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 Management Board and Supervisory Board proposing the change. 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 rebranding underscores the company's complete reorientation from its previous mobility technology business model to a provider of agent-based AI solutions, known as Agentic AI. These solutions automate document-intensive and regulation-driven business processes for small and medium-sized enterprises. The company now markets two product lines: the Catchflow Agent for EU import processes (CATCH/TRACES) and UMS Vision AI for transport and logistics companies. In June, UMT 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.
Erik Nagel, CEO of UMT AG, stated, “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.”
Financially, the company's guidance published in August remains unchanged: break-even on a monthly EBITDA basis by the end of 2026 and revenue of between 1.2 and 1.5 million euros in the 2027 financial year, with a revenue margin of 60 to 70 percent. 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.
For shareholders, the name change will take effect upon entry in the Commercial Register. The ISIN (DE000A40ZVU2) and WKN (A40ZVU) will remain unchanged, and the shares will continue to 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 WAYDEAR combines “Way” – path, process, direction – with “dear” in the sense of valuable, reflecting the company's focus on automating business-critical processes. This rebranding is intended to make it easier for customers, partners, and investors to understand the company's business model, potentially enhancing its market positioning and investor appeal as it scales its AI-driven solutions.
