DENSO, Honeywell Partnership Takes Off to Create Electric Propulsion Systems for Urban Air Mobility

– Partnership allows DENSO opportunity to bring world-class automotive technology, design and development capabilities at a mass scale into Urban Air Mobility space –

KARIYA, Japan ― DENSO, the world’s second largest mobility supplier, has partnered with Honeywell (NYSE: HON), a Fortune 100 company and aerospace manufacturer, to develop hybridelectric and fully-electric propulsion systems for urban air mobility. By converging their automotive and aerospace expertises, DENSO and Honeywell seek to create propulsion systems that make air travel cleaner, quieter, more efficient and easier to maintain.

Urban air mobility is intended to provide more efficient movement of people and things within cities to improve safety and decrease ground traffic. It also offers opportunities in sustainability, as major advancements in materials, generators and motors, are making electric-powered flight possible, practical and affordable. Honeywell and DENSO see urban air mobility vehicles as a key component of the future of mobility.

DENSO, a global leader in electrification technology, has decades of experience in developing and producing world-class electrified propulsion units, including traction motors and inverters, at highmass production volume.

About DENSO Corporation

DENSO is a $48.3 billion global mobility supplier that develops advanced technology and components 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

Contact:

DENSO CORPORATION

Yu Matsuda

yuu_matsuda@denso.co.jp

Natsumi Suzuki

natsumi_suzuki@denso.co.jp

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