Soiltech awarded new contracts

04 Apr 2025 10:42 CEST

Soiltech ASA (OSE: STECH)
Sandnes, Norway, 04 April 2025

Soiltech ASA has been awarded three contracts for providing Fluid treatment
(STT) services to leading counterparties in the oil & gas industry in Europe.
Together, the expected revenue under these contracts is anticipated to be
sizable¹.

The contracts are expected to be performed during the second and third quarter
of 2025. Two contracts relate to the treatment of water offshore while one
contract relate to the treatment of water in connection with pipe cleaning on an
oil refinery.

“We are pleased to be awarded these contracts, which we see as a recognition of
our market leading solutions for water treatment and the strong performance of
our field personnel”, says Glenn Åsland, COO in Soiltech.

About Soiltech
Soiltech is an innovative technology company specializing in the treatment,
recycling and sustainable handling of contaminated water and solid waste on
site. Our technologies enable cost savings and lower CO2 emissions through waste
reduction, waste recovery and reuse.
Soiltech operates world-wide and is headquartered in Norway.

This information is subject to the disclosure requirements pursuant to Section
5-12 the Norwegian Securities Trading Act.
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Contract sizes
A sizable contract has an estimated value of MNOK 5 – 10 over 12 months
A substantial contract has an estimated value of MNOK 10 – 20 over 12 months
A large contract has an estimated value above MNOK 20 over 12 months

Contact:
Tove Vestlie, CFO Telephone: (+47) 90 69 06 48, Email: IR@soiltech.no
Jan Erik Tveteraas, CEO Telephone: (+47) 95 21 49 25

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