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 corresponding amendment to the Articles of Association, which the Management Board and Supervisory Board will propose. The notice convening the meeting will be published in the Federal Gazette on 14 September 2026, and the AGM documents will be available from that date in the Investor Relations section at www.umt.ag. The name change will take effect upon entry in the Commercial Register. The ISIN (DE000A40ZVU2) and WKN (A40ZVU) remain unchanged, and shareholders do not need to take any action.
The rebranding is the final step in a strategic reorientation that has already been implemented operationally. UMT AG now develops and markets agent-based AI solutions (Agentic AI) that automate document-intensive and regulation-driven business processes in small and medium-sized enterprises. Two product lines are 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. Further customers have been added since then.
The previous name, “United Mobility Technology”, dates back to an earlier business model and no longer reflects the company’s current activities. 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. “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 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 with 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.
For investors, the name change is largely symbolic in terms of securities identifiers, but it underscores a completed pivot from a legacy mobility technology business to a focused AI automation provider. A name that reflects the business model makes it easier for customers, partners and investors to understand the company. The shares will be traded under the new name following registration, and a new stock exchange ticker symbol will be applied for after registration and announced separately. The company’s shares are currently listed on the Open Market (Basic Board) of the Frankfurt Stock Exchange under ticker UMD. The rebranding is intended to align the company’s public identity with its Agentic AI operations, which could enhance visibility among potential clients and investors in the growing AI automation space.
