UMag Solutions ApS

Description of key activities of the companyThe Company develops, manufactures, and commercialises advanced magnetic sensing solutions and related software for detection and subsurface mapping applications. Activities during the year have primarily focused on product development, testing and validation, commercial outreach, and preparation for market deployment. Uncertainties connected with recognition or measurementThe recognition and measurement of capitalised development costs involve management estimates regarding technical feasibility, future commercial viability, and the expected useful lives of the assets. In addition, valuation of receivables and assessment of potential impairment of intangible assets require judgment regarding future cash flows and market conditions. Management considers the applied assumptions to be reasonable based on available information at the reporting date.