Techstep signs new agreements worth NOK 2.1 million recurring revenue per year

29 Mar 2023 08:05 CEST

Techstep has signed two new agreements to deliver SmartControl to a total of
4,400 employees in Norway.

SmartControl?is a recurring Managed Service, where Techstep's experts?deliver
best practice implementations, support, and proactive?services. Techstep manage
and secure?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.

The first agreement is signed with a large company within the energy sector to
deliver SmartControl of 2,600 devices in Norway. The customer was looking for a
long-term partner to optimise their mobile eco-system with a more proactive
approach across several areas of Managed Mobility Services. Techstep was chosen
due to proven experience and expertise within smarter mobile technology, as well
as solid customer references also within the energy sector.

The agreement of 12 months has a total contract value in excess of NOK 1.2
million recurring revenue per year. The solution will be deployed as soon as
possible.

Moreover, Techstep has signed a new agreement with Widerøe Ground Handling AS,
Norway's largest ground service provider, to deliver SmartControl to 1,800
employees in Norway.

Widerøe Ground Handling handles nearly 167,000 aircraft turnarounds annually, is
present at 42 locations throughout Norway, and have more than 1,800 affiliated
employees. They are a full-service ground provider to airlines such as Widerøe
Flyveselskap, SAS, KLM, Air France, Norwegian, Lufthansa and more.

With SmartContol, Widerøe Ground Handling will outsource their Mobile Device
Management (MDM) platform and benefit from easer operation, maintenance, and
security of work devices for their staff. Techstep was chosen due to high
competence within Mobile Device Management and the mobile eco-system. The
agreement of minimum 12 months has a total contract value of NOK 900,000
recurring revenue per year. The solution will be deployed as soon as possible.

For more information, please contact:

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

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

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/).

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