Techstep ASA

Techstep formalizes commercial agreement with Nordic mobile operator

Techstep is pleased to announce the formalization of a commercial agreement with

a mobile operator in the Nordics, following the initial partner agreement

disclosed on 15 May 2024. This strategic partnership will introduce Techstep's

proprietary software and managed services to the mobile operator's B2B customer

base.

The collaboration will feature Techstep's own Device Lifecycle Management

platform alongside our managed services and security capabilities. This

partnership will empower the mobile operator, which has clear growth ambitions

in the Nordic B2B market, to enhance its offerings and capabilities, promoting

more responsible and sustainable device management.

"This agreement aligns perfectly with Techstep's broader objective of expanding

our market reach within the European mobile service provider sector, focusing on

managed mobility and circular tech solutions. We are pleased to onboard the

first mobile operator to our Lifecycle platform, enabling them to scale their

device business more responsibly and in line with circular economy principles",

comments Morten Meier, CEO of Techstep.

The mobile operator will launch their device lifecycle services to the market in

the fourth quarter this year. The commercial terms include a license price per

user/device model, and preparations to onboard customers and scale operations

are now set to begin. Financial effect is expected to ramp up from the second

half of 2025.

Further information from:

Morten Meier, CEO, Techstep ASA: +47 97 05 77 17

Ellen Solum, CFO, Techstep ASA: +47?97 66 67 17

About Techstep ASA

Techstep is a mobile & circular 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.

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