17.8.2022 08:37:07 CEST | Nekkar ASA | Additional regulated information required to be disclosed under the laws of a member state

17 August 2022 – Nekkar ASA’s wholly owned subsidiary Syncrolift AS has been awarded a contract to upgrade an existing shiplift for an undisclosed international customer.

The contract value is approximately USD 5 million.

The upgrade project will improve the utilization and flexibility of the shiplift. Project completion is planned for 2024.

 Syncrolift comprises Nekkar’s Shipyard Solutions business area.

 In 2019, Nekkar initiated a project to generate more aftersales and service revenues from its extensive global installed base of shiplifts and transfer systems.

 “This latest contract is another result of Syncrolift’s efforts to tap into its substantial installed base to help upgrade and expand the functionality of existing shiplifts. There is still significant potential in this installed base, and we aim to capitalise further on this going forward,” says Ole Falk Hansen, CEO of Nekkar.

 Syncrolift will conduct all engineering and project management from its headquarters in Vestby, Norway.

(ENDS)

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

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 and renewables and aquaculture.