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netinsight Press Release Stockholm November 1 , 2021 Net Insight signs agreement worth SEK 220 million with Türk Telekom in synchronization Stockholm , Sweden - Net Insight has signed a collaboration agreement with Turkish telecom operator Türk Telekom relating to 5G synchronization . The agreement is the first of its kind for Net Insight , and opens up a big new market . Within the framework of the collaboration agreement , SEK 55 million relates to product development , and around SEK 25 million will be an initial order with product delivery starting this year . With the agreement , Net Insight once again demonstrates the ability to commercialize its technical excellence . Under the agreement , which is worth SEK 220 million , Net Insight is initially provided SEK 55 million for product development , as well as an initial order worth SEK 25 million for existing products with delivery starting this year . The remaining orders for an entirely new product for 5G will be delivered towards the end of 2023 , with delivery completed in 2026. The solution offers unique advantages as it is independent of GPS and can provide time synchronization over existing networks . 5G rollouts can therefore be done without replacing or upgrading existing nodes in the networks , which reduces operator costs significantly . " This is our single biggest order ever and an important milestone in the company's history . We are creating a new business offering with a new product selected by one of Europe's biggest telecom operators . There is a large total market for 5G synchronization with an estimated future annual value of over USD 1 Bn , " commented Crister Fritzson , CEO of Net Insight . " We see considerable market potential for this innovative solution which will reduce costs and speed up the roll - out of 5G for mobile operators globally . As Türk Telekom , we work hard with the responsibility of leading Turkey's digital transformation and shaping the future with 5G and new generation technologies . We take an active role in drawing the 5G roadmap in the global arena with our pioneering R & D studies , products and tests for 5G worldwide . This important collaboration agreement with Net Insight fits well with our strategy to innovate and bring new technology to the world , " commented Ümit Önal , CEO of Türk Telekom . Net Insight AB ( publ ) Box 1200 , SE - 171 23 Solna , Sweden Visit : Smidesvägen 7 , Solna Office : +46 8 685 04 00 Corp.id.no : 556533-4397 . Vat.no : SE556533439701 Email : info@netinsight.net www.netinsight.net