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Regulatory press release

AIX: Ayfie to provide Vanylven municipality with AI solution for 450 employees

Ayfie International
Vanylven, a municipality in the Norwegian Sunnmøre region in Møre og Romsdal,
has signed a contract with Ayfie and strategic partner Crayon to provide
efficient and secure AI solutions to 450 employees. The contract has a value of
NOK 100,000 for the initial six-month period, corresponding to an annualised
recurring revenue (ARR) of NOK 200,000 pending renewal.

Vanylven municipality will get access to Ayfie Business Agent integrated with
their existing Visma Enterprise solution. Employees will be able to use a number
of large language models (LLMs), such as Chat GPT, Claude and Mistral, to
analyse, search and leverage internal information without compromising security.

The contract has a duration of six months with the possibility of extension.
Vanylven is one of the first municipalities in Norway to provide AI capabilities
to their employees, but Ayfie experiences increased interest from municipalities
across Norway.

"Vanylven municipality's decision to increase efficiency and improve services
for its residents through the use of AI is both innovative and responsible. In
my view, Vanylven is a role model both for its neighbouring municipalities and
for municipalities across Norway", said Herman Sjøberg, CEO of Ayfie
International.

Ayfie is based on RAG, a Retrieval-Augmented Generation model. This is a
technique in AI that combines two components: A Retriever that searches a large
collection of documents, databases, or knowledge bases and a Generator in the
form of a Large Language Model that uses both the query and the retrieved
documents to generate a more accurate, grounded, and up-to-date response. Ayfies
RAG model provides an organisation with the power of LLMs to process internal
information without compromising information security, confidentiality and GDPR
requirements.

For further information, please contact:

Herman Sjøberg, CEO, Ayfie, Tel: +47 92 66 22 33, E-mail:
herman.sjoberg@ayfie.com

About Ayfie
Ayfie is a leading software provider specializing in data search, RAG and
generative AI. With over 15 years of experience, we have honed our expertise in
transforming unstructured data into valuable insights that benefit both large
enterprises, medium-sized businesses, and individuals.
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