A successful year brought new customers and international growth

CoreHW made significant progress in 2025 in line with its strategy. Both the Design Services (DS) and the Real-Time Location Services business (RTLS) developed according to plan and supported the growth in shareholder value.

For Design Services, 2025 was an excellent year, boosted in particular by a new strategic account in the automotive industry. Customer demand has been good and work has been carried out at high capacity for the past 1.5 years. In 2025, business even exceeded expectations, and the same good pace is predicted for 2026. CoreHW has invested in the development of its own IP blocks, which will also help in the sale of future projects. The microchip industry is booming globally, and CoreHW is a strong player in this wave.

In the RTLS business, 2025 was also a year of many successes. CoreHW’s product was certified for key markets in the United States and Japan. The company invested in software development to provide customers with end-to-end service solutions, which have been in particular demand in the Japanese market. CoreHW’s product solution has been well received and a proof of concept phase is underway in relation to several Japanese customer relationships. The aim is to start commercial installations in Japan in 2026. In the United States, CoreHW technology is already in use in three health care facilities or hospitals.

This was a year of strong strategic progress for us in both business areas.

Faster growth than expected

The general economic uncertainty was reflected in the market by delays in some customers’ decisions, but the impact was minimized thanks to CoreHW’s excellent customer and sales work. Interest in European high-tech expertise is growing.

CoreHW’s projects in Japan progressed faster than expected in 2025 and have surpassed the scale of its operations in the United States. The RTLS business is still in the investment phase, which has meant that the allocation and focus of resources has had to be prioritized and phased. Customers are implementing their own solutions on top of CoreHW technology, which can take time and make the schedule of the transition to the commercial phase somewhat unpredictable.

Sustainability across the board as part of business operations

Panostaja has consistently been a strategic support and sparring partner for CoreHW in the midst of a busy year. In particular, Panostaja has provided valuable insights to the company’s development work. The preparation of sustainability reporting with Panostaja has, in turn, helped to link sustainability to CoreHW’s business development. Panostaja has brought a clear structure to the reporting and helped to identify what is relevant.

When it comes to sustainability, CoreHW is investing in the areas of employee skills, transparent leadership, sustainable and energy-efficient technology, good governance and employee well-being. As such, the job satisfaction and engagement levels are exceptionally high, with the average eNPS score for the previous 18 months being 67 at the end of 2025, which is considered an excellent result.

The year 2026 looks positive for CoreHW in the big picture and is a significant step in the company’s development story. The new customer base in the design services business brings visibility and stable demand, which is reflected in new projects. In the RTLS business, the aim is to expand from piloting toward commercial deliveries, especially in Japan. Higher customer orders and the resulting commercial impact are targeted for the second half of the year.

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