Nordic Technology Group AS

Regulatory Filings • Dec 8, 2025

Wavetrain Systems Sale to Additional European Country of unique AI-Powered

Wavetrain Systems Sale to Additional European Country of unique AI-Powered

Level Crossing Warning System

Lysaker, Norway -- Wavetrain Systems AS, subsidiary of Nordic Technology Group

AS (NTG), is pleased to announce the sale of its advanced acoustic-based Level

Crossing Warning System with a significant railway operator in an EU country.

The system is to be used in a formal type-approval process, based on Network

Rail approval, in preparation for sales and roll-out. This represents a

strategic milestone for Wavetrain as we expand into new European markets.

Why This Matters

Entering an EU market is a critical step toward broader adoption of

Wavetrain's technology across Europe. The country has a significant number of

unprotected level crossings, all of which could benefit from Wavetrain's

solution. The scale of this opportunity underscores substantial market

potential. Successful implementation here could accelerate adoption in other

European countries, creating a ripple effect that enhances safety and

efficiency across the continent.

Technology and Innovation

This trial leverages Wavetrain's latest AI and Machine Learning enhancements,

which were recently validated through rigorous testing and updated CENELEC

SIL2 certification. Our AI-driven algorithms deliver superior detection

performance, enabling faster installation and reduced lifecycle costs. These

improvements build on the progress achieved with Network Rail in the UK, where

our system demonstrated exceptional reliability during final approval trials.

Executive Commentary

CEO of Wavetrain, Pål E. Bratlie, said:

"Europe faces an urgent need to modernize level crossing safety

infrastructure. With thousands of passive crossings still in operation, the

potential for Wavetrain's solution is significant. A successful outcome in

this EU country will not only strengthen our position in the region but also

support cross-acceptance in other markets, paving the way for widespread

deployment."

About Wavetrain Systems AS

Wavetrain Systems AS, part of Nordic Technology Group AS (NTG), delivers

patented, AI-powered acoustic detection technology designed to enhance safety

at level crossings. Our solutions are certified to CENELEC SIL2 standards and

have been tested extensively to meet stringent railway requirements. Our aim

is to safely reduce risk at level crossings in an affordable and efficient

way.

Contact information:

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| Group CEO Rune Rinnan | CEO Wavetrain Systems AS |

| Chair, Wavetrain Systems AS | Pål E Bratlie |

| Mob. +47 900 56 028 | Mob: +47 930 57 243 |

| rune.rinnan@ntechgroup.no | pb@wavetrain.no |

| www.ntechgroup.no | www.wavetrain.no |

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