Tekna Holding ASA

Capital/Financing Update • Nov 28, 2023

Tekna Holding ASA: Tekna Secures Extended CAD 20M Agreement with Government Fund

Tekna Holding ASA: Tekna Secures Extended CAD 20M Agreement with Government Fund

28.11.2023 09:00:01 CET | Tekna Holding ASA | Non-regulatory press releases

(Arendal, NORWAY / Sherbrooke QC, CANADA) Tekna Holding ASA (Tekna, OSE: TEKNA),

a world-leading provider of advanced material solutions to industry, today

announces an amendment to the contribution agreement with the Canadian Federal

Government Strategic Innovation Fund (SIF) program initially announced on June

28th, 2018.

"This amendment is a significant milestone, confirming Tekna's position as an

industry leader. The extended support and enhanced financial framework under the

SIF program are instrumental in driving forward our strategic initiatives. We

are committed to leveraging this opportunity to further our technological

advancements and market leadership," says Luc Dionne, CEO of Tekna Holding ASA.

Tekna Holding ASA's contribution agreement with the Canadian Federal

Government's Strategic Innovation Fund, initially announced on June 28, 2018,

has now been amended and extended to March 31, 2027. Under the terms of this

amendment, the maximum amount to be disbursed by the Canadian Federal Government

remains unchanged at CAD 20 million. To date, CAD 6.6 million has been

disbursed.

The SIF program aims to stimulate high-quality business investments across

various sectors. It supports R&D initiatives that enhance technology transfer,

commercialization of innovative products, services, and processes, and

encourages the growth of innovative firms.

"The SIF's contribution has been pivotal in our growth journey. The amended

terms not only provide us with additional financial flexibility but also affirm

the value of our ongoing projects. We are grateful for the support of

Innovation, Science, and Economic Development Canada (ISED) throughout the

amendment process. This collaboration is a testament to our commitment to

innovation and sustainable development in the advanced materials sector," says

Espen Schie, CFO of Tekna Holding ASA.

DISCLOSURE REGULATION

This information is subject to the disclosure requirements pursuant to Section

5-12 of the Norwegian Securities Trading Act.

CONTACTS

* Arina Van Oost, Investor Relations | VP Corporate Strategic Development &

Innovation, Tekna Holding ASA, +14388856330, +33670115190,

investors@tekna.com

ABOUT TEKNA HOLDING ASA

Tekna is a world-leading provider of advanced materials to industry,

headquartered in Sherbrooke, Canada.

Tekna produces high-purity metal powders for applications such as 3D printing in

the aerospace, medical and automotive sectors, as well as optimized induction

plasma systems for industrial research and production. With its unique,

IP-protected plasma technology, the company is well positioned in the growing

market for advanced nanomaterials within the electronics and batteries

industries.

Building on 30 years of delivering excellence, Tekna is a global player

recognized for its quality products and its commitment to its large base of

multinational blue-chip customers. Tekna's powder products increase productivity

and enable more efficient use of materials, thereby paving the way towards a

more resilient supply chain and circular economy.

https://www.tekna.com

ATTACHMENTS

Download announcement as PDF.pdf -

https://kommunikasjon.ntb.no/ir-files/17847682/2763/3882/Download%20announcement

%20as%20PDF.pdf