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1 Company Update - CEO Message 8 September 2026
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Disclaimer 2 Not for relea se, directly or indirectly, in or into any ju risd ictio n where such relea se, publicat ion or dist ribut ion is unlawful (except in accordance with applicable law s). The inform ation contained herein does not constitute an offer to sell, or th e solicitation of an offer to subscribe or buy, nor shall there be any sale of th e securities referred to herein in any ju risd ictio n in which such offer, solicitation or sale would be unlawful pr ior to publicat ion of a pr ospect us, registration, exemption from registration, or qualificat ion under th e securities law s of any ju risd ictio n. This presentation (the "Presentation") has been prepared by Nordic Technology Gr oup AS (the "Company" and together with its subsidiaries th e "Group"). 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This is NTG 3 NTG Board of Directors NTG Executive Management Business Area Sensor T ech Business Area Clean Tech WavetrainSystems AS (74%) HammertechAS (75%) MossHydroAS (89%) HystorsysAS (100%) Exit in process
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•Subsidiaries now in commercial phase and well positioned for revenue growth •Break-through Type Approval in UK for Waivetrain Systems in July •Hammertech secured orders for 36 AquaField Mud meters – technology approved by Saudi Aramco, ADNOC, other majors and international oil service companies •Addressing growth capital requirement before reaching positive cash flow through direct equity and debt financing in subsidiaries •Well advanced sales process of MossHydro – sales revenues growing by 50% to NOK 30m in 2026 and EBIT estimate of about NOK 5m NTG: Key Message 4
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8 September 2026 NTG Company Update
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Type Approval in UK achieved – sales ongoing •Type Approval processes with Network Rail in the UK takes 8–10 years •No known players have started the process to approve new technology •Existing players have outdated technology with very high installation cost •Contract negotiations in the UK •In active negotiations with 6 out of 12 routes in Network Rail •Type Approval from Network Rail is boosting interest from multiple international customers •Contract negotiations with several international customers 2 © Wavetrain Systems 2026. Confidential and not for distribution.
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Level crossings are a critical and fatal problem for the rail industry 3 © Wavetrain Systems 2026. Confidential and not for distribution. SCALE 1,000,000+ rail level crossings worldwide Only around half are protected. The cost of traditional solutions leaves the rest a significant risk to both life and property. HUMAN COST 200+ lives lost every year in the EU Preventable fatalities continue to occur because existing solutions are either too expensive or insufficient — with many more left severely injured. ECONOMIC COST EUR 2bn total annual economic impact in the EU Around EUR 10m per fatal accident¹, on top of traffic disruption, repairs and regulatory compliance — an enormous need for scalable solutions. Note: 1) Including compensation and investigations. 2) Based on 200 lives lost per year in the EU. Source: UNECE / European Union Agency for Railways; European Commission. Why it matters Half the world’s crossings are unprotected because protection has been too expensive — that is exactly the gap Wavetrain LCWS closes.
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Product & Application •System to detect trains using AI and Machine Learning for interpretation of the trains acoustic signature in the rail •Four sensors for a single track, eight sensors for double track •Connected to a single control unit with advanced and proprietary software •Output drives warning measures (lights, sounders and barriers) •Only CENELEC SIL2 certified system on the market (EN 50126, EN 50128, EN 50129) •IEC 61508 certified •Patented in more than 20 countries Level Crossing Warning System (LCWS) 4 © Wavetrain Systems 2026. Confidential and not for distribution. Cost-effective reduction of risk at level crossings
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Wavetrain unlocks the unprotected-crossing market Cost and complexity of legacy systems make network-wide deployment prohibitive 5 © Wavetrain Systems 2026. Confidential and not for distribution. Integration complexity ↑ Wavetrain —rail acoustics + AI/ML Other wheel-sensor systems Mechanical switches Axle-counter systems Track circuits Deployment cost →LOW HIGH Why Wavetrain changes the economics •Disruptive technology: local rail-acoustic sensing and proprietary AI/ML replace long, remote detection sections. •Legacy cost stack: mechanical, track-circuit and axle-counter systems depend on cabling, excavation, signallinginterfaces and track possessions. •Market unlock: lower deployment cost lets infrastructure owners protect more passive crossings within fixed safety budgets. 5–10xcompetitor burden is prohibitive for passive-crossings Competitive contrast WAVETRAIN OTHER TECHNOLOGY RELEVANCE Rail-acoustic + proprietary AI/ML Local at crossing | Minimal civil works Mechanical, track-circuit & axle-counter systems Remote detection | Complexinfrastructure Lower cost expands the serviceable market Passive crossings become economically addressable
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Wavetrain transition to use AI and Machine Learning •Wavetrain have transitioned to use AI and Machine Learning in the core product to: •Improve performance •Enable faster roll-out •Extend product offerings •The latest product update is released and approved: •Received external CENELEC SIL2 certification •Received type approval by Network Rail to go into operational use •This paves the way for sales and roll-out in the UK and have opened other markets 6 © Wavetrain Systems 2026. Confidential and not for distribution.
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Business Model 7 Selling train detection systems for level crossings, SW & HW In-house development of core AI safety applications for the railway market Local contractors or customer to install and maintain according to local requirements Manufacturing and assembly using certified suppliers © Wavetrain Systems 2026. Confidential and not for distribution.
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Massive Addressable Market 8 > 1 000 000 level crossings world-wide Euro 50 billion Only CENELEC SIL2 Certified supplier UK 6.0002026 2030 Potential market is literally any country operating railroads Source: Management analysis and management estimates Australia 20.000 Canada 22.000 Europe 90.000 US 210.000 ROW 600.000+ © Wavetrain Systems 2026. Confidential and not for distribution.
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Strong Market Demand Backed by Network Rail Approval 9 1. CUSTOMER ENGAGEMENT Customers Panama France Spain Germany Angola Poland Latvia Estonia Finland Colombia Brazil Total Addressable Market 26,593 Level Crossings Serviceable Market 14,200* 2. SALES NEGOTIATIONS Customers Canada Indonesia Greece Norway Georgia Thailand Morocco Total Addressable Market 10,111 Level Crossings Serviceable Market 8,100* 3. SALES, TRIAL AND TYPE APPROVAL Customers Ireland Australia Austria Sweden Total Addressable Market 10,050 Level Crossings Serviceable Market 6,400* 4. SALES AND ROLL-OUT Customers UK • 12 Routes (Customers) Total Addressable Market 6,000 Level Crossings Serviceable Market 1,500* Pipeline summary: TAM: 52,754 | Servable: 30,200 | # opportunities: 23 * Servable market is company estimate © Wavetrain Systems 2026. Confidential and not for distribution.
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Strong Growth From Current and Incoming Customer Base 10 © Wavetrain Systems 2026. Confidential and not for distribution. Revenue, NOKmEBITDA, NOKm 79 11 333(year4) 151(year4) 757(year7) 378(year7) First 12 months 124installedbase 119 systems sold in period Yea rs 2–4 1,119installedbase 995 systems sold in period Period-end ARR: NOK20m Yea rs 5–7 3,701installedbase 2,582 systems sold in period Period-end ARR: NOK66m
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Competitive Advantages 11 Only CENELEC SIL2 Certified supplier of level crossing protection world-wide, which is a requirement in major markets •No known competitors at this certification level Commercial roll-out and follow on orders by end of year •Expect UK and one other customer to start follow-on orders Significantly lower life cycle cost compared to competition •Cost advantage with fast installation and no maintenance •Autonomous, no integration with costly signaling system Type Approved for operational use in UK mid 2026, full National Approval after demonstration at 3 additional sites Ongoing trials and type approval process with 4 other customers •Expect to increase with 3 additional customers by end of year © Wavetrain Systems 2026. Confidential and not for distribution. Unique AI technology platform - data from 1.3m train passings
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Key takeaways •Type Approval processes in place for Network Rail, UK •Unique Wavetrain technology de-risked with very strict Type Approval process •Opens for cross-acceptance in other markets •Commercial contract negotiations in the UK ongoing •In active negotiations with 6 out of 12 Routes •UK Type Approval is boosting interest from several international customers •Sales, trials and type approval in 4 countries outside UK •Sales negotiations with several more countries boosted by UK type approval 1 © Wavetrain Systems 2026. Confidential and not for distribution. .
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Disclaimer This document is not a replacement for a full review of the company's books, documents, certificates or accounts and is not a comprehensive review of the company's business. The document is solely made for the purpose of presenting the business plan. Further, document is not, and should not be relied upon as, a legal opinion in relation to any matter referred to in it. This document is confidential and is privileged and otherwise protected by law as business secrets.
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NORDIC TECHNOLOGY GROUP (NTG) · COMPANY UPDATE HammertechAquaField —Innovation in Flow 8 September 2026
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COMMERCIAL TRACTION AquaField : Approved, Already Selling, Already Repeating Six data points on where Hammertech already stands. 1 51 meters Sold to date, through August 2026 21 of the 51 sold in 2026 alone 2 36 units AquaField Mud meters sold 20 sold in 2026 —the newest category, already repeating 3 NOK >30m Development projects delivered Paid engineering work, not speculative R&D 4 4× Service revenue growth year-over-year NOK 0.5m so far in 2026 —four times the same period in 2025 5 9COM · AVL Approved Vendor List status Saudi Aramco (9COM), ADNOC (AVL), large global OFS provider , others 6 NOK 88m Accumulated Revenue Cumulative revenue since inception —product, service and development combined
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AQUAFIELD TECHNOLOGY Value Proposition Enhanced Recovery · Production Optimization · Digitalization · OPEX & CO₂ Reduction AquaField Per Well Online, continuous and real-time monitoring of the individual well. → Digitalization Supports remote well and reservoir management through real-time transmittal data from the individual well. → OPEX & CO₂ Reduction Removes the need for traditional, periodic individual well testing: costreduction | low emissions | enhanced recovery Hammertech's AquaField —Simplifying Complexity, Innovation in Flow
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AQUAFIELD TECHNOLOGY Competitive Advantages Structural advantages built into the platform —not incremental features to be matched. 1 Low Cost USD ~50,000 per unit 2 Easy Setup, High Reliability Self-calibrating from installation onward 3 PVT Independent No reliance on pressure / volume / temperature properties 4 Easy Physical Installation Fits existing wellsite infrastructure 5 Small Size, Low Weight Compact footprint, minimal handling 6 Enabling Digitalization Live data feeds remote monitoring 7 Non-Radioactive No licensing, transport or decommissioning burden 8 Enhanced Recovery, Reduced Footprint Higher recovery, lower CO₂ in the production phase AquaField —Multiphase Fraction & Salinity Meter
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AQUAFIELD TECHNOLOGY Making Digitalization Real Competitive advantages, benchmarked —the economics behind one meter per well. 1 Low Enough Cost Priced to install one meter per well from day one — not sample a handful of wells and extrapolate. → 2 No Drift, No Radioactive Source Self-calibrating and gamma-free —operating cost stays low well after well, not only at purchase. → 3 Enabling Digitalization Dense, continuous, real-time data across the full well population —the foundation for the wave. A very large NOC in the Middle East region’s own economic evaluation of AquaField Green: 5–6% production increase · 1–2% recovery factor increase —enabled by continuous, real-time measurement across the full well population. HOW IT COMPARES AquaField Schlumberger Vx Spectra / Haimo Emerson-Roxar MPFM2600 Weatherford RedEye Radioactive Source None Required (dual) Required (single) Not required Recalibration Interval Never 3–6 months 3–6 months Frequent (lens fouling) 5-Yr TCO / Well $115–170k $220–400k $200–320k Lower upfront, higher OPEX Source: Rystad Energy independent technology evaluation (multiphase flow meter comparison) · internal economic evaluation sharedby a Middle East NOC.
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MARKET OPPORTUNITY A Large, Underserved Market Independently sized by Rystad Energy —concentrated in two priority geomarkets. $84bn To ta l po ten tia l m a rket ~2.1 million wells worldwide $18bn Target market ~450,000 wells across major NOCs and IOCs $10bn Core market ~251,000 wells —AquaField assumed most applicable Why North America ●Production is shale-driven —high well counts, fast decline curves. ●A large-operator base plus a long tail of independents. ●Partner-led channel reaches the fragmented base at scale. Why the Middle East ●Production is conventional and long-lived. ●A small number of large national oil companies dominate. ●Direct, relationship-led engagement —not a volume motion. Source: Rystad Energy Commercial Due Diligence Report
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HAMMERTECH AquaField Mud A New Category –First Large Orders Received The same validated platform, extended to drilling fluids —and first mover. 36 meters AquaField Mud units sold to date 2 partners Global technology partners scaling deployment worldwide 10 Further companies mapped and prioritized 1st First mover in a category Hammertech created Drilling is racing to digitalize like the rest of the value chain —replacing manual, man-intensive and messy point checks with continuous real-time data. Hammertech’s AquaField Mud is the first sensor to measure water, oil, gas, solids and cuttings —five parameters, one compact in-line unit, in real time.
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AquaField CUSTOMER VALIDATION Validated by the World’s Largest Operators Deployed and under active scale-up discussion across national oil companies and global operators. NORTH AMERICA MIDDLE EAST A Global Supermajor •7 years of technical dialogue completed •Technology confirmed robust enough to proceed •Pre-start pilot testing begins H2 2026 A Large North American Independent •First unit deployed and running since summer 2026 •Scale-up conversations will follow successful test Saudi Aramco •9COM-certified •Reservoir management and well testing dialogue active across 13 fields •Nominated development projects from Aramco R&D ADNOC •AVL –Approved Vendor List •Proven pilot results secured •Coordinated, corporate-wide adoption plan underway across operating assets
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AQUAFIELD COMMERCIAL Short Term Sales Target Indicative unit targets by account —H1 2026 to H2 2027 (# meters). Customer H1-26 H2-26 H1-27 H2-27 Major OFS vendor, Mud-partner #1 - 30 - 30 Mud-partner #2 10 10 10 10 Major NOC #1, ME region - 15 - 60 Major NOC #2, ME region - 15 10 10 Major NOC #3, ME region - - - 20 Large US independent - - 20 20 Others (including new Mud-partners) 1 4 13 37 Sum all 11 74 53 187 Note: account names are placeholders for internal review —anonymize before external distribution.
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LOOKING AHEAD Financial Outlook Revenue, NOKm EBITDA, NOKm Short-term Mid-term Long-term Annual 80 6 Sales EBITDA Annual 207 57 Sales EBITDA Annual 380 137 Sales EBITDA Revenue RevenueRevenue ●Securing new and repeat orders for AquaField Mud ●Middle-East: first volume orders for AquaField Green ●Growing service revenue as the installed base expands ●Scaling sales and production ●Broadening operating range and autonomy to stay ahead of the field ●Expanding into additional national oil companies and IOC accounts ●Volume orders from global majors and NOCs ●Implementing a software-driven recurring revenue model ●Margin expansion as the installed base scales
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Key takeaways AquaFieldMud: commercial breakthrough, already generating repeat orders. Middle East: vendor-list approvals converting into sales, with the first volume order booked this year. A clear path to cash-flow positive in 2027. Innovation in Flow Thank you
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1 www.ntechgroup.no