Techstep ASA — Regulatory Filings 2021

Oct 26, 2021

Techstep signs Managed Mobility Services-agreement with the Olav Thon Group

Techstep signs Managed Mobility Services-agreement with the Olav Thon Group

Techstep has signed a Managed Mobility Services-agreement with its existing

customer, real estate and hotel management company, the Olav Thon Group.

Techstep will deliver its Managed Mobility Services-product 'Flow', including

Techstep's own cloud-software solution for device and lifecycle management,

device service, and support for at least 1,500 new managed mobile devices.

Thon Hotels have already begun its mobile digitalization journey using apps in

maintenance and cleaning in some hotels, and the deployment of Techstep's Flow

-solution will help accelerate this process further.

All companies and companies where Olav Thon Gruppen AS is a full or part owner,

as well as franchisees will be able to take part in the new agreement with

Techstep.

"Our services simplify work processes, reduce IT complexity and improve

security, as well as making device handling more sustainable. We are excited

that Techstep can help the Olav Thon Group improve productivity and its

environmental footprint" says Techstep's Chief Revenue Officer, Gunnar Aasen.

Techstep estimates a total contract value of NOK 11 million with 1,500 new

managed devices over a two-year period, commencing late 2021. The contract

reflects Techstep's strategy of converting existing customers to its

complete Managed Mobility Services-offering.

About The Olav Thon Group.

The Olav Thon Group is owned by the Olav Thon Foundation.  The group is mainly

engaged in real estate and hotel business.In 2019, the Olav Thon Group had

operating revenues of approx.  NOK 10 billion and employed approx.  3,330

people.  The group consists of the two divisions Thon Eiendom and Thon Hotels.

For more information:

Erik Haugen

Chief Transformation Officer

erik.haugen@techstep.no

About Techstep ASA

Techstep is purpose-built to become a leading European Managed Mobility Services

provider. Techstep provides a complete Managed Mobility Services-offering that

presents enterprises and their employees with access to efficient, secure and

value-creating mobile work solutions - wherever and whenever they choose to

work. Customer benefits include reduced IT complexity and costs, improved

employee capabilities and engagement, as well as increased productivity and

sustainability. Techstep has more than 350 employees based in Norway, Sweden,

Denmark and Poland, serving more than 2000 customers across different industries

and sectors. The company is listed on the Oslo Stock Exchange under the ticker

TECH. To learn more, please visit www.techstepasa.no.