Bercman Technologies AS second quarter of 2022 turnover was 499 075 euros
The consolidated revenue of Bercman Technologies AS (hereinafter “Bercman”) for the second quarter of 2022 was 499 075 euros. As of this year, the consolidated sales results also include the turnover of the Bercman Group's subsidiary Krakul OÜ (hereinafter “Krakul”).
In the second quarter, Bercman Smart Pedestrian Crosswalks were installed in Kuressaare, Saaremaa, and the municipality of Saue to improve road safety. In addition to the existing ones, a smart crosswalk and the first traffic light intersection with additional smart safety system functionality were installed in Viimsi. In external markets, Bercman participated in smart mobility infrastructure procurements in Greece, the UK and Croatia. The crosswalks that were the subjects of the procurements will be installed in the second half of the year.
The installation of smart crosswalks in Narva-Jõesuu was postponed from the second quarter to the third quarter, depending on the client. An additional pedestrian crossing will be installed in Haapsalu in the third quarter and a smart crosswalk will be installed in Elva to improve road safety. The smart safety systems are scheduled to be delivered to the UK and Greece in the third quarter.
The development project "SmartWalk", funded by the German Ministry of Transport and Infrastructure, has reached the stage where the installation of a smart crosswalk for the development and testing of intelligent traffic infrastructure on the Lammi road in Tartu has started. The test project, in which Bercman is a partner, is scheduled to be completed in the second half of 2022.
Bercman's team attended the OECD International Transport Forum in Leipzig and the ITS Europe Congress in Toulouse in the second quarter. Also participated in a visit by the Prime Minister of the Republic of Estonia to Gothenburg, Sweden. The business visit aimed to create links between Estonian and Swedish businesses and promote cooperation in sustainable development and green transition.
Mart Suurkask, chairman of the board of Bercman Technologies AS: “Despite the volatile global economy and geopolitical instability in Europe, Bercman continued to meet the targets set at the beginning of the year. We expanded our smart safety systems into new municipalities in Estonia and successfully prepared for new markets in Europe in the second half of the year. An important milestone is the acceptance of Bercman as an associated partner in the Swedish innovation programme Drive Sweden. Drive Sweden includes around 150 organisations from different sectors working together to test and implement efficient, connected and automated transport solutions.”
Krakul, an IoT and autonomous systems design company and part of the Bercman Group, signed a partnership agreement with u-blox, the world's leading provider of positioning and wireless communications technologies and services in the second quarter. As part of the partnership agreement, u-blox will refer customers who need specific solutions to Krakul.
Krakul exported IoT and autonomous systems solutions to the USA, Finland, Latvia, Singapour and Switzerland in the second quarter. In order to accelerate growth in international markets, Krakul's team participated in the global Internet of Things solutions fair "IoT Solutions World Congress Barcelona", where Krakul's IoT solutions were presented together with its partner Richardson RFPD.
Jaan Hendrik Murumets, CEO of Krakul and CTO and member of the board of Bercman: “Our focus is on existing long-term client projects. In addition, the aim is to find new customers in foreign markets. This is why I consider the cooperation agreement with u-blox, a major international company whose solutions can be found in sports watches, cars, etc. and whose solutions are used by global corporations as well as start-ups, a great success and recognition for our team.”
Bercman is a deep-tech company founded in 2016, that develops and sells road safety products and provides hardware and software development services. Bercman's mission is to eliminate road fatalities and its vision is to become an internationally leading partner in the market for smart city solutions. The Bercman Group includes the development company of the Internet of Things and autonomous systems Krakul OÜ.
Mart Suurkask, Chairman of the Board
AS Bercman Technologies
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