Techstep ASA

Regulatory Filings • Mar 18, 2024

Techstep to deliver ticketing solutions for Stockholm's public transport system

Techstep to deliver ticketing solutions for Stockholm's public transport system

Techstep, in collaboration with ISS Facility Management AB, has won a tender for

the delivery of ticketing solutions for Stockholm's public transport system, SL.

Acting as a subcontractor to ISS, Techstep will deliver a customised mobile

technology solution to be used by the ticket inspectors. The solution comprises

mobile devices, own software, managed services and security, as well as tailored

development, alongside consultancy services during the implementation phase.

Techstep and ISS has together successfully provided ticketing solutions to SL

since 2013. This newly awarded contract replaces the existing agreement which

expires by the end of December 2024, and includes both additional users, devices

and services.

"We are very proud to earn the renewed trust of SL and help improving the public

transport experience for Stockholm's travellers by delivering a cutting-edge

ticketing solution. This is a significant contract within the Swedish ticketing

segment, and strengthens Techstep's position in an accelerating digitalisation

within the public transport sector", says Morten Meier, CEO of Techstep.

The total contract value is estimated to SEK 30 million over a four-year period,

featuring recurring revenues annualised of SEK 6.5 - 7.7 million and one-time

implementation revenues of SEK 1.5-2.5 million. The agreement also includes

options of potential extensions for an additional four years.

For more information:

Morten Meier, CEO, Techstep ASA, tel: +47 970 57 717

About AB Storstockholms Lokaltrafik

AB Storstockholms Lokaltrafik (SL) is the public transportation authority in the

County of Stockholm. Every day, around 800 000 people travel by public

transport, such as metro, buses, commuter trains and local railways. SL has the

overall responsibility for ensuring that everyone who lives in, or visits,

Stockholm has access to well-developed, easily accessible and reliable public

transport. It is SL's responsibility to develop and find new solutions for the

public transport system. It is also SL that procures the services and ensures

that the contractors running these services keep to their agreements.

About ISS Facility Management AB

ISS is a leading workplace experience and facility management company. In

partnership with customers, ISS drives the engagement and well-being of people,

minimises the impact on the environment, and protects and maintains property.

ISS brings all of this to life through a unique combination of data, insight and

service excellence at offices, factories, airports, hospitals and other

locations across the globe. ISS has more than 350,000 employees around the

globe. In 2022, ISS Group's global revenue amounted to DKK 76.5 billion. For

more information on the ISS Group, visit www.issworld.com.

About Techstep ASA

Techstep is a mobile technology company, enabling organisations to perform

smartly, securely, and sustainably by combining mobile devices, software and

expertise to meet customers' business and ESG goals. We are a leading provider

of managed mobility services in Europe, serving more than 2 100 customers in

Europe with an annual revenue of NOK 1.1 billion in 2023. The company is listed

on the Oslo Stock Exchange under the ticker TECH. To learn more, please visit

www.techstep.io.