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2020-02-21

Netmore Group AB (publ): Netmore Group's English operations are part of a consortium that builds 5G networks for Sherwood's...

Netmore's combined knowledge in network development and experience in
designing tailor-made private networks - together with the English
partner's experience in establishing Open Fiber in England - has
given Netmore the opportunity to be chosen as a partner in one of the
most prestigious 5G projects in England. The project includes the
design and construction of a private 5G network to - through VR / AR
- meet Robin Hood and his friends in the Sherwood forest.

The project runs over many years and the expansion will also lead to
Netmore's core network developing at the same pace, thus Netmore will
be able to offer private 5G networks to other English customers, but
also start the expansion of the corresponding 5G networks in Germany.

The fact that Netmore Group established two of its branches in England
and Germany is no coincidence. Two countries whom has have quickly -
through changed regulations - created spectrum and opportunities to
build private 5G networks.

"The Netmore Group is proud of the mission to create the world's first
5G-connected forest and we take on tasks in the consortium with great
focus and dedication. We have high hopes for the future and see it as
a matter of course that Sweden will also receive a similar regulation
later this autumn which creates this opportunity. With open
regulation, new growth is possible for all industries, not least in
the real estate sector. The entire Netmore Group business will
accelerate with new demands from our prioritized customer segments
and we will add energy and resources to meet the great interest we
see in all our business areas." -says Erik Hallberg, CEO of Netmore
Group AB.

Erik Hallberg
CEO
erik.hallberg@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

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https://news.cision.com/se/netmore-group-ab--publ-/r/netmore-group-s-eng...
https://mb.cision.com/Main/15900/3041445/1198329.pdf

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