Wavetrain Systems Sale to Additional European Country of unique AI-Powered

Level Crossing Warning System

Lysaker, Norway -- Wavetrain Systems AS, subsidiary of Nordic Technology Group
AS (NTG), is pleased to announce the sale of its advanced acoustic-based Level
Crossing Warning System with a significant railway operator in an EU country.
The system is to be used in a formal type-approval process, based on Network
Rail approval, in preparation for sales and roll-out. This represents a
strategic milestone for Wavetrain as we expand into new European markets.

Why This Matters
Entering an EU market is a critical step toward broader adoption of
Wavetrain's technology across Europe. The country has a significant number of
unprotected level crossings, all of which could benefit from Wavetrain's
solution. The scale of this opportunity underscores substantial market
potential. Successful implementation here could accelerate adoption in other
European countries, creating a ripple effect that enhances safety and
efficiency across the continent.

Technology and Innovation
This trial leverages Wavetrain's latest AI and Machine Learning enhancements,
which were recently validated through rigorous testing and updated CENELEC
SIL2 certification. Our AI-driven algorithms deliver superior detection
performance, enabling faster installation and reduced lifecycle costs. These
improvements build on the progress achieved with Network Rail in the UK, where
our system demonstrated exceptional reliability during final approval trials.

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

"Europe faces an urgent need to modernize level crossing safety
infrastructure. With thousands of passive crossings still in operation, the
potential for Wavetrain's solution is significant. A successful outcome in
this EU country will not only strengthen our position in the region but also
support cross-acceptance in other markets, paving the way for widespread
deployment."

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.

Contact information:

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| 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 |
| www.ntechgroup.no | www.wavetrain.no |
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