Leuven, Belgium – 29 May 2026 – 7:30 AM CET, Option NV, Geldenaaksebaan 329, 3001 Heverlee (Euronext Brussels: OPTI)
In the run-up to the Annual General Meeting on 29 May 2026, Option NV hereby provides further information regarding the development of its business in 2026.
The group’s announced strategy to focus more strongly on its core activities, namely IoT gateways, is already bearing fruit. In the first five months of 2026, turnover from CloudGate gateways doubled compared to the same period last year. This was based solely on sales of the ‘existing’ product range. The updated, higher-performance and even more secure CloudGate NXS family will not be launched until the second half of the year, via a marketing event on 11 and 12 June 2026, which will be attended by both existing and new potential customers. There is considerable interest in the new platform.
In the US, GetWireless is looking to significantly expand its distribution agreement with Option, whilst Option intends to increase its investment in sales given the potential of the new CloudGate, which is now equipped with 5G.
One of GetWireless’s major clients is Verizon Wireless, one of the leading telecommunications companies in the US and already a customer for traditional CloudGate gateways, however, large volumes have not yet materialised because the US has primarily become a 5G market. The new CloudGate NXS family offers 5G connectivity and will also be manufactured in the US. An initial production order for 10,000 units, representing a turnover of approximately USD 5m, is being finalised. Key shareholders of Option NV have committed to financing this growth and the associated working capital requirements. Thanks to the updated CloudGate platform, Option aims to confirm its growth forecast of a doubling of turnover.
Furthermore, the Option Group continues to look with keen interest towards growth projects in EMS (energy management systems, in which the new CloudGate platform will serve as the central hub for accessing and managing data) and defence (radio communication via CloudGate NXS).
Finally, the group remains committed to further reducing the administrative, historical and central costs associated with being a listed company, which are still far too high.
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CONTACT
Erwin Laureys
Geldenaaksebaan 329
B-3001 Leuven, Belgium
TEL: +32 (0) 16 31 74 11
E-mail: investor@option.com
www.option.com