EQS-News: Luxoft and Rinspeed Showcase 'microSNAP', an Autonomous Mobility Concept Vehicle for Personalized Digital Lifestyles at CES 2019

LAS VEGAS, NV / ACCESSWIRE / December 20, 2018 / Luxoft Holding, Inc (NYSE: LXFT) and Rinspeed, Swiss powerhouse of future transportation, have partnered to create the 'microSNAP', an autonomous mobility concept vehicle for the shared economy as a World Premier at CES 2019.

The new two-seater concept vehicle showcases how consumers can connect every aspect of their unique digital lifestyle for tomorrow's shared and autonomous mobility services. The vehicle fully integrates consumers' personalized digital lifestyles into the riding experience and provides occupants of the vehicle with their own personalized passenger economy and experience.

By leveraging Luxoft's expertise in autonomous driving and ADAS, the 'microSNAP' allows visitors to glimpse the future of autonomous driving and how advanced vehicle intelligence will transform the riding experience.

"We're thrilled to work with Rinspeed to help us present the future of shared mobility at CES. As the sharing industry continues to disrupt the automotive market, the concept of ownership is changing," said Alwin Bakkenes, Executive Vice President of Automotive at Luxoft. "The Rinspeed 'microSNAP' autonomous mobility concept vehicle shows how automakers and their suppliers can create tomorrow's intelligent shared and autonomous mobility solutions today."

"The 'microSNAP' underlines once more our longtime philosophy of 'power of partnerships' to create sustainable, innovative and out-of-the-box mobility solutions for a better tomorrow" said Frank M. Rinderknecht, Company head at Rinspeed. "These partnerships cover all relevant facets of a future vehicle ranging from materials, technologies to services and - last but not least - the comprehensive eco-system as the backbone of this unique and exciting vision".

Together with its strategic partners, Luxoft and Rinspeed will showcase a new riding experience that addresses current and future autonomous, digital cockpit and usability trends which see consumers using throughout their daily life.

Luxoft is contributing in the 'microSNAP' with the following technologies:

• Reliable objective recognition and classification supported by senor algorithms
• Detailed environment model creation through sensor data fusion
• Autonomous driving functions engineering

Please visit our website or email Press@luxoft.com for more information.

About Luxoft

Luxoft (NYSE:LXFT) is a global IT service provider of innovative technology solutions that delivers measurable business outcomes to multinational companies. Its offerings encompass strategic consulting, custom software development services, and digital solution engineering. Luxoft enables companies to compete by leveraging its multi-industry expertise in the financial services, automotive, communications, and healthcare & life sciences sectors. Its managed delivery model is underpinned by a highly-educated workforce, allowing the Company to continuously innovate upwards on the technology stack to meet evolving digital challenges.

Luxoft has approximately 12,900 employees across 42 offices in 22 countries within five continents, with its operating headquarters office in Zug, Switzerland. For more information, please visit www.luxoft.com.

Forward-Looking Statements

This news release of Luxoft Holding, Inc ("Luxoft") contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, and Section 21E of the Securities Exchange Act of 1934. These forward-looking statements include information about possible or assumed future results of our business and financial condition, as well as the results of operations, liquidity, plans and objectives. In some cases, you can identify forward-looking statements by terminology such as "believe," "may," "estimate," "continue," "anticipate," "intend," "should," "plan," "expect," "predict," "potential," or the negative of these terms or other similar expressions. These statements are subject to, without limitation, the risk factors discussed under the heading "Risk Factors" in Luxoft's Annual Report on Form 20-F for the year ended March 31, 2018 and other documents filed with or furnished to the Securities and Exchange Commission by Luxoft. Except as required by law, Luxoft undertakes no obligation to publicly update any forward-looking statements for any reason after the date of this news release whether as a result of new information, future events or otherwise.

Investor Inquires

Tracy Krumme, 212-964-9900 ext. 2460
Vice President, Investor Relations
IR@luxoft.com

Media Inquiries

Robert Maccabe
Director, Public Relations
t: +44 (0)20 3828 2346; m:+44 7950 517 836
Press@luxoft.com
Twitter: @Luxoft

SOURCE: Luxoft Holding, Inc