Copyright © Inderes 2011 - present. All rights reserved.
  • Latest
  • Markets
    • Morning Review
    • Stock Comparison
    • Financial Calendar
    • Dividends Calendar
    • Research
    • Articles
    • Insider Transactions
  • inderesTV
  • Portfolio
  • Forum
  • Premium
  • Femme
  • Nora AI
  • Learn
    • Investing School
    • Q&A
    • Analysis School
  • About Us
    • Our Coverage
    • Team
Press release

Maven Wireless Secures SEK 200 Million Agreement with Hitachi for train repeaters

Maven Wireless Sweden

Maven Wireless is pleased to announce the signing of a framework agreement with Hitachi Rail Limited and its UK-based train manufacturing facility to supply radio coverage equipment and related software for trains. The agreement, valued at approximately SEK 200 million, covers planned deliveries for HS2 (High Speed 2) train projects in the UK. The initial contract term is set for 10 years.

"I am delighted to see Maven Wireless further solidifying its position within the train industry, particularly with direct engagements with train manufacturers. By being included as a preferred supplier for trains from the factory floor, we are strategically positioned to drive continued growth in this sector," said Fredrik Ekström, CEO of Maven Wireless. "We are excited to introduce our next-generation train repeater, the TOR G2, to Hitachi, which uniquely supports six different frequency bands—setting us apart in the market."

Maven Wireless´ advanced train repeaters will be integrated into trains to be delivered as part of the UK’s ambitious HS2 project. HS2 aims to revolutionize rail travel by connecting key cities with fast, efficient services, starting with the London to Birmingham phase in 2027. Phase 2 will extend the network to Manchester and Leeds.

This agreement marks a significant step forward in Maven Wireless´s strategic expansion into the high-speed rail sector, reinforcing our commitment to delivering innovative solutions that enhance communication infrastructure for the next generation of trains.

For more information, please contact:


Fredrik Ekström, CEO
+46-8-760 43 00
www.mavenwireless.com

About Maven Wireless


Maven Wireless provides groundbreaking solutions in wireless coverage all over the world.
We offer end-to-end digital solutions with outstanding performance. Our products contribute to public safety by ensuring wireless coverage for critical services, and are used in tunnels, on trains, metros, stadiums, buildings and more. We are passionate about making society and our customers’ and end users lives better, easier and safer by securing 100% wireless coverage. Maven Wireless is listed on Nasdaq First North Growth Market with the shortname MAVEN. FNCA Sweden AB is appointed as Certified Adviser.
For additional information, please visit: www.mavenwireless.com

Attachments


Maven Wireless Secures SEK 200 Million Agreement with Hitachi for train repeaters

Find us on social media
  • Inderes Forum
  • Youtube
  • Facebook
  • Instagram
  • X (Twitter)
  • Tiktok
  • Linkedin
Get in touch
  • info@inderes.fi
  • +358 10 219 4690
  • Porkkalankatu 5
    00180 Helsinki
Inderes
  • About us
  • Our team
  • Careers
  • Inderes as an investment
  • Services for listed companies
Our platform
  • FAQ
  • Terms of service
  • Privacy policy
  • Disclaimer
Inderes’ Disclaimer can be found here. Detailed information about each share actively monitored by Inderes is available on the company-specific pages on Inderes’ website. © Inderes Oyj. All rights reserved.