Taqeem and Solera Launch Strategic Partnership to Introduce Digital Technologies for the Automotive, Fleet, Property and Digital Identity Ecosystem in the Kingdom of Saudi Arabia - Seite 2

Solera and Taqeem view this agreement as a long-term partnership to transform Saudi Arabia and the Middle Eastern region by introducing intuitive and disruptive digital solutions for the mobility space, thereby equipping consumers with next-generation tools for managing life's most important assets—their cars, properties and digital identities.

About Taqeem

The Saudi Authority for Accredited Valuers (TAQEEM) was established as a body of an independent, non-profit and judicial nature, operating under the Ministry of Commerce and Investment. TAQEEM has the role of organizing and developing the valuation profession, qualifying and accrediting Valuers across asset classes. TAQEEM aims to regulate and develop the valuation profession, accredit qualified valuers and apply the International Valuation Standards to increase the community trust and awareness in the valuation profession

About Solera

Founded and continuously led by inventor and entrepreneur Tony Aquila, Solera is a global leader in digital technologies that connect and secure life's most important assets: our cars, trucks, homes and identities. Today, Solera processes over 340 million digital transactions annually for approximately 240,000 partners and customers in nearly 90 countries. For more information, please visit solera.com.

Cautions about Forward-Looking Statements

This press release contains forward-looking statements, including statements about: the benefits of the partnership between Solera and Taqeem (the "Partnership"), including but not limited to: the establishment of accredited damage calculation standards, a salvage auction ecosystem and an accredited vehicle valuation methodology; the potential establishment of a training and research center in Saudi Arabia; the potential further development and proliferation of Solera's products and solutions (including, but not limited to the Digital Garage and IVAS) within Saudi Arabia and the Middle Eastern region; and the expected benefits of the Partnership to automobile, mobility and insurance industry participants within Saudi Arabia and the Middle Eastern region. These statements are based on current expectations, estimates and assumptions and are subject to many risks, uncertainties and unknown future events that could cause actual results to differ materially. Actual results may differ materially from those set forth in this press release due to the risks and uncertainties inherent in transactions of this nature, Solera's business and Taqeem's business, including, without limitation: the failure to realize the expected benefits of the Partnership; the failure to achieve commercial acceptance of present and future Solera solutions, products and services; risks associated with and possible negative consequences of acquisitions, investments, joint ventures and similar transactions; successfully combining Solera's solutions, products and services with or into other Taqeem solutions, products and services; continued adoption of Solera's and Taqeem's solutions, products and services; and the effects of competition on product and service pricing and Solera's and Taqeem's business. Solera and Taqeem are under no obligation to (and specifically disclaim any such obligation to) update or alter any forward-looking statements whether as a result of new information, future events or otherwise.