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Nordic Technology Group AS

Investor Presentation Feb 28, 2025

3681_rns_2025-02-28_22a98005-c05d-42bc-89eb-6329f5f0dad2.pdf

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NTG Company update 28 February 2025

Important information and disclaimer

This presentation (the "Presentation") has been prepared by Nordic Technology Group AS ("NTG" or the "Company" and together with its subsidiaries the "Group") solely for information purposes in connection with the financial reporting requirement to Oslo Stock Exchange Euronext Growth marketplace and subsequent investor presentation. This Presentation does not constitute an offer to sell or a solicitation of an offer to buy, or a recommendation regarding, any securities of the Company. By attending a meeting where this Presentation is made, or by downloading the presentation from any web site, or requesting to receive, or have received this Presentation from any party, you agree to be bound by the following terms, conditions and limitations.

This Presentation and the information contained herein may not be reproduced in whole or in part to any other person.

This Presentation contains certain forward-looking statements relating to the business, financial performance and results of the Group and/or the industry in which it operates. Forward-looking statements concern future circumstances and results and other statements that are not historical facts, sometimes identified by the words "believes", expects", "predicts", "intends", "projects", "plans", "estimates", "aims", "foresees", "anticipates", "targets", "will", "should", "may", "continue" and similar expressions. The forward-looking statements contained in this Presentation, including opinions and views of the Company or cited from third party sources, are based on various assumptions. The forward-looking statements are solely opinions and forecasts and are subject to risks and uncertainties which are difficult or impossible to predict and are beyond the Company's control. Forward-looking statements are not guarantees of future performance, and risks, uncertainties and other factors could cause the actual results of operations, financial condition and liquidity of the Group or the industry to differ materially from the expectations expressed or implied in this Presentation by such forward-looking statements. You are cautioned not to place any undue importance on any forward-looking statement. The Company assumes no obligation, except as required by law, to update any forward-looking statements or to conform these forward-looking statements to its actual results.

The distribution of this Presentation may be restricted by law in certain jurisdictions and persons into whose possession this Presentation comes should inform themselves about, and observe, any such restriction. Any failure to comply with such restrictions may constitute a violation of the laws of any such jurisdiction. None of the Company or the Group shall have any responsibility for any such violations.

This Presentation does not purport to contain a complete description of the Group or the markets in which the Group operates. No representation, warranty or undertaking, express or implied, is made by the Company, the Group or other representatives, and no reliance should be placed on, the fairness, accuracy, completeness or correctness of the information or the opinions contained herein, for any purpose whatsoever. None of the Company or the Group or any of their respective affiliates or representatives shall have any liability arising directly or indirectly from the use of this Presentation or its contents or otherwise arising in connection with this Presentation.

Any investment or acquiring of shares in the Company should be considered as a high-risk investment. An investment in the Company is only suitable if you have sufficient knowledge, sophistication and experience in financial and business matters to be capable of evaluating the merits and risks of an investment decision relating to the Company's shares, and if you are able to bear the economic risk, and to withstand a complete loss, of your investment. An investment in the Company is suitable only for investors who understand the risk factors associated with this type of investment and who can afford a loss of all or part of their investment. The contents of this Presentation are not to be construed as financial, legal, business, investment, tax or other professional advice. Each recipient should consult with its own financial, legal, business, investment and tax advisers to receive financial, legal, business, investment and tax advice. By receiving this Presentation, you acknowledge that you will be solely responsible for your own assessment of the market and the market position of the Company and that you will conduct your own analysis and are solely responsible for forming your own opinion of the potential future performance of the Company's business. In making an investment decision, investors must rely on their own examination of the Company, including the merits and risks involved.

This presentation is incomplete without reference to and should be viewed solely in conjunction with the verbal briefing provided by the Company´s executive management.

This Presentation does not constitute an offer of, or an invitation to purchase, any of the shares in any jurisdiction in which such offer or sale would be unlawful.

This Presentation is only directed at qualified investors and investment. The Company has not authorized any other person to provide any persons with any other information related to the Company and neither the Company nor the Group will assume any responsibility for any information other persons may provide.

The Company´s executive management and/or Group management and employees may hold shares or other securities or interests in the Company and may, at times, buy or sell such securities.

This Presentation is subject to Norwegian law, and any dispute arising in respect of this Presentation is subject to the exclusive jurisdictions of Norwegian courts.

This presentation covers the period 01.07.25.02.25. The financial statements are unaudited as of the date of this presentation.

NTG Nordic Technology Group

KEY HIGHLIGHTS

Key financials

  • NTG revenues 2024 (un-audited) NOK 49.6 million compared to NOK 27.3 million in 2023 with loss before tax of NOK 320.2 million of which NOK 231.5 million is related to depreciation, amortization and write downs of financial assets, compared to a loss before tax of NOK 143.4 million of which NOK 112.8 million was related to depreciation and amortization
  • . • Net cash outflow from group operations was NOK 67.3 million compared to a net cash outflow of NOK 88.5 million in 2023. Net cash flow from financing (equity and loans) of NOK 94.7 million in 2024 compared to NOK 29.8 million in 2023

Group companies

Hammertech AS

  • Hammertech has increased revenues from NOK 11 million in 2023 to NOK 22 million in 2024. Hammertech secured orders of 10 AquaField meters to Accuflow in US for around NOK 5 million, secured a sale of one AquaField Mud Meter to Aerion in US for around NOK 0,6 million and secured an Offshore testing contract with FAPEPE in Brazil for over NOK 2 million
  • Hammertech has succesfully been technically approved and conducted vendor list audit by Saudi Aramco and ADNOC
  • Net cash contribution in 2024 of NOK 42.6 million (equity NOK 23 mill, conv. loan NOK 15.6 mill)

NTG Nordic Technology Group

KEY HIGHLIGHTS

Group companies

Wavetrain Systems AS

  • . • Wavetrain has developed AI / Machine Learning algorithms that meets and exceeds the requirements from Network Rail (UK). Wavetrain has a significant library of actual recordings from multiple locations around the world which is used to train and verify the machine learning algorithms
  • The plan is to complete system approval by June 2025. The plan is to close sales short-term of 3 new systems for operational trial and start roll-out on the NR infrastructure. Wavetrain is in dialogue with several of the routes that have shown great interest to identify sites for these systems
  • In 2024 Wavetrain started sales activity outside the UK, attending conferences and having direct customer meetings focusing on large potential markets. As a result of this effort Wavetrain is now in direct dialogue with several countries such as Australia and Canada and its infrastructure owners about trial and local type approval
  • Irish Rail has identified a trial site for Wavetrain and is now working with national regulators to determine the path of the type approval process
  • Net cash contribution in 2024 of NOK 44.4 million (equity NOK 31 mill, conv. loan NOK 10.0 mill)

NTG Nordic Technology Group

KEY HIGHLIGHTS

Group companies

CondAlign AS

  • CondAlign has launched multiple commercial products, including E-Align100, E-Align25, and E-Align100TR, and has engaged in several ongoing design-in and piloting processes
  • . • CondAlign has established strong relationships with major international clients and is positioned for pilot series and high-volume orders
  • CondAlign has approached potential strategic partners. The development is positive, and further progress is still contingent to internal processes and board/management decisions with the different candidates
  • Net cash contribution in 2024 of NOK 51,4 million (equity NOK 20,8 mill, conv. loan NOK 10.4 mill), plus NOK 9.6 millions convertible loan in February 2025)

MossHydro AS

  • MossHydro increased revenues from NOK 20.0 million in 2023 to NOK 26,3 million in 2024 with profitability
  • MossHydro secures 2 purchase orders totaling NOK 5.7 million for delivery of circulation filter for wellboats
  • Continuing process regarding sale of MossHydro AS (incl. Hystorsys AS) to Asian industrial company

NTG Share price vs Valuations

Nordic Technology Group AS

No ofshares
issued
70
920
680
NTG
%
ownership
NTG
Current
book
value
25.02.25
Adjusted
100%
value
based
on
NTG
book
value
100%
Company
valuation
NTGestimated
value
25.02.25
Comments Comments

Book value includes
Company NTG outstanding
Wavetrain
Systems
77,7
%
261
540
000
336
602
317
477
399
000
350
501
908
Last
private
placement/conversion
of
loan
loans
Hammertech 80,7
%
215
374
000
266
882
280
413
014
000
327
975
468
Last
private
placement/conversion
of
loan
Hystorsys 100,0
%
10
000
000
10
000
000
10
000
000
10
000
000
Estimated
exit
value
MossHydro 89,9
%
52
838
000
58
774
194
35
000
000
31
465
000
In
exit
process,final
value
uncertain
CondAlign 50,1
%
16
000
000
31
961
646
75
000
000
16
000
000
Based
on
indications
NTG
CA-CL
100,0
%
4
290
000
4
290
000
4
290
000
4
290
000
Current
assets-currentliabilities
Sum
NOK
560
042
000
708
510
436
1
014
703
000
740
232
376
Sum
NOK
per
NTG
share
7,90 10,44
Currentshare
price
15.02.2023
NOK 0,8 NOK 0,8
Discount
compared
to
estimatedNTGvalue
per
share
-90% -92%

NTG group presentations: Hammertech AS Wavetrain Systems AS CondAlign AS

28 February 2025

Company Status Update NTG Board Meeting

February 28th, 2025

Hammertech AquaField

Groundbreaking Multiphase metering – Oil & Gas

Hammertech AquaFieldTM – Value Proposition

Enhanced recovery, Production Optimization, Digitalization & CO2 reduction

Hammertech's AquaField – Simplifying Complexity – Innovation in Flow

Hammertech AquaFieldTM – Competitive Advantages

  • Low cost USD ~50 000 pr. unit
  • Easy setup, high reliability, self-calibrating
  • PVT (Pressure, Volume, Temperature) independent Accurate measurements without reliance on PVT properties
  • Easy physical installation
  • Small size, low weight
  • Enabling digitalization
  • Non radioactive
  • Enhanced recovery rate and reduced CO2 footprint in the production phase

AquaFieldTM Multiphase Fraction & Salinity Meter

Environmental Benefits

GHG (CO2 & CH4) Emission Reduction

  • Reduced CO2 & CH4 emissions from mobile well testing, eliminating:
    • Trucks / vessels (CO2) used to transport mobile well systems
    • Generators (CO2) to power systems
    • Flaring of gas (CH4) from test separators
  • Reduced CO2 emissions from sampling, eliminating:
    • Vehicles / vessels used to transport personnel to do sampling
  • Reduced water production à Reduced water treatment à reduced water disposal à reduced energy consumption à reduced CO2 footprint

HSE

  • Less personnel in hazardous areas
  • Eliminate environment contamination during sampling and mobile well testing

Large addressable market

AquaField is the first-choice for more than 250,000 on-shore wells1

Total potential market Target market Core market
2025 prediction
Market Size
84 USDbn

18 USDbn

AquaField
assumed to be most
applicable

10 USDbn

AquaField
assumed to be most
applicable and likely to be
implemented
Producing wells
1 610 000
New wells (-->2025)
510 000
Total potential market
2 120 000
Retrofit new gas wells
-107 000
Market Drivers
2.1 million total wells

450,000 wells

251,000 wells
Retrofit subsea
-6 000
Retrofit GoM
-16 000
Older onshore wells*
-1 345 000
End Client
Examples
(non-exhaustive)

All well-operating E&P
companies

Saudi-Aramco, Petrobras,
ExxonMobil, ADNOC, PDO,
Majors

Anadarko, Apache, EOG,
Pioneer, Devon, XTO, Qatar
Petroleum, Occidental,
Equinor,ENI, Hilcorp, Bapetco,
Norpetco, Qarun, Agiba,

Saudi-Aramco, KOC, ADNOC,
PDO, Petrobras, ExxonMobil,
Majors

Anadarko, Apache, Equinor,
Petrobel, Qatar Petroleum, ENI,
Qatar Petroleum, Occidenta
Unconv. (Xtra
HO, OS)
-201 000
Target market
445 000
Retrofit offshore
-51 000
Reluctance smaller Ops

-143 000
Core market
251 000
1) Rystad
Energy Commercial due diligence report

Estimated market size of 84 USDbn, with a core market of 10 USDbn

Hammertech current Global Client Interaction

Focused Geomarkets

  • Rystad report pinpoints the 4 most valuable geo-markets for AquaField:
    • North Amerika (NA)
    • The Middle east
    • China
    • Russia
  • Hammertech has decided to focus on North America and the Middle east.
  • Main differentiators for these markets
    • The North American production is from shale wells
    • The North American market has some large operators combined with a large base of smaller operators
    • The Middle Eastern production is from conventional wells
    • The Middle East market is dominated by few and large operators with huge potential
  • These markets require different approaches

The Middle East

Approach:

  • The customer base consists of very large national corporations, and classical account management and presence is required to win in this market
  • Hammertech has established an office in the region (Hammertech MENA DMCC), and the chosen location is Dubai in UAE

MENA Big 4 currently pursued entry cases:

1. Saudi Aramco (Saudi Arabia)

  • Abqaiq field: approx. 2 500 wells, expected 5-year penetration ~70%
  • Roll out on all wells as part of Aramco's digital strategy

2. ADNOC (UAE)

• Pilot covering 4 main onshore assets: South East, Bu Hasa, BAB & NEB covering approx. 1 000 wells , expected 5-year penetration ~50% Roll out on all wells as part of ADNOC's digital strategy

3. PDO (Oman)

  • Replace existing non-functional instruments with AquaField, expected 5-year penetration ~30%
  • Approx 1 500 units

4. KOC (Kuwait)

  • South Ratqa field development, expected 5-year penetration ~30%
  • 3 phases, total of approx. 3 000 wells
Company Wells Penetration AquaFields USD
Aramco Abqaiq 2 500 70% 1 800 72 000 000
ADNOC SE-BH-BAB-NEB 1 000 50% 500 20 000 000
PDO replacements 1 500 30% 500 20 000 000
KOC South Ratqa 3 000 30% 1 000 40 000 000
MENA Big 4 8 000 45% 3 800 152 000 000

North America

Approach:

  • The North American market has some large operators combined with a large base of SMB operators. The latter represents the largest nearterm opportunity.
  • Hammertech has established partnership with two experienced partners in the market to address the SMB customer base, while looking after the large enterprises directly.
  • Hammertech will also establish an office in the US later to do account management and partner follow-up in the region.

North America outlook

1. SMB

1. Bakersfield and Permian

Bakersfield will be our entry market to the shale oil domain and will serve as reference as we expand to include other shale oil basins. The Permian basin represents 65% of all onshore wells in the US. Our US partners has established dialogues with several service & operating companies – including EOG, Devon, Summit Oil, and others – regarding AquaField deployment and we have received our first orders from this market for 12 AquaField units, escalating to another 40-80 units in 2025.

2. Eagleford and Bakken

A successful rollout in Bakersfield and Permian will be followed by pursuits of the Eagleford and Bakken basins contributing to the sales numbers from 2025 onwards.

2. Large enterprises

Hammertech has established dialogue with several of the large enterprises – including ExxonMobil, Occidental, Chevron, Continental Resources, Shell, ConocoPhillips and others – regarding AquaField deployment. We do believe a successful rollout in the SMB market – addressed through local partners – will serve as a catalyst for business with larger enterprises

Network of Partners Globally

11 Confidential

Hammertech AquaField Product Roadmap

Same technology platform – different applications

Completed In Progress Market potential

Confidential

A Progress Report on Selected Hammertech Customer Cases

1. Saudi Aramco

Approaching formal 9COM registration

Technical qualification obtained

A "tsunami of orders" to be expected

Onsite review by Aramco Oversees Company delivered November 12th & 13th with positive remarks and no deviations Awaiting formal approval from Aramco Vendor Review Committee (VRC) in Saudi

2. ADNOC

Achieved formal ADNOC Commercial Directory registration

Pilot approved by ADNOC's CEO Onshore – Technology in line with ADNOC digitalization strategy

Technical qualification obtained

Field test of two procured AquaField Green meters approved.

Approved Vendor List registration: ADNOC Commercial Directory registration received for Water Cut Meter category!

3. TotalEnergies Qatar | KOC/Yokogawa | PDO

TotalEnergies Qatar

Successful extensive field testing of first sold and delivered AquaField Gold, Zone-1 meter.

KOC/Yokogawa

Field verification AquaField Green meter installed on South Ratqa field and test is ongoing. Positive remarks from both KOC and Yokogawa.

PDO in Oman

Long awaited customer approval for testing AquaField meter given, and test expected to be performed H1 / 2025.

5. US: AERION | Cactus Measurement | AccuFlow

AERION

First AquaField Mud meter delivered, and extensive testing positively concluded.

Will receive order for two more meters by March/25, with a potential for up to 5 more meters in 2025.

Cactus

Measurement First AquaField Gold meter delivered, and testing is ongoing.

Expect to conclude initial order of 10 meters by March/25 with volume agreement for 30 more meters to be agreed for delivery in 2025.

Accuflow

Accuflow is an O&G multiphase flow measurement manufacturer based on separator systems and sees the potential to combine separation with MPFMs. First volume agreement received for delivery of 10 meters in 2025.

6. US/global: Continental Resources | Chevron | ConocoPhillips

Continental Resources

Continental Resources is among the top 10 independent oil producers in the U.S. It's the largest producer and leaseholder in the Bakken play (North Dakota and Montana) and also holds major positions in Oklahoma, Wyoming, and Texas.

Continental Resources has invited Hammertech to test its AquaField Gold meter, and test is scheduled to start mid February in North Dakota.

Chevron

Chevron has invited Hammertech to test its AquaField Gold meter, and test will start in Houston early December. Chevron has recently acquired Hess, and is on the rise both in the US and globally.

First direct potential for AquaField in Nigeria, but also US potential expected to materialize in 2025.

ConocoPhillips

ConocoPhillips has invited Hammertech to test its AquaField Gold meter along with two other vendors, and test is scheduled for July/25 in the US (location not decided). CoP has recently acquired Marathon and is through this acquisition becoming significantly larger in the US. Given successful test result, there is a direct opportunity for 75 meters in 2026.

7. US/global: Baker Hughes | Halliburton

Baker Hughes

Cooperation with Baker Hughes within the automated drilling domain utilizing our AquaField Mud meters is continuing. Another initiative – utilizing AquaField Gold meters in fields controlled by BH's Leucipa platform has been initiated, and BH is in the process of ordering 3 more meters for test deployment with existing customer in the US.

Halliburton

Long planned field verification test of AquaField to happen with Sonatrach in Algeria. Test meter has been received and installed.

First identified business with Halliburton for 10 meters in 2025 both in the US and globally.

Hammertech Team

400 Years Combined Experience From The E&P Industry

Reduce Risks with AI Technology

Patented Solution for Protecting Level Crossings

  • 1 000 000 Level Crossings Around the World

  • EURO 50 Billion Market

Investor Presentation | February 2025

Source: https://unece.org/sites/default/files/2022-02/S2.5%20GPotenza_Level%20crossing%20safety_Danube%20Region_ERA.pdf

© Wavetrain Systems 2025. Confidential and not for distribution.

2

.

killed in EU

accidents involve pedestrians

Product & Application – Level Crossing Warning System (LCWS)

  • System to detect trains through sound interpretation of acoustic signature in the rail
    • Four sensors for a single track, eight sensors for double track
    • Connected to a single control unit with advanced and proprietary software
    • Output drives warning measures (lights, sounders and barriers)
  • CENELEC SIL2 certified (EN 50126, EN 50128, EN 50129)
  • IEC 51608 certified

3

.

• Patented in more than 20 countries

Cost-effective reduction of risk at level crossings

Product & Application – Track Workers Safety powered by Wavetrain LCWS

  • Expand use of LCWS for Track Workers Safety and temporary crossings
  • Unique opportunity to expand market for the LCWS
  • Currently there are no viable technology solutions
  • Partnership with UK based company to target this market

Applying AI - Machine Learning on Wavetrain's unique data library enables further product development

  • Based on Wavetrain's unique library of more than 1.3 million recordings (and growing) of train passings, new algorithms are developed and validated
  • Recognizing customers' desire to fine-tune warning and strikeout times Wavetrain has developed a game-changing algorithm to analyze audio spectrum of approaching trains
  • Level crossings is the first step and being commercialized in 2025. Other potential areas include;
    • Broken rail detection

Broken rails pose significant challenges in the railway industry, impacting safety, operations, and maintenance. Massive challenge in e.g. Australia

• Condition-based monitoring

Damages to trains, e.g. flat wheels, represent a significant challenge in the railway industry due to their impact on safety, predictive maintenance, and operational efficiency

Business Model

In-house development of core safety applications for the railway market

Selling train detection systems for level crossings, SW & HW

Manufacturing and assembly using certified suppliers

Local contractors or customer to install and maintain according to local requirements

© Wavetrain Systems 2025. Confidential and not for distribution.

6

.

Wavetrain Now at an Inflection Point - Commercialization and roll-out in 2025

R&D and system approval stage

  • Proof of concept testing of the technology
  • Tested on 4 continents, with all different types of rolling stock
  • The leading railway nation (UK) engaged in testing and approval of technology

System approval finalization

  • Close partnership with Network Rail (UK) to perfect the technology and achieve required approvals and certifications
  • Expect complete system approval from Network Rail (UK) in 1H 2025
  • Strong demand from Network Rail (UK) routes

Commercialization and roll-out

  • Ramping up operational capabilities and capacity
  • Initiate industrialized production
  • Secure contracts and sales

2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028

Massive Addressable Market

Potential market is literally any country operating railroads

Source: Management analysis and management estimates

© Wavetrain Systems 2025. Confidential and not for distribution.

.

Competitive Advantages

  • Unique AI technology platform data from 1.3m train passings
  • Only CENELEC SIL2 Certified supplier of level crossing protection world-wide, which is a requirement in major markets
    • No known competitors at this certification level
  • Significantly faster installation compared to competitors
    • Man-hours, no service interruption, low environmental footprint
  • Significantly lower life cycle cost compared to competition
    • Cost advantage with fast installation and no maintenance
    • Autonomous, no integration with costly signaling system
  • Type Approved (detection unit) for UK in 2022, operational system ready for rollout in the UK Q2 2025
  • Type Approval from the UK to be cross accepted in other markets
    • Reduces time to market significantly

Management Team

© Wavetrain Systems 2025. Confidential and not for distribution.

10

.

Disclaimer

This document is not a replacement for a full review of the company's books, documents, certificates or accounts and is not a comprehensive review of the company's business. The document is solely made for the purpose of presenting the business plan. Further, document is not, and should not be relied upon as, a legal opinion in relation to any matter referred to in it. This document is confidential and is privileged and otherwise protected by law as business secrets.

Company introduction

February 28th 2025

CONFIDENTIAL

This is CondAlign

  • Norwegian deep tech company with HQ in Oslo
  • Groundbreaking technology, based on basic research at Institute for Energy Technology (IFE) at Kjeller, Norway
  • Scalable and capital light business model with both product sales and technology licensing
  • 22 highly skilled employees with strong business track record

One technology

Production principle

…with a process that is designed for large scale industrial manufacturing

Multiple applications

EV Power train Microchip

LED

Thermal management

In-mold electronics

Competitive advantages – CondAlign Products

Reduces use of materials significantly

70% fewer particles required to achieve same thermal conductivity

Better mechanical properties

CondAlign TIM have significantly better material properties due to lower particle loading

Weight reduction

Significantly reducing weight of materials compared to traditional TIM materials

Reducing Cost of Goods Sold

Production costs significantly reduced due more efficient use of costly particles and cost efficient R2R manufacturing

Reducing assembly costs for end user

Reducing processing steps in assembly – no heat and no high pressure steps

Connecting new materials

Enabling connection of sensitive materials by allowing for assembly that require no heat and no pressure³

Cost efficient scaling

Manufacturing process is easily integrated into existing R2R coating lines

Growing Markets for Electric and thermal Conductive materials

TAM (EUR 4.2bn)

SAM (EUR 2.2bn)

SOM (EUR 0.04bn)

    1. Conductive polymers market estimated to grow at a CAGR of 8-10 % in the period from 2022-2032.
    1. Estimated market size 2032: TAM (2032) > EUR 6.2bn
    1. CondAlign is offering a high value E-Align and Thermal Inteface Material with solid profit margin:
    2. Sales price : 30 125 EUR/m2
    3. Solid margins: 50%-70%
    1. CondAlign standalone case target a revenue of EUR 27m in 2027 representing less than 1% market share 3.78 4.2

Conductive Polymers market

Strong commercial traction continues

Targeting growing markets – focus on repetitive use cases

Pilots
in
progress
2 clients 2 clients 2 clients 1 client 1 client 1 client
# of clients
qualifying/scaling
+30 +15 +15 +5 +10 +15
Large volume
+10 multi
billion clients
in Testing and Qualification
clients in testing

Maturing customer leads through a disciplined and structured process

Other 0.1 0.5 2.2 3.7 4.0 5.4 4.7 5.4 6 19 Total 0.4 1.2 5.4 14.8 23.8 26.5 28.5 38.1 21.8 117.0

Highly experienced team with a strong track-record

Management team

Harald Wahl Breivik

  • CEO • 20+ years leadership experience from technology and manufacturing companies
  • Previous MD at Presens AS (a Baker Hughes GE Company), Owner and Co-Founder of WellPartner AS,
  • MSc in Mech. Engineering from NTNU

Håvard Lien-Kvareng

  • CFO • 10+ years experience from M&A/Corporate Finance, strategy and business development
  • Previous Director IB at Handelsbanken Capital Markets, M&A at Telenor ASA
  • MSc in Finance & Strategic Mngt from CBS

Arve Austad

  • CTO • 20+ years industrial experience from microelectronics and miniature drones
  • Previous Chipcon, Texas Instruments, FLIR and Teledyne
  • MSc. in Engineering Cybernetics from NTNU
  • Experience from multiple successful start up's
  • Strong international experience
  • Proven commercial track record
  • Comprehensive Industrial experience

Aina Suphellen

  • COO
  • 10+ years experience with T&D, production and supply chain
  • Previous GE and REC
  • M.Sc. from NTNU in Applied Physics

Salvatore Micali

  • CCO
  • 15+ years international experiencefrom sales and business development of advanced technologies
  • Previous GE, Aker Solutions and Sentech
  • MSc. in Electrical Engineering, Catania University – Italy

CONFIDENTIAL

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