Nordic Technology Group (NTG) Investor update summary

Strategic and operational update

• Subsidiaries have entered the commercial phase, positioning for significant revenue growth.

• Growth capital needs are being addressed through direct equity and debt financing at the subsidiary level.

• Moss Hydro is in an advanced sales process, with revenues projected to grow 50% to NOK 30m in 2026 and an EBIT estimate of NOK 5m.

Wavetrain Systems: Market and technology progress

• Achieved UK Type Approval in July 2026, enabling operational use and boosting international interest.

• Active contract negotiations with 6 of 12 Network Rail routes and several international customers.

• Only CENELEC SIL2 certified level crossing protection system globally, offering significant cost and installation advantages.

• AI/ML-based technology enables scalable, cost-effective protection for unprotected rail crossings.

• Strong sales pipeline with a serviceable market of over 30,000 crossings and growing ARR projections.

Hammertech: Commercial traction and growth

• AquaField meters have achieved approvals from major oil companies and are generating repeat orders.

• 51 AquaField meters and 236 AquaField Mud meters sold to date, with service revenue quadrupling year-over-year.

• AquaField technology offers low-cost, non-radioactive, real-time well monitoring, enabling digitalization and OPEX/CO2 reduction.

• Large addressable market with $10bn core opportunity and clear expansion strategy in North America and the Middle East.

• Financial outlook targets cash-flow positive status in 2027, with margin expansion as installed base scales.