22.1.2024 08:00:01 CET | Nekkar ASA | Additional regulated information required
to be disclosed under the laws of a member state

22 January 2024 - Astilleros y Maestranzas de la Armada (ASMAR) has awarded
Nekkar ASA's subsidiary Syncrolift AS the tender for the basic engineering
design of a 5,000 tonnes shiplift and transfer system at its shipyard in
Talcahuano, Chile.

Syncrolift's engineering design scope for the shiplift and transfer system is
valued at USD 5 million and will be completed by the end of 2024. In addition,
international engineering firm Royal 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
approximately USD 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
and Innovation Lab in Vestby, Norway.

The shipyard in Concepción Bay in Talcahuano, 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 in Chile 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 in Dubai, India, Vietnam, Indonesia and Europe. 

"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,"
says Ole Falk Hansen, CEO of Nekkar ASA. 

 Syncrolift is a wholly owned subsidiary of Oslo-listed Nekkar 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 

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.

Click here for more information

© Oslo Bors ASA, source Oslo Stock Exchange