Netmore Group AB (publ) establishes Joint Venture company in Germany

Netmore Group AB has arrived in Germany. Netmore GmbH is a joint venture with German telecom expert and positions the Group for growth here.

The established JV company is formulated in collaboration with a recognized local entrepreneur, Jürgen Pfitzner, experienced in nation-wide broadband network rollout and development. With his knowledge, leadership and local network, we have found a good match to quickly establish ourselves with Netmore solutions for industries, property owners, and local governments in Germany.

"We see many opportunities from the recent German telecom regulators decisions to start issuing local 5G licenses. Combining local market understanding and Netmore Group's technical capabilities for different access networks such as WiFi, LoRaWAN, 3G / 4G with our core network, we position ourselves well to address the growing demand." says Arti Ots, Head of Strategy and European Launch at Netmore Group

"Germany, the biggest market in Europe, is a challenge and at the same time an opportunity for me and for us. Together with the technical experience of my Swedish partners and our very good historical relationship in building successful Telco Companies, we will be in a short time a significant part in Germany. I am proud to be a part of this story!" says Jürgen Pfitzner, CEO at Netmore GmbH

For more information:

Arti Ots, arti.ots@netmoregroup.com

Jürgen Pfitzner, juergen.pfitzner@netmoregroup.com

Netmore Group AB is an IoT operator that develops a comprehensive solution for cities, industries, properties and homes. Together with our partners we build a safe and sustainable ecosystem for Internet of Things, locally, nationally and global. Netmore Group was formed in 2010 and since 2017 listed on the Nasdaq First North Growth Market.

G&W Fondkommission is the Company's Certified Adviser regarding the listing at Nasdaq First North Growth Market.

Tel: 08-503 000 50, e-mail: ca@gwkapital.se