UMT United Mobility Technology AG has invited shareholders to an extraordinary general meeting on 21 October 2026 in Munich to approve a change of the company's name to WAYDEAR AG. The sole agenda item is the amendment to the Articles of Association, with the notice to be published in the Federal Gazette on 14 September 2026 and documents available from that date in the Investor Relations section at www.umt.ag. The rebranding signifies that the company's transformation from a mobility technology firm to a provider of agent-based AI solutions is now complete, both operationally and in its corporate identity.
The previous name, United Mobility Technology, no longer reflects the company's current activities. UMT AG now develops and markets agent-based AI solutions, often called Agentic AI, that automate document-intensive and regulation-driven business processes for small and medium-sized enterprises. This reorientation has been fully implemented, with two product lines 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. Additional customers have been added since then.
The financial 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, and 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 management's confidence in the scalability of its AI-driven business model.
CEO 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 new name combines 'Way' – path, process, direction – with 'dear' in the sense of valuable, reflecting the company's focus on automating business-critical processes for its customers.
For shareholders, the change brings no practical disruption. The ISIN (DE000A40ZVU2) and WKN (A40ZVU) remain unchanged, and the shares will trade under the new name following registration in the Commercial Register. A new stock exchange ticker symbol will be applied for after registration and announced separately. Shareholders do not need to take any action. The rebranding is expected to make it easier for customers, partners, and investors to understand the company's business model, potentially enhancing its market visibility and attractiveness as it scales its Agentic AI offerings.
