Arribatec Group ASA — M&A Activity 2018

Jun 28, 2018

HIDDN: Enters into agreement to expand distribution capabilities, targeting the growing business and service market in Europe

HIDDN: Enters into agreement to expand distribution capabilities, targeting the growing business and service market in Europe

(Oslo, 28 June 2018) Hiddn Solutions ASA (HIDDN) has entered into an agreement

with ALSO Holding AG (ALSO) for the distribution of Hiddn's products and

services to major markets in Europe. Through ALSO's configuration centre in

Copenhagen, the agreement will also open for integration and distribution of

Hiddn's SafeDisk in PC's, notebooks and tablets, from all major brands.

"We are pleased to receive another confirmation of the demand for Hiddn's GDPR

compliant secure data storage solutions in Europe. The agreement with ALSO is

important to Hiddn, as it will noticeably increase our distribution capabilities

- not only for our existing SafeDisk and KryptoDisk products, but also for a new

range of products and services that will become available in the second half of

2018", says Carl Espen Wollebekk, CEO of Hiddn Solutions.

ALSO is one of Europe's largest distributors of ICT products and services and

has an annual revenue of approximately EUR 12 billion, and is present in 15

countries in Europe. Hiddn will gain access to ALSO's distribution channels and

ALSO's configuration centre outside of Copenhagen in Denmark , which will open

up for integrating Hiddn's encrypted hard drives, SafeDisk, in PC's, notebooks

and tablets - making Hiddn's proprietary technology available on major brands,

distributed to European markets.

"Product sales from Hiddn will be followed by services like remote management,

back-up to cloud and software protecting our disk solutions. This has the

potential to diversify Hiddn's revenue stream to also include recurring service

and licensing fees, in addition to the sales of secure hardware storage

solutions", Wollebekk continues.

Hiddn has a long history of developing, manufacturing and selling secure data

storage solutions based on unique and patented IP for safe key handling and

authentication. New distribution agreements enable Hiddn to better market these

solutions, and to reach high-end business customers and organisations that

demand easy-to-use, easy-to-manage secure storage solutions with need of the

market leading technology.

"Hiddn has recently introduced new products and services and expanding our

platform of distribution channels, is important to gain market acccess for our

existing and upcoming products. We therefore look forward to collaborating with

ALSO going forward", Wollebekk concludes.

For further information, please contact:

Carl Espen Wollebekk (CEO of Hiddn), telephone: + 47 930 55 505 /e-mail:

cew@hiddn.no

About Also

ALSO Holding AG (Emmen/Switzerland) (ALSN.SW) brings providers and buyers of the

ICT industry together. The company offers services at all levels of the ICT

value chain from a single source. In the European B2B marketplace, ALSO bundles

logistics services, financial services, supply services, solution services,

digital services, and IT services together into individual service packages.

ALSO's portfolio contains more than 250 000 articles from some 525 vendors. The

Group has 4 058 employees throughout Europe. In fiscal year 2017 (closing on

December 31), the company generated net sales of 8.9 billion euros. The majority

shareholder of ALSO Holding AG is the Droege Group, Düsseldorf, Germany. Further

information is available at www.also.com

About Hiddn Solutions ASA

Hiddn Solutions ASA (Hiddn) is a public limited company headquartered in Oslo,

Norway, listed on the Oslo Stock Exchange under the ticker HIDDN. Hiddn is

supplying impenetrable proprietary hardware-based authentication and encryption

products. Hiddn's encryption product suite offers a distinctly superior level of

safety and ensures that sensitive information stays confidential and unavailable

to unauthorised access, even if the device is lost or stolen. Hiddn's products

are currently being used amongst others by the Norwegian Armed Forces, national

and Dutch Authorities and on NATO's Northrop Grumman's Global Hawks surveillance

drone. Hiddn aims to capitalise on the significant investments made to date by

embarking on a full commercial scaling and take advantage of the current

technology and cybersecurity trend in the market place.For more information,

please visit www.hiddnsolutions.com.