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• Siemens Arts Program engaging for first time in Alexandria, Egypt, with a production of Mozart’s opera “Don Giovanni”
• German-Egyptian education project set to provide fresh momentum for opera tradition in Alexandria
• Don Giovanni premiering at Bibliotheca Alexandrina on May 18, 2023

Siemens intends to further expand its cultural commitment in Egypt and is supporting an exceptional opera production in Alexandria for the first time. Together with the German cultural institution Goethe-Institut, the Egyptian conductor Nayer Nagui and the Bibliotheca Alexandrina library, the Siemens Arts Program is making the Egyptian premiere of Mozart’s “Don Giovanni” possible. The performance will take place at the Bibliotheca Alexandrina at 7 p.m. on Thursday, May 18, 2023.

• World premiere of “Industrial Operations X” for highly flexible industrial processes; plus new use cases with “Building X” – a scalable digital platform for buildings
• Offerings part of Siemens Xcelerator – an open, digital business platform
• German Chancellor Olaf Scholz to visit Siemens’ booth, D53 in Hall 9

Strained supply chains, geopolitical uncertainties, skilled-labor shortages and climate change are increasing the pressure to digitalize and automate value chains – always with the aim of becoming faster, more adaptable and more resilient. For this reason, Siemens will use “Accelerate Transformation” as its motto for Hannover Messe 2023, where it will be showcasing how new offerings from its open, digital business platform, Siemens Xcelerator, enable customers’ digital transformation in industry and infrastructure faster and at scale. Using the concrete example of an industrial plant for battery production, Siemens will show how to rapidly transform production facilities to enable manufacturing operations that are digital from end to end. In addition, the Siemens Digital Experience Platform enables virtual visits to the Siemens booth – which, at a total of 2,800 square meters, is Hannover Messe’s largest.

In the context of regular assessments at the end of the second quarter of fiscal 2023, Siemens AG announces an impairment reversal of its investment in Siemens Energy AG (SE) which will increase the investment book value. Siemens Energy AG's Xetra closing share price of €20.24 on March 31, 2023, is significantly higher than the closing share price of €13.99 on June 30, 2022, when Siemens reported an impairment of the Siemens Energy AG investment. This results in an impairment reversal, at the end of second quarter of fiscal 2023 ending today, with a non-cash income effect after tax of €1.59 billion not part of the outlook for the current fiscal year.  Financial results for the second quarter are scheduled to be published on May 17, 2023.

• Research report explores how the Industrial Metaverse will help businesses and economies become more efficient, resilient, and sustainable.
• Report points out how decision-makers can enable the Industrial Metaverse and harness its potential.
• Industrial Metaverse market is estimated to increase nearly 10 times by 2030, according to ABI Research.
• Siemens Xcelerator digital business platform will play a crucial role in leveraging the potential of the Industrial Metaverse.

Siemens and MIT Technology Review have embarked on collaborative research to explore the development and opportunities of the rapidly developing Industrial Metaverse. The result of this collaboration is a comprehensive report about the potential of The Emergent Industrial Metaverse, which compiles the most recent research in the field and includes interviews with leading technologists, industry analysts, business leaders, and researchers. It is available free of charge as of March 29 (link: https://sie.ag/MITIMV). MIT Technology Review together with Michael Grieves, Executive Director of the Digital Twin Institute, and Peter Körte, Chief Technology Officer and Chief Strategy Officer of Siemens will bring these scenarios to the virtual stage on March 30 during a live-streamed webcast (link: https://www.linkedin.com/events/7044023667751571456). A recording will be available afterwards.

• Siemens ranks as No. 1 German company, and No. 6 overall, in European Patent Office’s patent rankings 
• Twenty-one inventions per working day in fiscal 2022
• Number of patent applications from Siemens remains steady despite external challenges
• Growth areas contribute to Siemens Xcelerator and provide solutions for digital transformation

Siemens filed precisely 1,735 patent applications with the European Patent Office in 2022 – more than any other company in Germany. This figure puts Siemens in sixth place in the patent-application rankings. The inventors who work at Siemens lay the foundation for progress and generate long-term benefits for customers and society.  

• More than 200 candidates from six continents
• Conducting competition prize includes position of Assistant Conductor to Sir Mark Elder CH CBE, the Hallé Orchestra's Music Director, and directorship of the Hallé Youth Orchestra
• Final was held as a public event for the first time in Manchester's Bridgewater Hall in the UK

Euan Shields from the U.S. has won the Siemens Hallé International Conductors Competition 2023. The 24-year-old emerging conductor demonstrated his talent to the seven-strong jury at yesterday’s final held at the Bridgewater Hall in Manchester, United Kingdom. At the three-day competition, Shields came out on top among a pool of more than 200 conductors from six continents. The international conducting competition sponsored by Siemens and the Hallé Orchestra took place for the first time in 2020 and was held for the second time in March 2023.

• End-to-end portfolio of low- to high-voltage motors, geared motors, medium-voltage converters and motor spindles
• Operational headquarters in Nuremberg, Germany, with around 14,000 employees worldwide and revenue of approximately €3 billion
• Effective July 1, 2023, Innomotics will operate in Germany as a legally separate, wholly owned subsidiary of Siemens AG. The global carve-out is on track; to be largely completed by October 1, 2023
• Innomotics’ management team will comprise Michael Reichle (CEO), Christoph Salentin (CFO) and Hermann Kleinod (CTO)

A new, leading motors and large drives company will be called Innomotics. Under this name, Siemens is combining its business activities in the areas of low- to high-voltage motors, geared motors, medium-voltage converters and motor spindles. The portfolio includes an innovative solutions and digitalization portfolio and a broad range of service offerings. The related businesses were previously assigned to the units Large Drives Applications and Digital Industries and to the legally separate Siemens companies Sykatec and Weiss Spindeltechnologie.

• First digital bond on a public blockchain in accordance with Germany’s Electronic Securities Act (eWpG)
• Siemens is a pioneer in the ongoing digital transformation of capital and securities markets
• The bond has a volume of €60 million and maturity of one year
• Bond sold directly to investors
• Classic payment via bank account

Siemens is one of the first companies in Germany to issue a digital bond, in accordance with Germany’s Electronic Securities Act (Gesetz über elektronische Wertpapiere, eWpG). Worth 60 million, it has a maturity of one year and is underpinned by a public blockchain. Issuing the bond on a blockchain offers a number of benefits compared to previous processes. For instance, it makes paper-based global certificates and central clearing unnecessary. What’s more, the bond can be sold directly to investors without needing a bank to function as an intermediary.