NTG write down of CrayoNano financial asset

15 Jan 2025 22:54 CET

Reference is made to NTG´s press release on 12 September 2024 and CrayoNano´s
press release on NOTC today. Nordic Technology Group AS (NTG) has a financial
holding of around 14,9% in CrayoNano AS. The management and board of directors
of CrayoNano with advisor have not received subscriptions for the convertible
loan to cover the minimum amount of NOK 15 million. The board of directors of
CrayoNano has thus decided today to file for bankruptcy. Based on this, NTG will
write down in full the investment in CrayoNano AS with effect from 31.12.2024
with NOK 80,97 million. The write down will not have any cash effect on NTG´s
operations.


For further information, please contact:
Rune Rinnan
Chief Executive Officer
E-mail: rune.rinnan@ntechgroup.no

About Nordic Technology Group
Nordic Technology Group (NTG) is dedicated to technologies contributing to solve
society challenges by using electronics and software as its building blocks. By
devotion to its technology segments, sensor, nanomaterials and clean-tech, NTG
is targeting international markets and building industry leaders, by utilizing
synergies within and across each of its technology sectors and by leveraging on
its extensive patent library to secure shareholder value and growth.

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