Nekkar — Regulatory Filings 2023

Jun 30, 2023

Nekkar ASA: Syncrolift awarded contracts worth NOK 85 million

Nekkar ASA: Syncrolift awarded contracts worth NOK 85 million

30.6.2023 08:22:11 CEST | Nekkar ASA | Non-regulatory press releases

30 June 2023 - Nekkar ASA's subsidiary Syncrolift AS has been awarded three

contracts, with a combined value of approximately NOK 85 million, for various

equipment deliveries for shiplifts and ship transfer systems.

Song Thu Shipyard in Vietnam has placed a contract for an extension of a

shiplift and transfer system previously supplied by Syncrolift.

An undisclosed maritime zone in the Middle East has placed an order for a ship

transfer system.

In addition, Cochin Shipyard in India has entered into an agreement with

Syncrolift to reactivate a previously paused shiplift project, with associated

reimbursement to Syncrolift.

Syncrolift will conduct engineering and project management for all three

projects from its headquarter in Vestby, Norway. Equipment deliveries and

commissioning will be conducted throughout 2023 and 2024.

"The Song Thu project reiterates Syncrolift's excellent track record at this

yard, while the contract in the Middle East could open the door for further

deliveries in the future. Moreover, we are very pleased to see that Cochin

Shipyard's project is back on track. Overall, these awards represent the high

tender activity we see in the market, and we are delighted to maintain a high

win-rate," says Rolf-Atle Tomassen, managing director of Syncrolift AS.

Syncrolift is the world's leading manufacturer of ship lifts and transfer

systems. The company is a wholly owned subsidiary of Oslo-listed Nekkar ASA.

DISCLOSURE REGULATION

This information is subject to the disclosure requirements pursuant to Section

5-12 the Norwegian Securities Trading Act.

CONTACTS

* Ole Falk Hansen, CEO, +47 988 14 184, ir@nekkar.com

ABOUT NEKKAR ASA

Nekkar (OSE: NKR) is an industrial technology group offering impact technologies

combined with high-end software solutions. The group combines 50 years' heritage

from the world's number one shiplift company, Syncrolift, with new investments

into sustainable, digitalised technology businesses that aim to unlock growth

within ocean-based industries such as offshore energy, renewables and

aquaculture.