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Wavetrain Systems Enters Agreement for its AI-powered LCWS in Sweden
24 Mar 2026 08:15 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 a project agreement with
Skyltfonden in Sweden for the trial of its advanced acoustic based Level
Crossing Warning System (LCWS). The system will be deployed in Trafikverket's
existing network as part of a structured trial and evaluation process,
supporting potential broader adoption within the Swedish rail network.
By entering into this agreement with Skyltfonden, Wavetrain expands into a key
Nordic rail market with high safety standards and a strong focus on
cost effective, scalable solutions.
This trial deployment provides a low risk, high value opportunity to
demonstrate real world performance under Nordic operating conditions,
strengthen Wavetrain's European reference base. Successful validation will
contribute to further European cross acceptance, supporting Wavetrain's
continued expansion across the region.
The deployment in Sweden leverages Wavetrain's latest AI and Machine
Learning enhanced acoustic detection platform, validated through extensive
testing and CENELEC SIL2 certification. The system is designed for rapid
installation directly at the level crossing, with minimal lineside works or
signalling integration.
Executive Commentary
CEO of Wavetrain, Pål E. Bratlie, said:
"A structured trial in Sweden allows us to demonstrate the value of our
solution in real operational conditions while expanding our presence in a key
Nordic market. It reinforces the strong momentum we are seeing across Europe
and supports our long term ambition of improving safety at level crossings in
a cost effective and scalable way."
About Skyltfonden in Sweden
Skyltfonden is the Swedish Transport Administration's fund for research,
development, and innovation in road safety. The fund finances projects that
can help reduce the number of fatalities and injuries in traffic and is aimed
at companies, researchers, organizations, and other stakeholders working on
new solutions for a safer traffic environment.
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 |
| | |
+---------------------------------------+------------------------------------+
More information:
Access the news on Oslo Bors NewsWeb site
669151_Wavetrain Agreement Sweden.pdf
669151_Wavetrain Systems Enters Agreement for its AI-powered LCWS in Sweden.pdf
Source
Nordic Technology Group AS
Provider
Oslo Børs Newspoint
Company Name
NORDIC TECHNOLOGY GROUP AS
ISIN
NO0011018434
Symbol
NTG
Market
Euronext Growth