Techstep ASA — Regulatory Filings 2019

Apr 8, 2019

Techstep to deliver mobile solutions to Oslo Kommune

Techstep to deliver mobile solutions to Oslo Kommune

Techstep has won a framework agreement with Oslo Kommune, the administrative

entity of the largest municipality and capital of Norway employing the

municipality's teachers, social workers, technicians and administrative

resources. Oslo Kommune is an existing customer, and this renewed agreement also

includes several neighbouring municipalities and related organisations. The

agreement comprises delivery of hardware and solution products like mobile

phones and operational support, as well as aftermarket handling to secure

consistent mobile work conditions for employees at Oslo Kommune. In addition,

the agreement includes the possibility of complete setup of relevant software

for mobile devices.

Techstep has been awarded the contract after a tender offering and it is

expected to be signed shortly after the closing date for submission of

complaints, due 14 April 2019. Delivery is expected thereafter. In addition to

offerings, competence and service, the tender process emphasised environmentally

friendly deliveries and supply. Techstep obtained maximum score here, because of

its focus on i.e electrified delivery vans, as well as general green policies

and ambitions within the company.

"We look forward to work with Oslo Kommune in the digital- and green shift where

mobile solutions play an important part. Oslo Kommune is the largest

municipality in Norway and one of the largest employees in the country,

representing some 50,000 employees within key sectors like education, health and

administration. Techstep will help Oslo Kommune's employees get access to mobile

solutions that will help make their work life better and more efficient", says

CEO Jens Haviken in Techstep.

Total potential value for the renewed contract is estimated at NOK 100 million

excluding options, with revenue effect expected from the second quarter of 2019.

The contract duration is two years plus options for an additional two years with

annual renewal. In addition, delivery to neighbouring municipalities and related

organisations will begin mostly in late 2019 and early 2020.

About Oslo Kommune

Oslo Kommune is the administrative entity of the largest municipality and

capital of Norway, representing some 50,000 employees within areas such as

education, social and health, technical and administrative tasks in the

municipality. A key priority for Oslo Kommune as a large employer is to

digitalise services while improving the environment for employees and citizens

in the municipality. For more information, see www.oslo.kommune.no.

About Techstep ASA

Techstep is positioning itself as a leading Nordic enabler of the digital

workplace. Techstep delivers hardware, software, connectivity and mobile device

management bundled as a managed service. This enables enterprises and their

employees do their work across mobile devices and locations, with a high degree

of security and operational stability. Techstep has 221 employees based in

Norway and Sweden, serving close to 6,000 customers and 662,000 end users across

various industries in the private and public sectors. The company is listed on

the Oslo Stock Exchange. For more information, see www.techstepasa.no

For further information

Jens Haviken, CEO, Techstep ASA: +47 930 90 070

Marius Drefvelin, CFO, Techstep ASA: +47 958 95 690