UMT United Mobility Technology AG has announced that it will ask shareholders to approve a change of the company's name to WAYDEAR AG at an extraordinary general meeting scheduled for 21 October 2026 in Munich. The notice convening the meeting will be published in the Federal Gazette on 14 September 2026, and the documents will be available from that date in the Investor Relations section at www.umt.ag. The sole agenda item is the amendment to the Articles of Association to effect the name change. This move is significant because it formally completes the company's reorientation from a mobile technology business to a provider of agent-based AI solutions, a transformation that has already been implemented operationally.
The previous name, United Mobility Technology, dates back to an earlier business model and no longer reflects the company's current activities. UMT AG now develops and markets agent-based AI solutions, known as Agentic AI, that automate document-intensive and regulation-driven business processes for small and medium-sized enterprises. Two product lines are already on the market: the Catchflow Agent for EU import processes (CATCH/TRACES) and UMS Vision AI for transport and logistics companies. In June, the company secured NORDFROST, the German market leader in frozen food logistics, as a reference customer for CATCH automation, as well as EYE Logistics, another SME freight forwarding client, for UMS Vision AI. Further customers have been added since then.
The guidance published in August remains unchanged: break-even in 2026, revenue of between 1.2 and 1.5 million euros in the 2027 financial year with a revenue margin of 60 to 70 per cent. The revenue margin refers to the gross profit margin, calculated as revenue less variable sales commissions and other directly attributable service costs, expressed as a proportion of revenue. The break-even point refers to EBITDA on a monthly basis at the end of 2026. These targets underscore the company's confidence in its new business model and its ability to scale.
Chief Executive Officer Erik Nagel commented, "The reorganisation of UMT AG is complete. The products are on the market, we have secured our first reference customers, and the sales organisation is in place. The company name was the last element that still dated from a different era. With WAYDEAR, we will henceforth operate under a name that says exactly what we do." The rebranding is intended to make it easier for customers, partners and investors to understand the company. WAYDEAR combines 'Way' - path, process, direction - with 'dear' in the sense of valuable, reflecting the company's focus on automating business-critical processes.
For shareholders, the change of company name will take effect upon entry in the Commercial Register. The ISIN (DE000A40ZVU2) and WKN (A40ZVU) remain unchanged, and the shares will be traded under the new name following registration. A new stock exchange ticker symbol will be applied for after registration and announced separately. Shareholders do not need to take any action. The name change is a key milestone that aligns the company's brand with its strategic direction, potentially enhancing its visibility and attractiveness in the AI solutions market. As the company continues to add customers and work towards its financial targets, the new identity as WAYDEAR AG could support its growth trajectory and market positioning.
