NTG: Wavetrain Systems Achieves Type Approval from Network Rail in UK Opening Up For Commercial Roll-Out

Wavetrain Systems AS today announced that Network Rail has granted type
approval for the Wavetrain OMSL (Overlay Miniature Stop Light), Certificate of
Acceptance, covering the complete system including train detection, warning
lights, and audible sounder. This approval represents a critical commercial
milestone, unlocking access to one of Europe's largest and most
safety regulated rail markets.

The approval confirms that the Wavetrain OMSL meets Network Rail's stringent
technical and safety requirements for use at level crossings and will now be
deployed in operational service, where it provides warning to the public
through visual and audible alerts. This represents a significant premise for
roll-out and demonstrates the maturity of Wavetrain's end to end level
crossing safety solution.

The Wavetrain OMSL is an AI powered acoustic train detection system designed
to efficiently improve safety at level crossings. All system components are
installed directly at the crossing, eliminating the need for extensive civil
works. The system integrates with standard warning measures and is designed to
deliver reliable performance across a wide range of traffic profiles and
environmental conditions, all while maintaining low installation and
life cycle costs at large scale.

The approval follows several years of extensive development, testing, and
assessment program carried out in close cooperation with Network Rail and
independent safety assessors. The latest system version incorporates advanced
machine learning algorithms that improve robustness in complex operational
environments and deliver consistent warning times in line with Network Rail's
rigorous requirements.

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

"Receiving type approval from Network Rail represents a company-defining
milestone Wavetrain. For the first time, our complete OMSL solution ---
including train detection, lights and sounder --- is now approved for
operational deployment to the public on the UK rail network. This approval
confirms that our technology meets the highest safety standards and positions
Wavetrain for commercial deployment in one of the world's most advanced
railway markets."

Network Rail manages one of the largest rail infrastructures in Europe, with
approximately 6,000 level crossings across the UK, of which about two thirds
have currently no warning system installed. The OMSL solution expands the
range of approved safety measures available to Network Rail and offers a
flexible and cost-efficient option for improving safety at crossings where
traditional infrastructure solutions may be impractical or cost prohibitive.

The approval further strengthens Wavetrain's position in other international
rail markets The company has already active customer processes in several
countries, including Ireland, Austria, Sweden and Australia.

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
world wide.

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                    |
|                                       |                                    |
+---------------------------------------+------------------------------------+
           |\
+---------------------------------------+------------------------------------+\