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Net Insight signs framework agreement with Teracom for time synchronization of critical mobile network

Stockholm, Sweden – Net Insight has entered into a strategically important frame agreement with Teracom for the delivery of its time synchronization solution Zyntai. The frame agreement primarily concerns the time synchronization of Teracom's network for critical services. The value of the agreement for the project, for deployment during 2023 and 2024, is over SEK 10 million.

Teracom Group is a state-owned corporation that provides secure communication services to Sweden's vital societal actors. Teracom's mobile network, focusing on critical services, requires a robust and secure time synchronization solution that is independent of GPS/GNSS. After a thorough evaluation process, Teracom has chosen Net Insight as its supplier.

The solution, based on Net Insight's new cost-effective synchronization platform Zyntai, meets the high performance and security requirements that Teracom places on the time synchronization of its critical mobile network. The agreement represents an important strategic step forward for Net Insight in its expansion of time synchronization for critical networks. The first phase, worth over 10 million SEK, is planned to be delivered during 2023, with the majority in the first half of 2024.

"We need a GPS/GNSS-independent solution that is robust and easy to implement over our existing infrastructure, which Zyntai can provide," says Gunnar Bergman, head of networks at Teracom.

"We are very proud to offer Teracom an alternative solution to GPS that meets their high requirements and expectations," says Crister Fritzson, CEO of Net Insight. "Zyntai offers a secure, flexible, and cost-effective path to time synchronization for critical networks. This agreement is evidence of the quality and innovation that Net Insight constantly strives for."

For further information, please contact:
Crister Fritzson, CEO of Net Insight AB, +46 8 685 04 00, crister.fritzson@netinsight.net

About Net Insight

Net Insight (Nasdaq: NETI B) offers a GNSS/GPS independent time synchronization solution for TDD 5G networks through its Precision TimeNet product that provides the highest accuracy and performance while dramatically reducing CAPEX and OPEX for MSOs and speeding up 5G roll-outs by working over existing IP/MPLS networks.

With over 25 years of experience from the professional media industry where the world's leading media providers have relied on Net insight's Emmy®-winning Nimbra solution to guarantee their media transport and to accurately synchronize TV and media services over existing IP networks independently of GNSS/GPS. Net Insight now brings this uniquely established knowledge into the future mobile networks to solve 5G TDD time synchronization independent of GNSS/GPS. Solving time synchronization in 5G and 6G TDD networks through approaching it as an open disaggregated virtualized end-to-end service provided independent of the underlying network is for Net Insight the only future proof approach.

For more information, please visit netinsight.net

Follow us: LinkedIn: linkedin.com/company/net-insight/ X: twitter.com/NetInsight

About Teracom

For more information, please visit www.teracom.se/

This information is information that Net Insight is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact persons set out above, at 2023-12-08 13:45 CET.

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Net Insight signs framework agreement with Teracom for time synchronization of critical mobile network

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Major American operator expands trial sync network with Net Insight

Stockholm, Sweden – Net Insight has received an order from a major American operator for expansion of their trial synchronization network.

After successful tests of Net Insight's GPS/GNSS independent synchronization solution, the customer expands its synchronization network to enter commercial trials. The Net Insight TimeNodes will be delivered before the end of the year.

"We are pleased that this major operator has verified the strengths and benefits of our synchronization solution and continues to expand their network," says Crister Fritzson, CEO of Net Insight. "This proves the strength of the solution in the American market and verifies our go-to-market strategy."

Net Insight's synchronization solution is designed to address the time synchronization challenges faced by today's complex networks and services. It creates an overlay synchronization network that operates independently of the underlying IP and transport infrastructure. This provides precise time synchronization where it is needed without requiring time sync hardware support in routers, switches and transport nodes, while working also over leased capacity. By distributing time sync over the network, the customers' sites also become independent of external GPS/GNSS sources, reducing vulnerability to interference beyond their control.

For further information, please contact:
Crister Fritzson, CEO of Net Insight AB, +46 8 685 04 00, crister.fritzson@netinsight.net

About Net Insight

Net Insight (Nasdaq: NETI B) offers a GNSS/GPS independent time synchronization solution for TDD 5G networks through its Precision TimeNet product that provides the highest accuracy and performance while dramatically reducing CAPEX and OPEX for MSOs and speeding up 5G roll-outs by working over existing IP/MPLS networks.

With over 25 years of experience from the professional media industry where the world's leading media providers have relied on Net insight's Emmy®-winning Nimbra solution to guarantee their media transport and to accurately synchronize TV and media services over existing IP networks independently of GNSS/GPS. Net Insight now brings this uniquely established knowledge into the future mobile networks to solve 5G TDD time synchronization independent of GNSS/GPS. Solving time synchronization in 5G and 6G TDD networks through approaching it as an open disaggregated virtualized end-to-end service provided independent of the underlying network is for Net Insight the only future proof approach.

For more information, please visit netinsight.net

Follow us: LinkedIn: linkedin.com/company/net-insight/ X: twitter.com/NetInsight

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Major American operator expands trial sync network with Net Insight

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Standardization of a new synchronization solution has been initiated within ITU

Stockholm – ITU (The International Telecommunication Union) has decided to start a working item for a new supplement in order to begin standardization of Enhanced Partial Timing Support (ePTS). This is the first step to standardize the Precision TimeNet (PTN) technology that Net Insight has developed for its new Zyntai synchronization platform.

At the previous week's ITU convention in Geneva, ITU Study Group 15 (SG15) decided to start a working item for a new supplement in order to start standardization of Enhanced Partial Timing Support (ePTS).

This is the first step to standardize the Precision TimeNet (PTN) technology that Net Insight has developed and spearheaded. PTN is used in Net Insight's new Zyntai synchronization products. Zyntai is optimized for synchronization of 5G and critical networks.

The aim of the working item is to optimize time synchronization across wide area networks without the need for full timing support PTP (Precision Time Protocol, ITU G8275.1 profile) in intermediate nodes. With the approval of the work item, the standardization of Enhanced Partial Timing Support (ePTS) could formally start. The work is currently scheduled to be completed in 2025. The exact plan for how it will be published will be determined as the ITU standardization work progresses.

"This is a first but very important step in making Precision TimeNet a global standard," says Per Lindgren, Group CTO and Head of Sync at Net Insight. "The working item received strong support within ITU. Net Insight is fully committed to work with standards and open technology "

For further information, please contact:
Crister Fritzson, CEO of Net Insight AB, +46 8 685 04 00, crister.fritzson@netinsight.net

About Net Insight

Net Insight (Nasdaq: NETI B) offers a GNSS/GPS independent time synchronization solution for TDD 5G networks through its Precision TimeNet product that provides the highest accuracy and performance while dramatically reducing CAPEX and OPEX for MSOs and speeding up 5G roll-outs by working over existing IP/MPLS networks.

With over 25 years of experience from the professional media industry where the world's leading media providers have relied on Net insight's Emmy®-winning Nimbra solution to guarantee their media transport and to accurately synchronize TV and media services over existing IP networks independently of GNSS/GPS. Net Insight now brings this uniquely established knowledge into the future mobile networks to solve 5G TDD time synchronization independent of GNSS/GPS. Solving time synchronization in 5G and 6G TDD networks through approaching it as an open disaggregated virtualized end-to-end service provided independent of the underlying network is for Net Insight the only future proof approach.

For more information, please visit netinsight.net

Follow us:

LinkedIn: linkedin.com/company/net-insight/ X: twitter.com/NetInsight

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Standardization of a new synchronization solution has been initiated within ITU

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Net Insight Interim Report January – September 2023

Continued profitable growth driven by strong development in the media business

The strong earnings and growth in the quarter was attributed to the ongoing strong development in the media business, despite macroeconomic uncertainty. As expected, the revenue from time synchronization was slightly lower year-on-year, however the order book has increased during the quarter from SEK 160 million to over SEK 180 million.

"I am proud that our media business continues to perform well in a turbulent market. In addition, I see that our time synchronization solution can be an important advantage in a telecom market affected by macroeconomic uncertainty, as it implies lower costs for the telecom operators."

Crister Fritzson, CEO Net Insight

July – September 2023

• Net sales amounted to SEK 144.0 (130.3) million, an increase of 10.5% year-on-year. In comparable currencies net sales increased by 5.9%.
• Operating earnings amounted to SEK 19.6 (27.3) million, corresponding to an operating margin of 13.6% (20.9%). Excluding foreign exchange rate differences of SEK -1.9 (0.5) million, operating earnings were SEK 21.5 (26.8) million.
• Net income for the period was SEK 16.2 (24.2) million.
• Earnings per share diluted was SEK 0.05 (0.07).
• Total cash was SEK -3.6 (-36.0) million. Excluding the cash impact from share-related transactions, the cash flow was SEK 18.5 (2.1) million.

January – September 2023

• Net sales amounted to SEK 396.9 (350.1) million, an increase of 13.4% year-on-year. In comparable currencies net sales increased by 7.2%.
• Operating earnings amounted to SEK 41.5 (47.3) million, corresponding to an operating margin of 10.4% (13.5%). Excluding foreign exchange rate differences of SEK -4.9 (0.9) million, operating earnings were SEK 46.4 (46.5) million.
• Net income for the period was SEK 37.5 (44.1) million.
• Earnings per share diluted was SEK 0.10 (0.12).
• Total cash was SEK -45.9 (-61.0) million. Excluding the cash impact from share-related transactions, the cash flow was SEK -10.6 (13.8) million.

For the complete interim report, please refer to the attached PDF.

A web presentation for media and the financial community will take place at 9:30 am CET on November 9, 2023
CEO Crister Fritzson and CFO Joakim Schedvins will present and comment on the interim report: https://ir.financialhearings.com/net-insight-q3-2023

For further information, please contact:
Crister Fritzson, CEO of Net Insight AB, 08-685 04 00, crister.fritzson@netinsight.net

About Net Insight

Net Insight (Nasdaq: NETI B) provides the highest performing, most open video transport and media cloud technology for content providers as the industry standard for flexibility and service across live contribution, distribution and remote production media workflows. 

For over 25 years, the world's leading content owners, broadcasters, production companies, service providers and enterprises have trusted Net Insight's Emmy® Award winning Nimbra technology to guarantee media delivery. Today, Net Insight partners with hundreds of customers in over 70 countries to ensure media flows across managed and unmanaged IP networks, and the cloud – from anywhere, to everywhere. It enables customers to get the best from any mix of virtualized, cloud and IP technology and is the only platform to support all the major industry standards, protocols and clouds.

For more information, please visit netinsight.net

Follow us: LinkedIn: linkedin.com/company/net-insight X: twitter.com/NetInsight

This information is information that Net Insight is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact persons set out above, at 2023-11-09 07:30 CET.

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Net Insight Interim Report Q3 2023

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Invitation to presentation of Net Insight's Interim report January – September 2023

Net Insight AB will publish its Interim report January – September 2023, on November 9, 2023 at 7:30 am CET. Following this report, a webcast for the media and the financial community will take place.

CEO Crister Fritzson and CFO Joakim Schedvins will present and comment on the report. If you wish to participate via the webcast please use the link below. Via the webcast you are able to ask written questions. The presentation will be in Swedish, but the presentation slides are in English.

Time for the publication of the Interim report
Thursday November 9 at 07:30 am CET.

Time for webcast
Thursday November 9 at 09:30 am CET.

Web presentation
https://ir.financialhearings.com/net-insight-q3-2023

The presentation and the Interim report will be available on netinsight.net after publication.

Welcome!
Crister Fritzson
CEO

For further information, please contact:
Crister Fritzson, CEO of Net Insight AB, +46 8 685 04 00, crister.fritzson@netinsight.net

About Net Insight

Net Insight (Nasdaq: NETI B) provides the highest performing, most open video transport and media cloud technology for content providers as the industry standard for flexibility and service across live contribution, distribution and remote production media workflows. 

For over 25 years, the world's leading content owners, broadcasters, production companies, service providers and enterprises have trusted Net Insight's Emmy® Award winning Nimbra technology to guarantee media delivery. Today, Net Insight partners with hundreds of customers in over 70 countries to ensure media flows across managed and unmanaged IP networks, and the cloud – from anywhere, to everywhere. It enables customers to get the best from any mix of virtualized, cloud and IP technology and is the only platform to support all the major industry standards, protocols and clouds.

For more information, please visit netinsight.net

Follow us: LinkedIn: linkedin.com/company/net-insight/ X: twitter.com/NetInsight

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Invitation to presentation of Net Insight's Interim report January – September 2023

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Change in Net Insight AB's Nomination Committee for AGM 2024 and date for the AGM

The composition of the Nomination Committee ahead of the company's Annual General Meeting 2024 has changed after a represented shareholder chose to step down from the position. The date for the Annual General Meeting has been set for May 7, 2024.

As a result of a notification from Cobia Capital Funds that Jeffrey Meyers is stepping down prematurely from the Nomination Committee, Peter Sjögren, appointed by Edgar Sesemann, has taken on the role as a new member of the Nomination Committee.

After the change, the Nomination Committee consists of:

• Stina Barchan, appointed by Briban Invest AB
• Jesper Bergström, appointed by Handelsbanken Fonder
• Peter Sjögren, appointed by Edgar Sesemann
• Gunilla Fransson, Chair of the Board

Shareholders who wish to submit proposals to the Nomination Committee can do this by e-mail to valberedningen@netinsight.net or by letter to Nomination Committee, Net Insight AB, Box 1200, SE-171 23 Solna, Sweden, no later than February 1, 2024.

For further information, please contact:
Rickard Dahlgren, General Counsel, Secretary of the Nomination Committee, +46 8 685 04 00, rickard.dahlgren@netinsight.net

Gunilla Fransson, Chair of the Board, Net Insight AB, gunilla.fransson@netinsight.net

Stina Barchan, Chair of the Nomination Committee, stina@briban.se

About Net Insight

Net Insight (Nasdaq: NETI B) provides the highest performing, most open video transport and media cloud technology for content providers as the industry standard for flexibility and service across live contribution, distribution and remote production media workflows. 

For over 25 years, the world's leading content owners, broadcasters, production companies, service providers and enterprises have trusted Net Insight's Emmy® Award winning Nimbra technology to guarantee media delivery. Today, Net Insight partners with hundreds of customers in over 70 countries to ensure media flows across managed and unmanaged IP networks, and the cloud – from anywhere, to everywhere. It enables customers to get the best from any mix of virtualized, cloud and IP technology and is the only platform to support all the major industry standards, protocols and clouds.

For more information, please visit netinsight.net

Follow us: LinkedIn: linkedin.com/company/net-insight/ X: twitter.com/NetInsight

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Change in Net Insight AB's Nomination Committee for AGM 2024 and date for the AGM

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Net Insight's chair Gunilla Fransson declines reelection

Gunilla Fransson declines reelection as board member and Chair of the Board in Net Insight AB. She will remain as chair until the next Annual General Meeting in May 2024.

Gunilla Fransson was elected to the board of Net Insight in 2008 and appointed chair of the board in 2018. As the chair of the board of Net Insight, Gunilla has played a central role in streamlining operations and promoting strategic growth. Under her leadership, the company's operations have been refined through the divestment of the business segments ScheduALL and Sye, and expanded with the development of a product for time synchronization in 5G networks.

The Nomination Committee has initiated a process to search for a successor to the chairmanship, to be proposed at the annual general meeting in 2024.

For further information, please contact:
Crister Fritzson, CEO of Net Insight AB, +46 8 685 04 00, crister.fritzson@netinsight.net

Gunilla Fransson, Chair of the Board, Net Insight AB, +46 8 685 04 00,
gunilla.fransson@netinsight.net

Stina Barchan, Chair of the Nomination Committee, stina@briban.se

About Net Insight

Net Insight (Nasdaq: NETI B) provides the highest performing, most open video transport and media cloud technology for content providers as the industry standard for flexibility and service across live contribution, distribution and remote production media workflows. 

For over 25 years, the world's leading content owners, broadcasters, production companies, service providers and enterprises have trusted Net Insight's Emmy® Award winning Nimbra technology to guarantee media delivery. Today, Net Insight partners with hundreds of customers in over 70 countries to ensure media flows across managed and unmanaged IP networks, and the cloud – from anywhere, to everywhere. It enables customers to get the best from any mix of virtualized, cloud and IP technology and is the only platform to support all the major industry standards, protocols and clouds.

For more information, please visit netinsight.net

Follow us: LinkedIn: linkedin.com/company/net-insight/ X: twitter.com/NetInsight

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Net Insight's chair Gunilla Fransson declines reelection

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