Arribatec Group ASA

Regulatory Filings • Apr 20, 2021

ARRIBATEC AWARDED 5 YEAR SOFTWARE CONTRACT WITH MAJOR EUROPEAN BASED CRUISE LINER

ARRIBATEC AWARDED 5 YEAR SOFTWARE CONTRACT WITH MAJOR EUROPEAN BASED CRUISE LINER

(Oslo, Norway, 20 April 2021) IB (Arribatec Marine Solutions), a subsidiary of Arribatec Solutions ASA (OSE: ARR, Arribatec), has been awarded a five-year Software-as-a-Service (SaaS) contract with a major European based Cruise Liner for a total of 17 cruise ships.

We´re pleased to announce that our state-of-the-art marine solutions are gaining traction in the market, now selected by one of the largest European based Cruise Liners. The agreement is for the delivery of the complete InfoSHIP suite of software consisting of Asset, Procurement, Quality & Safety, Electronic LogBooks and Performance monitoring.

“This contract proves the quality and the value our InfoShip solutions deliver to the maritime sector. There are many competitors, and many of them fairly new in the market, especially within Performance monitoring, but we have been in the market for several years already and with proven solutions“ says Per Ronny Stav, CEO of Arribatec.

The Arribatec subsidiary IB, a leading international provider of cloud-based Enterprise Asset Management solutions within the maritime sector, has entered into an agreement to provide InfoShip SaaS solutions to one of the largest European based Cruise Liners. The five-year agreement has a value of € 2.7 million, Software as a Service only. All services will be delivered on a time & material basis and is also estimated to be of significant value over the coming years.

“Our focus on driving digitalization and cost optimization for the entire maritime industry are further revitalized and trust established globally under the ownership of Arribatec” says Giampiero Soncini, SVP & MD of IB/Arribatec Marine Solutions

ENDS

For additional information, please contact:

Per Ronny Stav, CEO, Arribatec Solutions ASA: +47 994 42 378

Martin Nes, Chairman of the Board, Arribatec Solutions ASA: +47 920 14 814

About Arribatec | www.arribatec.com

Arribatec is a software and consulting company headquartered in Oslo. With a customer centric engagement model, combined with a deep system, integration and domain competence, Arribatec builds long term strategic partnership with a broad customer base. Arribatec serves more than 800 large entities spread over 25 countries and various industries, both in the private and public sector. The company employs over 350 people, with offices in 18 countries and is listed on the Oslo Stock Exchange under the ticker code ARR.