PRESS RELEASE

Sep 30, 2019

Global Mobility Service and DENSO to begin testing refrigerated delivery service inIndonesia- Field test will research incorporating small, refrigerated parcels into transport
service Global Mobility Service, Inc., (GMS) and DENSO Corporation announced today that in October they
will begin field testing a new transport service incorporating small refrigerated parcels to deliver fresh
food and other products to commercial facilities and households in Indonesia. In the field test, GMSand DENSO aim to build a cold chain logistics network in the country, and identify and solve potential
issues in establishing a new commercial business model for the future.

In Southeast Asia, there is growing demand for frozen and refrigerated food delivery due todiversifying dietary habits, economic growth and the spread of e-commerce. However, current
refrigerated logistics services still experience issues with food safety and quality, and it isnecessary to improve the effectiveness of refrigerated trucks in the region. The increased
demand for deliveries also serves as an opportunity to create new delivery driver jobs, particularly
for those in need of work.
During the field test, small, refrigerated trucks equipped with DENSO’s small freezer will be lentto drivers. Drivers will then deliver fresh and frozen food for shippers. GMS and DENSO will
examine the needs for transportation services of refrigerated parcels and driver’s revenues fromdelivering fresh and frozen food for shippers. The two companies will aim to operate services
using GMS’s loan repayments system*in the near future and open the delivery job for those who
do not have enough income to take out a loan for a truck as well as improve refrigerated transport
services in Indonesia.
As a global startup from Japan specializing in financial inclusion business, GMS conducts
business in Japan and other countries in Southeast Asia. Through our vision “We make people
happy through the provision of mobility service,” we work towards realizing a system in which
every individual is correctly evaluated for their work. In order to create opportunities for the 1.7
billion people who do not have access to financial services, we will continue our efforts as asocial-problem-solving company.
In March 2017, DENSO took its first stake in GMS to verify the development potential of themobility IoT business. In August 2019, DENSO took an additional stake to develop and expand
the business for commercial vehicles in emerging countries. The company will continue to identify
the needs and issues of service providers, promote market-oriented business development, andaccelerate efforts to build the logistics network including the cold chain.
GMS and DENSO will work on the safe and secure transport of food and contribute to creatinga sustainable society to improve the lives of people who wish to work by deploying innovative
services using IoT technologies in cooperation with partner shippers and financing companies.

*Content of this press release, matters related to capital, services, contact information, and other information is based on
information at the time of the press release. Changes may be made without notice.

[Inquiry Recipient]
DENSO Corporation Suzuki TEL: +81-566-55-9736
Global Mobility Service Inc. Okubo Tel：+81-3-6264-3113■Overview of the field test
Date of conclusion ofagreement

June 10, 2019

Objective

To verify the business feasibility of offering services to transport
refrigerated small parcels in order to build a cold chain logistics
network in Indonesia

Details(including matters to bestudied)• Visit candidate shippers who are willing to participate in the fieldtest• Verify the economic rationality of financial institutions providing
loans to delivery drivers after the field test
• Conduct a survey on business feasibility in ASEAN and othercountries and conduct test marketing• Conduct a study to gather and analyze the temperature
management data of freezers and refrigerators manufactured byDENSO■Overview of Global Mobility Service Inc.
GMS has built a FinTech service model that utilizes the IoT device “MCCS*1” enabling remote start
control of proprietary vehicles and the mobility service platform “MSPF *2”, and provided them to theJapanese and ASEAN markets. We joined Keidanren (Federation of Economic Organizations) inMarch 2019 and have attracted attention as a business model with high affinity with Society 5.0 for
SDGs. Also, Nakashima was elected as a member of the “SDGs Management / ESG Investment
Study Group” of the Ministry of Economy, Trade and Industry and contributed to publish the “SDGsManagement Guide”. This GMS model has been highly evaluated as a model case project forachieving the SDGs.
*1“MCCS” refers to Mobility-Cloud Connecting System, which is a system that specifies the location of the car and enables
safe remote operation, as well as sensing.
*2“MSPF” refers to Mobility Service Platform, which is a platform system that performs management, control, data analysis,etc. for mobility, and enables linkage with external systems via Open API in the cloud.

■Overview of DENSO Corporation
DENSO is a $48.3 billion global mobility supplier that develops advanced technology andcomponents for nearly every vehicle make and model on the road today. With manufacturing at its
core, DENSO invests in its 211 facilities in 35 countries to produce thermal, powertrain, mobility,electrification, & electronic systems, to create jobs that directly change how the world moves. The
company’s 170,000+ employees are paving the way to a mobility future that improves lives, eliminates
traffic accidents, and preserves the environment. Globally headquartered in Kariya, Japan, DENSO
spent 9.3 percent of its global consolidated sales on research and development in the fiscal year
ending March 31, 2019. For more information about global DENSO, visit
https://www.denso.com/global