Techstep ASA — Regulatory Filings 2023

Jun 6, 2023

Techstep to deliver mobile technology solutions to the Municipality of Oslo with potential contract value up to NOK 480 million

Techstep to deliver mobile technology solutions to the Municipality of Oslo with potential contract value up to NOK 480 million

Techstep has been awarded a frame agreement with the Municipality of Oslo (Oslo

Kommune), one of Norway's largest employers, to deliver SmartDevice to some

30,000 of the municipality's employees. The contract includes opportunities for

adding software and advisory services, with a potential of doubling the current

contract value.

Techstep has been the main provider of mobile phones and accessories to Oslo

Kommune for the past four years. In this new tender, Oslo Kommune emphasised

facilitation of complete mobile technology solutions, with focus on cost

efficiency and sustainability, which represents further opportunities for

Techstep compared to the previous frame agreement.

"Oslo Kommune has high ambitions of reducing their climate footprint through

more sustainable procurement practices and reduced consumption. For Techstep,

this is an important win as it confirms the relevance of our products, where

sustainability and circularity are central", says CEO Børge Astrup in Techstep.

"We are honoured that Oslo Kommune again has chosen Techstep as their preferred

supplier of mobile technology solutions".

Total contract value has a potential of up to NOK 480 million over a four-year

period, of which NOK 240 million relates to mobile phones and accessories in the

SmartDevice portfolio. The contract period is two years, with options for an

additional two years' extension with annual renewal.

Techstep has been awarded the contract after a tender offering, and the

agreement is expected to be signed shortly after the closing date for submission

of complaints, due 21 June, 2023.

Techstep's offerings

SmartDevice is the complete and sustainable solution to help enterprises

integrate and manage all mobile devices from procurement to end of life. By

combining Hardware and Own Software, users are empowered to choose, repair, and

replace mobile devices whilst enterprises increase cost efficiency, visibility

and control over their mobile fleet.

SmartControl is a Managed Service, where Techstep's experts?deliver best

practice implementations, support and pro-active?services. By combining software

and advisory & services, Techstep manages and secures?the?entire?mobile eco

-system?of the customer's enterprise, by?combining Apple and Google

Android?knowledge and best in class software.?This ensures that?the customer's

devices and apps are?always compliant, secure and up-to-date.

For further information:

Børge Astrup, CEO, Techstep ASA: +47 928 27 676

Ellen Solum, CFO, Techstep ASA: +47 976 66 717

About the Municipality of Oslo (Oslo Kommune)

Oslo Kommune is the administrative body of the capital city of Oslo, Norway and

one of Norway's largest employers, representing some 50,000 employees in areas

such as education, social and health, technical and administrative tasks. Oslo

Kommune has a strong focus on digitisation of services and solutions, as well as

sustainability. For more information, see ww.oslo.kommune.no.

About Techstep ASA

Techstep is a mobile technology company that enables organisations

to perform smartly, securely, and sustainably through combining software, mobile

devices and services to meet customers´ business and ESG goals. We are a leading

provider of managed mobility services in the Nordics serving more than 2,000

customers in Europe, with an annual revenue of NOK 1.3 billion in 2022. The

company is listed on the Oslo Stock Exchange under the ticker TECH. To learn

more about us, please visit www.techstep.io (http://www.techstepasa.no/).