Nel ASA

Regulatory Filings • Mar 11, 2019

Nel ASA: Awarded purchase order for two hydrogen fueling stations in South Korea

Nel ASA: Awarded purchase order for two hydrogen fueling stations in South Korea

(Oslo, 11 March 2019) Reference is made to the announcement of February 22,

where Nel Korea Co., Ltd., a subsidiary of Nel ASA in Korea received notice of

bid winner for two additional stations in South Korea. Nel Korea has now

received a purchase order for the two H2Station® hydrogen fueling stations from

Public Procurement Service (PPS) on behalf of Gangwon Technopark.

"We are happy to announce that after negotiations with PPS on behalf of Gangwon

Technopark, we have received a purchase order to deliver two additional stations

in South Korea, which today is one of the most important and fastest growing

markets for hydrogen mobility," says Simon Choi, Sales Director and VP, Nel

Korea.

The value of the contract is around EUR 2.8 M, and the H2Station® units are

scheduled to be installed in Gangneung and Samcheok during 2019.

ENDS

For further information, please contact:

Jon André Løkke, CEO, Nel ASA, +47 907 44 949

Bjørn Simonsen, VP Market Development & Public Relations, +47 971 79 821

About Nel ASA | www.nelhydrogen.com

Nel is a global, dedicated hydrogen company, delivering optimal solutions to

produce, store and distribute hydrogen from renewable energy. We serve

industries, energy and gas companies with leading hydrogen technology. Since its

origns in 1927, Nel has a proud history of development and continual improvement

of hydrogen plants. Our hydrogen solutions cover the entire value chain from

hydrogen production technologies to manufacturing of hydrogen fueling stations,

providing all fuel cell electric vehicles with the same fast fueling and long

range as conventional vehicles today.

About Nel Korea Co., Ltd.

Nel Korea is a subsidiary of Nel ASA, dedicated to sales and service of

H2Station® hydrogen fueling equipment and stations in Korea. Established to

facilitate sales, installation and operation of H2Station® in Korea. H2Station®

technology from Nel is renowned for reliable and high-performance hydrogen

fueling and compact station design.