29 May 2026 11:52 CEST

Issuer

Ayfie International AS

Lunner, a municipality in Akershus, Norway, has signed a contract with Ayfie and
their strategic Partner Canon to provide efficient and secure AI solutions to
its employees. The contract has a value of NOK 95,000 for the initial six-month
period, corresponding to an annualized recurring revenue (ARR) of NOK 190,000
pending renewal.

Lunner municipality will use Ayfie Assistant as a first step, exploring how
Ayfie AI Agents can handle case processing and administration. Employees will be
able to choose among market leading large language models (LLMs), such as Chat
GPT, Claude and Mistral, to analyze and search across internal information,
files and apps without compromising security.

The contract has a duration of six months with the possibility of extension.
Lunner is one of several municipalities in Norway to provide AI capabilities to
their employees using Ayfie.

"Lunner's decision demonstrates how Norwegian municipalities are embracing AI to
work smarter and serve their residents better, without compromising on security
or privacy.", said Herman Sjøberg, CEO of Ayfie International.

Ayfie is based on RAG, a Retrieval-Augmented Generation model. This is a
technique in AI that combines two components: A Retriever that searches a large
collection of documents, databases, or knowledge bases and a Generator in the
form of a Large Language Model that uses both the query and the retrieved
documents to generate a more accurate, grounded, and up-to-date response. Ayfies
RAG model provides an organization with the power of LLMs to process internal
information without compromising information security, confidentiality and GDPR
requirements.

For further information, please contact:

Herman Sjøberg, CEO, Ayfie
Tel: +47 92 66 22 33,
E-mail: herman.sjoberg@ayfie.com

About Ayfie
Ayfie is a leading software provider specializing in enterprise AI search,
retrieval-augmented generation (RAG), and generative AI. With over 15 years of
experience, Ayfie delivers a flexible AI search layer that connects apps and
systems, with an indexing engine that understands documents, preserves
permissions, and shows the exact source behind every answer. Ayfie's platform
contains of reusable connectors, a powerful AI index, and a deployment model
that fit security and compliance needs.


Source

Ayfie International AS

Provider

Oslo Børs Newspoint

Company Name

AYFIE INTERNATIONAL AS

ISIN

NO0012861683

Symbol

AIX

Market

Euronext Growth