Frequentis AG: Further project acceptances thanks to digitalisation

Project acceptances & digitalisation

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Vienna (pta011/24.04.2020/08:55 UTC+2) * Despite COVID-19, projects are continued and implemented
* Critical infrastructure services are in demand during the crisis
* Project acceptances also work digitally
* Frequentis is well positioned in view of the current coronavirus pandemic

Frequentis is working successfully on projects despite the tense situation surrounding the coronavirus. "The stability of our business model is particularly evident in the current challenges. Despite access restrictions and travel difficulties, we can process many milestones of our projects digitally. In addition, Frequentis is well positioned with on-site teams, for example in the US, Australia, China, Great Britain, and Germany," says Frequentis CEO Norbert Haslacher. Haslacher also remains confident in view of the difficult economic situation: "We supply official operators of critical infrastructures and our services are very important for unrestricted operation, especially in these times."

Together with customers, Frequentis project teams have succeeded in finding new possibilities and ways to carry out installations and project acceptance. Factory acceptance tests, on-site installations, tests, and training have been carried out on a virtual basis or in the form of specially staffed teams of two (one person on site at the customer locations, and one in the Frequentis office).

A major success was recently achieved with the German Federal Armed Forces. The acceptance of an education, testing, and training system, which also serves the German Armed Forces as an emergency element for airspace surveillance, was completed at the Erndtebrück site.

In the Public Transport segment, major milestones were also achieved in railway projects in Central and Eastern Europe. Successful acceptance tests were also carried out in the area of public safety.

About FREQUENTIS

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 www.frequentis.com

Brigitte Gschiegl, Director Corporate Communications, Frequentis AG,
brigitte.gschiegl@frequentis.com, +43 1 81150-1301

Stefan Marin, Head of Investor Relations, Frequentis AG,
stefan.marin@frequentis.com, +43 1 81150-1074

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Emitter:	Frequentis AG Innovationsstraße 1 1100 Wien Austria
Contact Person:	Stefan Marin
Phone:	+431811501074
E-Mail:	stefan.marin@frequentis.com
Website:	www.frequentis.com
ISIN(s):	ATFREQUENT09 (Share)
Stock Exchange(s):	Vienna Stock Exchange (Official Trade)
Other Stock Exchanges:	Regulierter Markt in Frankfurt