Nekkar ASA: Syncrolift receives notice of contract award for Norwegian shiplift project

11 Oct 2024 12:52 CEST

11.10.2024 12:52:22 CEST | Nekkar ASA | Inside information

11 October 2024 - Nekkar ASA's wholly-owned subsidiary Syncrolift AS has
received a notice of contract award from the Norwegian Defense Estate Agency
(Norwegian: Forsvarsbygg) for delivery of a shiplift to the Haakonsvern naval
base in Bergen, Norway.

The delivery includes a newbuild shiplift system and subsequent scheduled and
periodic service and maintenance services, customer support, and other service
and maintenance assignments. The combined contract value is NOK 205 million.

Syncrolift is the world's leading manufacturer of shiplifts and transfer systems
and has supplied such systems to a substantial number of naval shipyards
worldwide. This latest notice of contract award underlines Syncrolift's strong
position in the naval market.

The final contract award from the Norwegian Defense Estate Agency to Syncrolift
AS is subject to a mandatory ten-day quarantine period for submission of
potential complaints, and formal contract signing can take place after this
period at the earliest.

Further information about the project and Syncrolift's delivery will be shared
after the final contract has been signed.

Syncrolift is a wholly-owned subsidiary of Oslo stock exchange-listed Nekkar
ASA.

(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, 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.

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