UMT United Mobility Technology AG has called an extraordinary general meeting for 21 October 2026 in Munich, where shareholders will vote on changing the company’s name to “WAYDEAR AG.” The Management Board and Supervisory Board are proposing the corresponding amendment to the Articles of Association. The notice convening the meeting will be published in the Federal Gazette on 14 September 2026, and the related documents will be available from that date in the Investor Relations section at www.umt.ag.
The name change is more than a cosmetic update. It formalizes a strategic reorientation 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, often called Agentic AI, that automate document-intensive and regulation-driven business processes in 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.
The operational progress is notable. 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. These wins matter because they validate the commercial appeal of Agentic AI in sectors where regulatory compliance and document handling are critical. For small and medium-sized enterprises, such automation can reduce manual effort and improve accuracy, which is a competitive advantage. 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, and a revenue margin of 60 to 70 per cent. The revenue margin refers to the gross profit margin: 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.
“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,” says Erik Nagel, CEO of UMT AG. 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: the company automates the processes that are business-critical for its customers.
For shareholders, the change is largely administrative. 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 extraordinary general meeting is the final step in a transformation that positions UMT AG, soon to be WAYDEAR AG, as a focused provider of Agentic AI solutions. The name change is important because it aligns the company’s public identity with its actual business, potentially improving market recognition and investor clarity as it targets break-even and revenue growth.
