White Pearl Technology

The project leverages artificial intelligence to address billing challenges and enhance revenue management for the municipality's utility services.

Shoukath Khan, Managing Director of OTT India, stated: "This contract reinforces our AI-driven approach to utility management, positioning us to deliver significant improvements in billing accuracy and operational efficiency."

Stephen Thorne, Solution Head at WPTG, added: "Our integration of AI and predictive models in this project is truly ground-breaking. We're not just optimising billing systems; we're revolutionising how utilities manage their operations. This approach will set new industry standards for efficiency and accuracy. We plan to take this solution to other large municipalities across Africa."

This contract marks the first in a series of billing modernisation projects WPTG plans to implement across its markets, setting the standard for integrating IoT, AI and predictive models in this space. The project is expected to have a material positive impact on WPTG's financial performance for the fiscal year 2024/2025.

This press release contains forward-looking statements that reflect the Company's current views with respect to future events and financial and operational performance. These forward-looking statements may be identified by the use of forward-looking terminology, such as "believe", "expect", "anticipate", "intend", "plan", "estimate", "project", "target", "aim", "may", "will", "would", "could" or "should" or, in each case, their negative, or other variations or comparable terminology. These forward-looking statements are subject to risks, uncertainties and assumptions about the Company and its subsidiaries and investments. All statements other than statements of historical facts included in this document are forward-looking statements. The Company undertakes no obligation to update these forward-looking statements.

This information is regulated information that White Pearl Technology Group AB is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication through the agency of the contact person set out below at 15:00 CET on 27 September 2024.

For more information, please contact:

Investor Relations Manager

White Pearl Technology Group AB

Email: ir@whitepearltech.com

Phone: +46 707 340804

The company's Certified Adviser is Amudova AB, email: info@amudova.se.

White Pearl Technology Group AB (WPTG) is a global technology company specialising in digital transformation solutions. With a presence in over 30 countries and a team of more than 650 experts, WPTG helps organisations navigate the complexities of the digital age, offering services ranging from ICT and system integration to business software and digital innovation.