Tekna Holding ASA

Regulatory Filings • Oct 3, 2022

Tekna provides update on machine and capacity improvement program

Tekna provides update on machine and capacity improvement program

3.10.2022 07:00:00 CEST | Tekna Holding ASA | Inside information

(Arendal, Norway/Sherbrooke QC, Canada - date month) Tekna Holding ASA (Tekna,

OSE: TEKNA), a world-leading provider of advanced materials to industry, today

announces an update on the machine and capacity improvement programme.

Tekna has several machines that produce advanced materials. The capacity

improvement programme is ongoing and the machines are being upgraded step by

step and one at a time. Output is consistently increasing, but at a slower pace

than planned towards the target of 70% increase. It is believed that the

solution to these challenges have been identified, and additional development

work is ongoing to confirm it. This will delay the schedule and the target of a

70% increase in output will not be reached by the end of 2022 as previously

communicated. The updated objective is to reach the stated target by the end of

first quarter 2023, but there is uncertainty related to this process

development.

This will result in a delayed increase in sales revenues for advanced materials,

which in the second half of 2022 is expected to be approximately at the same

level as in the second half of 2021. The full effect of the output increase will

not be reflected in the sales revenues until all machines are upgraded to the

new level.

Demand for advanced materials remains strong, and Tekna is paying close

attention to its customer's needs and ensuring that all contractual obligations

are being honoured.

DISCLOSURE REGULATION

This information is considered to be inside information pursuant to the EU

Market Abuse Regulation and is subject to disclosure requirements pursuant to

Section 5-12 the Norwegian Securities Trading Act. This stock exchange release

was published by Tekna Holding ASA, on 3 October 2022 at 7:00 CEST.

CONTACTS

* Arina van Oost, Investor Relations | VP Corporate Strategic Development &

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

ABOUT TEKNA HOLDING ASA

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. Tekna's powder products increase productivity

and enable more efficient use of materials, thereby paving the way towards a

more resilient supply chain and circular economy.

https://www.tekna.com

LinkedIn: https://www.linkedin.com/company/tekna-plasma/

ATTACHMENTS

Download announcement as PDF.pdf -

https://kommunikasjon.ntb.no/ir-files/17847682/1781/2407/Download%20announcement

%20as%20PDF.pdf