White Pearl Technology

White Pearl Technology Group AB (WPTG) subsidiary OmnitellTech today announced the award of a significant contract with a major metropolitan municipality in Southern Africa. Due to contractual confidentiality requirements, the specific municipality cannot be named at this time. The contract, for 3 years with an option to extend for a further 2 years, is worth over SEK 100M and forms part of WPTG's strategic revenue optimisation initiative.

The contract encompasses AI-driven cyber security solutions with high margins, leveraging advanced data analytics capabilities over the multi-year engagement period.

Ibrahim Srour, Group COO of WPTG, commented: "This contract represents a significant milestone in our revenue optimisation strategy. By combining our innovative AI, Cyber Security and Fraud management expertise with our deep understanding of public sector needs, we're creating new opportunities for metropolitan municipalities to enhance their revenue streams while improving citizen services."

Stephen Thorne, Chief Architect of WPTG, added: "The Southern African market has shown strong demand for AI-driven Cyber Security solutions. These projects will demonstrate how technology can transform municipal revenue collection while enhancing citizen engagement. We're excited to implement these solutions and create a model that can be replicated across other African markets."

The project is expected to commence immediately and will contribute significantly to WPTG's financial performance for the fiscal year 2025.

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 11:00 CET on 14 February 2025.

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.

About White Pearl Technology Group AB: 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.