Vienna (pta006/11.08.2020/07:29) - * Nemergent Solutions focuses on LTE and Mission Critical Services (3GPP) for the use in safety-critical environments
* Strategic extension of competence in broadband communications for control centres through a 15% stake
* Binding investment agreement signed on 7 August 2020
Nemergent Solutions S.L. is a young Spanish company headquartered in Bilbao, which is active in the field of "Mission Critical Services" (3GPP), such as MCPTT (Mission Critical Push-To-Talk) via LTE. Current cooperation projects are in the field of Public Transport and Public Safety, where Nemergent Solutions is contributing with software for application services and end devices, i.e. mobile terminals for emergency services.
"We have already enjoyed an excellent working relationship with Nemergent Solutions. We are pleased that we can now strategically expand and deepen this cooperation in the form of an investment," says Frequentis CEO Norbert Haslacher. "The LTE mobile communications standard brings new opportunities in safety-critical broadband communication; with our bundled software and technology competence we will further expand our market position".
Nemergent Solutions is also a partner in Frequentis' LTE activities in New Business Development, such as the EU innovation project BroadWay, which is working on a Europe-wide networked broadband communication in the public safety sector.
"Frequentis' involvement supports the strategic cooperation and promotes the further development and growth of Nemergent," explains Managing Director Jose Oscar Fajardo. "Together we will achieve further growth."
Founded in 2017, the company consists of a team of about 30 highly qualified employees with a strong R&D expertise. The Frequentis investment is made through the wholly owned subsidiary BlueCall GmbH. The transaction is carried out through a capital increase at Nemergent, for which a binding investment agreement was signed on 7 August in the first step.
For ongoing coordination, the Frequentis Group is sending a representative to the Nemergent Solutions Board of Directors.
About Nemergent Solutions
Nemergent Solutions SL is a pioneering company in the field of 3GPP-based mission critical services, being involved in the series of ETSI MCX Plugtest events since the initial one. The agile development team of Nemergent Solutions SL has extensive experience in the field of Internet technologies. Nemergent Solutions has thus built up significant expertise in the development and prototyping of novel solutions for public safety and public transport via mobile broadband technologies.
Detailed information about Nemergent Solutions can be found on their website https://nemergent-solutions.com
Jose Oscar Fajardo Portillo, CEO Nemergent Solutions SL
Frequentis, headquartered in Vienna, is an international supplier of communication and information systems for control centres with safety-critical tasks. Such 'control centre solutions' are developed and marketed by Frequentis in the business sectors Air Traffic Management (civil and military air traffic control, air defence) and Public Safety & Transport (police, fire brigade, ambulance services, shipping, railways). As a global player, Frequentis operates a worldwide network of branches, subsidiaries and local representatives in more than 50 countries.
Products and solutions from Frequentis can be found in over 30,000 operator working positions and in approximately 140 countries. Founded in 1947, Frequentis considers itself to be the global market leader in voice communication systems for air traffic control with a market share of around 30%. In addition, the Frequentis Group's AIM (aeronautical information management) and AMHS (aeronautical message handling) systems, as well as GSM-R systems for Public Transport are industry leading global solutions.
The shares of Frequentis AG are traded on the Vienna and Frankfurt Stock Exchange under the ticker symbol FQT (ISIN: ATFREQUENT09). In 2019, the Frequentis Group had about 1,850 employees worldwide and generated revenues of EUR 303.6 million and EBIT of EUR 17.2 million.
For more information, please visit https://www.frequentis.com
Brigitte Gschiegl, Director Corporate Communications, Frequentis AG,
email@example.com, +43 1 81150-1301
Stefan Marin, Head of Investor Relations, Frequentis AG,
firstname.lastname@example.org, +43 1 81150-1074
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