Tekna Holding ASA

Regulatory Filings • Dec 22, 2021

Tekna signs five-year lease agreement for printed electronics pilot production facility in Canada

Tekna signs five-year lease agreement for printed electronics pilot production facility in Canada

22.12.2021 14:00:01 CET | Tekna Holding AS | Non-regulatory press releases

ARENDAL, NO / SHERBROOKE, QC. 21 December 2021 - Tekna (OSE: TEKNA), the

world-leading provider of advanced materials to industry, has signed a five-year

lease agreement for setting-up an industrial-pilot production facility for its

Printed Electronics segment in Sherbrooke, Canada.

The lease agreement comes with a renewal option of five years and the option to

acquire the entire building during the first five-year period. The facility

provides Tekna with alternatives to scale-up capacity to 60 tons of powder

annually. The plant is part of Tekna's 10-year business plan launched earlier

this year to develop and accelerate growth in all three of its powder business

segments: Additive Manufacturing, Printed Electronics and Energy Storage.

The facility will contain state-of-the-art equipment designed to produce Nickel

powders dedicated to the manufacturing of high-end Multi-Layer-Ceramic

Capacitors (MLCC).

"The demand for high-end MLCC has accelerated due to the increasing number of

electronic devices installed in electric cars, autonomous vehicles, consumer

electronics, IoT and 5G telecommunications," said Tekna CEO Luc Dionne. "The

MLCC industry is characterized by a limited number of manufacturers and very few

qualified material suppliers. With our unique, IP-protected plasma technology

and decades-long track-record of delivering excellence to our customers, Tekna

is well positioned in this growing market and we're on track to secure our first

commercial customer in the Printed Electronics segment in 2022."

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, +1 438 885 6330, Investors@tekna.com

ABOUT TEKNA HOLDING AS

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.

www.tekna.com - http://www.tekna.com

ATTACHMENTS

Download announcement as PDF.pdf -

https://kommunikasjon.ntb.no/ir-files/17847682/919/1457/Download%20announcement%

20as%20PDF.pdf