UMT AG signs contract with Vartan Consultancy for the use of “UMTVision AI”

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Munich, 21 November 2024 - UMT United Mobility Technology AG announces the signing of a contract with Vartan Consultancy in Suffolk, United Kingdom. As part of this partnership, Vartan Consultancy will use the AI product "UMTVision AI" to significantly optimise customs clearance processes and save costs. In addition, UMT will benefit from the fact that Vartan will also distribute and integrate the solution to its customers. The product is ideal for supporting automated data processing and, above all, for finding discrepancies in logistical and other complex documents.

With "UMTVision AI", Vartan and its customers can signicantly save time and cost.

As a specialised consultancy, Vartan Consultancy offers comprehensive services in the areas of customs clearance, foreign trade compliance and supply chain management. Complex customs regulations and compliance with international trade laws must be ensured. This requires laborious comparisons of sometimes very complex documents, which are now handled by AI.

"UMTVision AI" was developed to automate the processing of complex and voluminous documents - a common challenge in industries such as insurance, compliance, logistics, engineering, retail and other sectors where documentation is an essential part of daily work.

"With 'UMTVision AI', we are pleased to have developed a flexibly integrable solution that can bring measurable improvements to companies with extensive documentation," says Erik Nagel, CEO of UMT United Mobility Technology AG. "Our solution stands out from the competition because it operates like an 'AI clerk' in many different areas and industries. Having Vartan Consultancy as our customer shows the practical value of our solution. We are very optimistic about the future here because we are already attracting a lot of interest internationally with this new product shortly after its market launch and the sales pipeline is filling up."

The launch of "UMTVision AI" reflects UMT United Mobility Technology AG's commitment to offering practical digital solutions in the sense of "applied AI" that meet real business requirements.

About UMT AG:

As an innovative company, UMT United Mobility Technology AG primarily stands for the integration of customised solutions in the field of digitalisation and automation of business processes. With its self-developed payment gateway, intelligent solutions for document processing and blockchain solutions in the area of supply chains, UMT AG is successful in rapidly growing segments that are in high demand. The focus here is on consulting and the creation of digital and scalable solutions that are strictly customer-oriented, especially for SMEs and larger companies. In addition to organic growth, UMT AG strives to acquire both customers and technologies through targeted acquisitions of companies. The IT and consulting expertise built up over a decade forms the basis for value-creating investments in companies that contribute to the digital transformation of SMEs.

The UMT United Mobility Technology AG share (WKN: A2YN70, ISIN: DE000A2YN702) is traded on the Frankfurt Stock Exchange and is listed on the Basic Board of Deutsche Börse AG.