand to create variations of existing product
offerings. Changes in technology and materials, customer demand for variants and innovation, regulatory
requirements, and an ever increasing and frequently changing number of integrated electronic components in
products and machinery contribute to this complexity. Intelligent algorithms help detect patterns and
dependencies to simplify and manage these systems.

KENDAXA has joined the SAP PartnerEdge program to bring its solutions to the SAP ecosystem. The BOM validator is
the company’s unique flagship product from its intelligent industry solutions for product lifecycle management.
The product is an AI-based, continuously evolving and self-learning solution for automated quality assurance of
complex bill-of-materials (BOM) in discrete manufacturing.

The BOM validator delivers due to AI enhanced error detection in BOMs:

  • Increased productivity in engineering
  • Accelerated delivery capability
  • Reduced production errors
  • Significant cost savings across the value chain of product life cycle management

As an SAP partner in SAP PartnerEdge, KENDAXA is empowered to build, market and sell software applications that
supplement and build on SAP software and technology. The SAP PartnerEdge program provides the enablement tools,
benefits
and support to facilitate building high-quality, disruptive applications focused on specific business needs –
quickly
and cost-effectively. The program provides access to all relevant SAP technologies in one simple framework under a
single, global contract.

KENDAXA

KENDAXA, founded in 2017 and with offices in Leipzig, Germany, and Prague, Czech
Republic,
is a B2B IT company specializing in the creation of software solutions leveraging artificial intelligence (AI),
machine learning (ML), and data science for customers in the manufacturing and financial services industries.
Its
focus is on the intelligent automation of industrial engineering and production processes in conjunction with
Product Lifecycle Management systems (PLM) as well as on intelligent document processing (IDP) including image
and
video footage for the automation of decisions and workflows. We stand for AI-based data aggregation and data
profiling as well as digitisation and automation of corporate processes.

Transforming Data to Create the Future of Intelligent Business
Operations.


Any statements in this release that are not historical facts are
forward-looking
statements as defined in the U.S. Private Securities Litigation Reform Act of 1995. All forward-looking
statements
are subject to various risks and uncertainties described in SAP’s filings with the U.S. Securities and Exchange
Commission, including its most recent annual report on Form 20-F, that could cause actual results to differ
materially from expectations. SAP cautions readers not to place undue reliance on these forward-looking
statements
which SAP has no obligation to update and which speak only as of their dates.

SAP and other SAP products and services mentioned herein as well as their respective logos are trademarks or
registered trademarks of SAP SE in Germany and other countries. Please see https://www.sap.com/copyright for additional trademark information and
notices. All other product and service names mentioned are the trademarks of their respective companies.


For more information:
news@kendaxa.com