Smarteq starts Development of Next-Generation Multifunction Antenna for the Bus Industry.

Smarteq has received a grant of SEK 500,000 for a pilot study of a next
-generation multifunction antenna for the bus industry. The world market for
buses is steadily growing and has passed 500,000 newly-produced buses globally,
with China as the biggest market. In addition to the large volume of buses, the
demand for reliable antennas for wireless transfer of data to and from buses is
driven by onboard Internet, fleet management services, radio, TV.etc. In
addition to buses, Smarteq also sees demand for the same platform for medium
trucks.

The market also includes an aftermarket where older buses are continuously
upgraded. Smarteq has been working for decades with antennas for trucks and
buses.

”We appreciate the grant from the Swedish Governmental Agency for Innovation
Systems and see a great potential for this project. The passengers need for
wireless connection in combination with future development of communications
between vehicles and infrastructure, enhances the need of reliable antennas
which is what this project is all about,” says Johan Hårdén, CEO of Smarteq.

For more information, contact:

Johan Hårdén, CEO
Tel.: 0733 859 219
E-mail: johan.harden@smarteq.com

Smarteq's business idea is to sell and develop antenna systems for improved
access, efficiency and security in a wireless world. The priority market
segments are Automotive, M2M and Consumer. The business is focused on selling
and developing antenna products for OEM and the aftermarket. Smarteq has its own
resources for product development, sourcing and sales. Production is mainly
outsourced to external partners in Europe and Asia. Smarteq has a total of 15
employees in Sweden and China. Marketing is effected via established sales
channels globally. Smarteq's class B stock is traded on First North with Remium
Nordic as Certified Adviser.

For more information, please visit: www.smarteq.com
Johan Hårdén, VD
Tel: 0733 859 219
E-post: johan.harden@smarteq.com