17 Mar 2026 15:19 CET

Issuer

Nordic Technology Group AS

Wavetrain Systems AS, a subsidiary of Nordic Technology Group AS (NTG), is
pleased to announce that it has entered into an agreement with ÖBB (Austrian
Federal Railways) for the trial of its advanced acoustic based Level Crossing
Warning System. The system will be used as part of a formal evaluation and
approval process, supporting potential future deployment on the Austrian rail
network. This agreement represents an important milestone in Wavetrain's
continued expansion across Europe.

Why This Matters
Improving safety at level crossings remains a key priority for European rail
infrastructure owners. By initiating a trial with ÖBB, Wavetrain is entering a
central European market with a large and diverse level crossing portfolio. The
trial represents a low risk, high value opportunity to demonstrate performance
under demanding operational conditions, strengthen Wavetrain's European
reference base, and support assessment of the solution's suitability for
broader deployment on the Austrian rail network. Successful validation will
contribute to wider European cross acceptance, supporting Wavetrain's
continued expansion across Europe.

Technology and Innovation
The trial leverages Wavetrain's latest AI and Machine Learning enhancements to
its acoustic detection platform, validated through rigorous testing and
CENELEC SIL2 certification. The solution is designed for rapid installation
directly at the level crossing. With no moving parts, the system offers
reduced lifecycle cost and reliable performance across varying traffic and
environmental conditions. These capabilities build on experience gained from
previous European trials and approval processes.

Executive Commentary
CEO of Wavetrain, Pål E. Bratlie, said:

"Working with ÖBB experts on this trial is an important step for Wavetrain. It
reflects growing interest among leading European infrastructure owners in
solutions that improve level crossing safety while remaining easy to deploy
and operate in large scale. This initiative supports our continued expansion
across Europe and reinforces our strategy of entering new markets through
structured trials and close cooperation with customers."

About Wavetrain Systems AS
Wavetrain Systems AS, part of Nordic Technology Group AS (NTG), delivers
patented, AI-powered acoustic detection technology designed to enhance safety
at level crossings. Our solutions are certified to CENELEC SIL2 standards and
have been tested extensively to meet stringent railway requirements. Our aim
is to safely reduce risk at level crossings in an affordable and efficient way
on a global scale.

Contact information:

+---------------------------------------+------------------------------------+
| Group CEO Rune Rinnan | CEO Wavetrain Systems AS |
| Chair, Wavetrain Systems AS | Pål E Bratlie |
| Mob. +47 900 56 028 | Mob: +47 930 57 243 |
| rune.rinnan@ntechgroup.no | pb@wavetrain.no |
+---------------------------------------+------------------------------------+


668611_Wavetrain Systems Initiaties Trial With ÖBB.pdf
668611_Wavetrain Systems Agreement with ÖBB for its AI-powered LCWS Supporting Continued Expansion Across Europe.pdf

Source

Nordic Technology Group AS

Provider

Oslo Børs Newspoint

Company Name

NORDIC TECHNOLOGY GROUP AS

ISIN

NO0011018434

Symbol

NTG

Market

Euronext Growth