Nekkar ASA: Subsidiary Announces Major Rig SaaS Agreement

12 Feb 2026 07:00 CET

12.2.2026 07:00:00 CET | Nekkar ASA | Additional regulated information required
to be disclosed under the laws of a member state

12 February, 2026 - Intellilift and Inteliwell Joint Venture announces major
agreement for drilling automation solutions on 11 offshore rigs with a 10-year
duration.

InteliWell, a joint venture formed to accelerate autonomous well-construction,
announces that it has signed a binding agreement for the supply, installation,
and long-term operation of InteliAutomate and InteliTrak systems on 11 rigs.

The agreement provides for a package of game-changing automation capabilities to
be installed and integrated onboard each rig, beginning with the first vessel in
the second quarter of 2026.

The software will subsequently be deployed across the 11 rigs on a rolling basis
over the next 30 months. Each rig will be committed over a 10-year period with a
Software-as-a-Service fee.

Furthermore, InteliWell has contracted Intellilift to deliver the complete
services for its software products sold. For Intellilift, this contract
comprises a fixed-sum project amount plus a Software-as-a-Service fee throughout
the contract period for the 11 rigs for 10 years.

"This strategic partnership represents a defining moment for our automation
platform and for Inteliwell's role in the future of offshore automation. It
significantly expands our presence in the offshore market and reinforces our
long-term commitment to transforming how the energy sector adopts and scales
advanced technologies.

The platform is redefining what is possible in advanced drilling, demonstrating
that true innovation is driven by clarity of vision, not company size. With 11
new rigs joining the five already under contract, bringing the total to 16, we
are rapidly becoming one of the most widely adopted automation solutions in the
high-spec rig segment. Designed for flexibility and speed, the platform enables
seamless automation, rapid deployment with minimal or no downtime, effortless
application integration, and continuous improvement.

This expansion opens the door to a broader ecosystem of intelligent
applications, creating powerful synergies and a strong foundation for sustained
growth and technological leadership in the years ahead," says Stig Trydal, CEO
of Intellilift. "Above all, this achievement reflects the extraordinary passion
and dedication of our world-class engineering team, whose work continues to
shape the future of offshore operations."

"On the back of the previously announced deployments, this order highlights the
significant potential for scalability of the recurring revenue model for
Intellilift" says CEO of Nekkar, Ole Falk Hansen



To learn more about InteliWell, visit: www.inteliwell.com -
http://www.inteliwell.com

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 long-term owner of ocean-based technology
companies. The company invests in and develops technology businesses within
sustainable oceans, robotics and intelligent logistics, and digital solutions.
With a 50-year industrial heritage from Syncrolift, Nekkar applies an active
buy-to-own strategy to build long-term value. The group supports empowered
operating companies with a strong balance sheet and reinvests strategically to
ensure profitability and sustainable growth. As a publicly listed company,
Nekkar has a proven track record of shareholder value creation through
disciplined M&A, financial management, and capital allocation.

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