(“Mitsui”) acting as an anchor investor in the convertible bond subscribing for NOK 500 million. Raised gross proceeds of approximately NOK 1,300 million through a combination of issuance of new shares worth NOK 500 million and the issuance of a convertible bond of NOK 800 million, with Mitsui & Co.

Exited the quarter with total backlog of approximately NOK 1.2 billion.

Signed an exclusive distribution agreement with Hino Trucks for supply of battery electric heavy-duty trucks in the US with a potential total value of approximately USD 2.0 billion.

Revenue grew 53% year-over-year to NOK 244 million, driven by strong demand in hydrogen infrastructure applications.

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