Reference is made to the Stock Exchange Release on 12 February 2025, announcing
an LOI with a leading IT vendor in the Ireland and UK markets.
Techstep has now signed the agreement for the strategic partnership with Fonua,
a major IT vendor and trusted provider of mobile devices and services within
Ireland. This marks a new milestone from the LOI signed in February this year,
introducing Lifecyle, Techstep's device lifecycle management platform, to new
markets in Ireland and the UK.
The integration of Techstep's Lifecyle platform with Fonua's offerings will
deliver enhanced value and user experience for customers, enabling organisations
to manage device estates more efficiently and sustainably. Key highlights in
this partnership include:
· First two customers scheduled to onboard in December 2025
· Additional customers to follow in subsequent quarters
· Commercial model includes a license price per device per month
Fonua brings bold ambitions and strong market potential, backed by:
· A large existing customer base in Ireland
· Proven expertise in mobile device services for operators
· Trusted relationships with regional and global industry leaders
"Our go-to-market strategy is all about scaling our Device-as-a-Service offering
in Ireland and accelerating growth in the UK. Partnering with Techstep gives us
the platform and expertise to make that happen. Techstep's ability to seamlessly
integrate hardware, software, and lifecycle services means we can deliver a
complete, future-ready solution to our customers - helping them operate more
efficiently and sustainably as we expand."
-Alan Eyre, Director of Strategy and Business Development at Fonua Ltd.
"This agreement aligns perfectly with Techstep's growth strategy to expand our
market reach in Europe and globally. It also supports Techstep's mission to be a
leading mobile and circular technology partner - helping our partners digitise
manual processes and streamline operations while promoting circular economy
values."
-Morten Meier, CEO of Techstep
For further information, please contact:
Morten Meier, CEO Techstep ASA
+47 970 57 717
About Fonua
Fonua is a leading IT vendor with a strong presence in Ireland, providing mobile
devices and services to operators and enterprises. The company is recognised for
its commitment to innovation and customer-centric solutions.
About Techstep
Techstep is a mobile & circular technology company, enabling organisations to
operate smartly, securely, and sustainably by combining mobile devices, software
and expertise to meet customers' business and ESG goals. We are a leading
provider of managed mobility services in Europe, serving more than 2 100
customers in Europe with an annual revenue of NOK 1.1 billion in 2024. The
company is listed on the Oslo Stock Exchange under the ticker TECH. To learn
more, please visit?www.techstep.io.