Nekkar and BMS Heavy Cranes sign SkyWalker innovation agreement

24 Nov 2022 06:45 CET

24.11.2022 06:45:00 CET | Nekkar ASA | Non-regulatory press releases

24 November 2022 - Nekkar ASA (Nekkar) and leading international wind turbine
installation player BMS Heavy Cranes have entered into an innovation agreement
for the development and testing of the wind turbine installation tool named
"SkyWalker".

"Several of the large international wind turbine manufacturers utilise BMS Heavy
Cranes as their preferred wind turbine lifting service partner. To bring such a
highly regarded heavy lifting service provider on board as a development partner
for SkyWalker is very valuable to us. BMS Heavy Cranes possesses substantial
know-how about the strengths and limitations of current heavy lifting and
installation methods and the various OEMs' wind turbine technologies. This
knowledge will be used to optimize the SkyWalker design to meet the market needs
says Ole Falk Hansen, CEO of Nekkar.

For more than a decade, BMS Heavy Cranes has worked closely with the world's
leading wind turbine manufacturers, erecting and servicing a very large number
of onshore and offshore wind turbines. BMS Heavy Cranes offering includes on-
and offloading of turbine components, transport of turbine elements to storage,
up-end of towers and assembly of towers on tower stands, lifting and erecting
full towers to quay side or operation site and transport of nacelles and blades
to quay side as well as operation site.

As part of the agreement, BMS Heavy Cranes will contribute to the verification
and benchmarking of the SkyWalker installation tool and provide its specialist
know-how and technical information regarding logistics and handling. BMS Heavy
Cranes will also assess the cost of the SkyWalker solution versus current
technologies, and will participate, as Nekkar's lifting and installation
partner, in testing the full-scale prototype and when rolling out the technology
to the market.

"We see great potential in this innovative solution for installing wind
turbines. When benchmarking SkyWalker against current solutions, we see that the
simpler logistics significantly reduce the time needed to install wind turbines.
In addition, SkyWalker's controlled lift allows a greater weather window for
installation. We are asked by our customers to provide lifting solutions for
increasingly higher wind turbines, so we look forward to working with Nekkar to
develop SkyWalker and realise this potentially disruptive wind turbine
installation tool," says Jesper Hansen, CSO at BMS Heavy Cranes.

DISRUPTIVE SOLUTION

The SkyWalker wind turbine installation tool aims to significantly reduce the
time, cost and environmental footprint associated with wind turbine
installations.

SkyWalker uses active heave compensation derived from offshore lifting systems
combined with digital solutions that allow for remote-controlled and automated
solutions. This enables a controlled lift that can operate heavier loads and
reach larger heights than current crane solutions, and the ability to operate in
stronger winds.

In addition, SkyWalker reduces the environmental impact of installing wind
turbines by considerably reducing the footprint in nature and CO2 emissions from
transportation. This can also enable installation of wind turbines at locations
where it currently is not practically or financially viable to develop wind
farms.

Last year, Nekkar was awarded a NOK 21.5 million grant from Innovation Norway to
develop the SkyWalker wind turbine installation tool.

The foundation of Nekkar's business is world-class engineering, electrification,
automation, and digitalisation competence and heritage from the drilling
industry in Kristiansand which is the DNA in the company's digital solutions
business area. Nekkar aims to apply this competence as levers to develop
disruptive technologies that can make high-growth industry sectors - such as
renewable energy - even more sustainable, productive, and profitable.



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.

ABOUT BMS Heavy Cranes

BMS Heavy Cranes (DK) is a company specialised in the provision of heavy lift
equipment and personnel operating such equipment world-wide. We have extensive
experience in complex and single heavy lift projects and provide solid and heavy
lift solutions, amongst others, to our customers within the wind energy
industry, on- and offshore on, quay for larger offshore projects, already
established wind farms as well as provision of transport of wind turbine
components. BMS Heavy Cranes always seek to provide an optimal and
cost-effective solution for our customers, and we work closely together with the
customer in accommodating any customer's requests and requirements with respect
and focus on safety and the environment.



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

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