Nekkar ASA: Subsidiary wins naval ship transfer system contract

30 Oct 2024 08:12 CET

30.10.2024 08:12:55 CET | Nekkar ASA | Non-regulatory press releases

October 30, 2024 - Nekkar ASA's wholly-owned subsidiary Syncrolift AS has been
awarded a contract from Thyssenkrupp Marine Systems to upgrade a current ship
transfer system that will be used for submarines, including the Norwegian navy's
newbuild submarines.

Under the contract, Syncrolift will deliver the technology that enables an
upgrade of the existing static transfer system for submarines, into a
state-of-the-art fluid bed system. A Syncrolift fluid bed system protects ships
and equipment from all loads arising from landside transfer and shiplift
launching.

The total contract value, including options, is approximately EUR 5 million.
Should all options be exercised, deliveries will be made in different batches
between 2024 and 2028.

"Our fluid bed technology eliminates any unwanted load during transfer and
launching and thereby protect ships and equipment. We are delighted that
thyssenkrupp Marine Systems has chosen this safe and highly flexible solution,"
says Rolf-Atle Tomassen, managing director of Syncrolift AS.

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.

"Syncrolift is the only shiplift manufacturer with experience from providing
total solutions for submarine handling, including lifts and transfer systems. We
have supported thyssenkrupp on several similar projects in the past, so we are
well aware of their project execution approach and stringent quality
requirements. We look forward to contributing towards a successful project,"
says Ole Falk Hansen, CEO of Nekkar ASA.

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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