Nekkar awarded crane contract for offshore wind vessel

23.5.2023 09:00:00 CEST | Nekkar ASA | Additional regulated information required
to be disclosed under the laws of a member state

23 May 2023 - Nekkar ASA (Nekkar), through the recently acquired Techano Group,
has been awarded a contract to deliver an offshore crane to a newbuild cable-lay
support vessel (CLSV) that Sefine Shipyard is building for Norwegian shipowner
Agalas.

Under the contract, Nekkar will deliver a 70-tonnes offshore crane capable of
performing both subsea installation and removal operations plus topside
3D-compensated lifting operations in conjunction with wind farm developments and
operations. The total contract value, including certain options, is
approximately EUR 4 million.

The knuckle boom crane is equipped with an active heave compensated (AHC) winch
with 2,000 metre wire for subsea operation, and a separate 3-tonne 3D active
motion compensated lifting tool, for topside lifts. The crane features
Intellilift's state of the art control system and motion compensating system.

"We have developed a crane that is ideal for vessels operating on offshore wind
farms. It can perform subsea lifting operations and is capable of supporting
wind farm operations with lifting of equipment and tools necessary to operate
and maintain wind turbines. It offers a flexibility that improves the commercial
potential for the shipowner while it also reduces operating costs for operators
of wind farms," says Øystein Bondevik, director of business development and
sales at Nekkar.

ACQUISITION AS ENABLER

It is Nekkar's recently announced acquisition of Techano Group that has opened
the door for the crane contract. Techano has extensive industry experience with
product delivery and project execution within the renewables, aquaculture and
marine industries.

The strategy for the add-on was to combine Nekkar's in-house automation,
electrification, and software competence, with industry specialist personnel
from Techano who are specialists in load-handling and lifting equipment for the
renewable, aquaculture, offshore and marine industries.

Nekkar's subsidiary company Intellilift will deliver the crane's digital control
system, leveraging sensors, cameras, and software.

"Our joint ambition is to deliver smart, lightweight, and energy-efficient
lifting and handling solutions that are fully automated and digitized, capable
of challenging the incumbent solutions in the market. This contract demonstrates
that bringing Techano into Nekkar was a good enabler for both parties," adds Ole
Falk Hansen, CEO of Nekkar ASA.

DELIVERY IN 2024

Nekkar will conduct the engineering and project management from the group's
headquarter in Kristiansand, Norway. The completed crane will be delivered to
Nekkar's contract partner, Sefine Shipyard in Turkey, in 2024.

Norway-based NSK Ship Design has designed the dual-fuel methanol vessel that is
99 metres long, 21 metres wide and equipped with a battery pack. It has been
designed to perform installation of inter-array cables at offshore wind farms.
When not installing cables, the ship can operate in other sectors of the
offshore industry, including light construction and cable repair.

(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.