22.1.2024 08:00:01 CET |Nekkar ASA | Additional regulated information required to be disclosed under the laws of a member state22 January 2024 - Astilleros y Maestranzas de la Armada (ASMAR) has awardedNekkar ASA's subsidiary Syncrolift AS the tender for the basic engineering design of a 5,000 tonnes shiplift and transfer system at its shipyard inTalcahuano, Chile . Syncrolift's engineering design scope for the shiplift and transfer system is valued atUSD 5 million and will be completed by the end of 2024. In addition, international engineering firmRoyal Haskoning DHV will conduct a separate engineering scope for civil and maritime works in the harbour area as part of a consortium with Syncrolift. The letter of award includes an option for a phase two equipment delivery of a Syncrolift shiplift and ship transfer system. This contract is valued at approximatelyUSD 24 million and is subject to final investment decision by ASMAR. "This is a substantial project that is part of ASMAR's master development plan for the Talcahuano shipyard, which considers replacing part of the shipyard's floating docks with a more efficient shiplift and transfer system. We have worked with this project over a long period and are happy to get started with the basic engineering design now" says Rolf-Atle Tomassen, managing director of Syncrolift AS. Syncrolift will conduct project management and engineering from its headquarter andInnovation Lab in Vestby,Norway . The shipyard in Concepción Bay inTalcahuano, Chile , is ASMAR's main shipyard. The yard performs maintenance, integral repair, upgrading and refit of navy and commercial units of up to 96,000 dwt and, in addition, the building of navy and commercial vessels of up to 50,000 dwt. The award inChile follows a number of new contract wins during the past year for Syncrolift, including both upgrades and newbuild shiplift and ship transfer systems to shipyards inDubai ,India ,Vietnam ,Indonesia andEurope . "These contract awards confirm Syncrolift's pan-global position as the leading manufacturer of shiplifts and transfer systems. The company has already ramped up its engineering and manufacturing capacity to handle these and other potential new projects. The team has a track record of delivering on-time at the right quality, which secures a lot of repeat business from shipyards worldwide," saysOle Falk Hansen , CEO ofNekkar ASA . Syncrolift is a wholly owned subsidiary ofOslo -listedNekkar ASA . (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 ABOUTNEKKAR 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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