GOVECS AG has entered into a licence arrangement with BMW AG. According to the agreement, GOVECS will be licensed to use a pending patent safety technology developed by BMW for two-wheelers - for a period of four years as the exclusive manufacturer. Based on these intellectual property rights, GOVECS plans to develop and produce an e-scooter of the performance categories L1e and L3e with special safety features. Thanks to the unique safety concept, GOVECS' aim is to allow this scooter to be exempt from mandatory helmet use. In doing so, GOVECS will develop a completely new product segment with high market potential both in the sharing segment as well as in the end-customer market. The market launch of the planned new e-scooter model is envisioned for the year 2021.