ELOP and Endur AAK have entered into a cooperation agreement for the use and
delivery of ELOP's technology. The agreement enables AAK to offer unique
inspections services based on ELOP's patented technology.
ENDÚR AAK, has market-leading expertise in access technology and services such
as inspection, repair and maintenance of, among other things, concrete
structures. AAK currently performs such services for a number of customers both
onshore and offshore.

The agreement involves the delivery of ELOP's products and technology from the
first quarter of 2021.

- Our services, combined with ELOP's innovative inspection tools and software,
are a perfect match, says Executive Vice President of ENDÚR, Hans Petter
Eikeland. 

- In short, ELOP have developed a technology that checks the concrete for faults
and weaknesses. The market for this is very big. There are thousands of bridges,
quays, buildings, and wind turbines where you do not know the actual condition
of the structure simply because you have not had good tools to see below the
surface. Another challenge is to get to places with demanding access. This is
our special field, and the collaboration agreement means that we will now
combine ELOP's innovative technology with ENDÚR's expertise to provide a unique
offering to our clients, says CEO of ENDÚR AAK, Rune Sele.

- We are excited about this agreement with AAK, a recognized service provider in
the industry that will further expand the customer base for our technology and
software products, says Kjersti Kanne, CEO of ELOP.

- Endur AAK has a particularly high level of competence in rehabilitation of
concrete structures with challenging access. We believe our technology will
enable Endur to deliver an even better and wider range of services to this
market, says Per Arne Haug, Sales and Marketing Manager at ELOP.

For further information, please contact: 
CEO Kjersti Kanne, +47 480 31 075 
Sales and Marketing Director Per Arne Haug, +47 907 09 570
 
See also www.elop.no  
 
About ELOP  
ELOP AS is a Norwegian tech company established in 2013. ELOP has developed and
patented an ultrasound technology for inspection and analysis of critical
infrastructure. The company develops and commercialises tools and digital
solutions to inspect, monitor and manage infrastructure worldwide. ELOP's vision
is to provide asset owners with smart solutions that improve safety, extend
asset lifetime, and minimise total lifecycle cost and environmental footprint. 
 
ELOP is listed on the Oslo Stock Exchange Merkur Market. The company is headed
by CEO Kjersti Kanne with offices in Oslo and Hamar in Norway. Øivind Horpestad
is the company's Executive Chairman.

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© Oslo Bors ASA, source Oslo Stock Exchange