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    EPI A   SE0015658109

EPIROC AB (PUBL)

(EPI A)
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Delayed Nasdaq Stockholm  -  11:29 2022-08-08 am EDT
175.45 SEK   +0.49%
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Epiroc trials first-ever battery-electric surface drill rig

07/05/2022 | 02:31am EDT

Stockholm, Sweden: Epiroc, a leading productivity and sustainability partner for the mining and Infrastructure industries, has agreed with Swedish construction company Skanska to field test the world's first battery-electric drill rig for surface operations. The trial is a milestone in the journey towards zero-emission drilling in surface mines and quarries around the world.  

Epiroc is taking a major step with the inaugural battery-powered drill rig for surface operations. The design of the rig is based on Epiroc's well-proven SmartROC T35 surface drill rig. Using Epiroc's vast experience from the development of the underground battery rigs, the SmartROC T35 E is designed to enhance the environmental standards of quarries and larger construction sites.  In addition to zero emissions in operations, the rig comes with a range of smart features, options and enhanced automation solutions for optimal safety, reliability, and performance. Epiroc is already a leading provider of battery-electric machines and solutions for underground mines.

Skanska will test the rig at a quarry near Stockholm, Sweden. The machine, manufactured in Örebro, Sweden, will arrive at the quarry in September. Epiroc will announce later when the SmartROC T35 E will be available on the market. 

"Epiroc has bold sustainability targets in place for the year 2030," says Helena Hedblom, Epiroc's President & CEO. "With the SmartROC T35 E we are taking a large step towards reaching our promise to offer a full range of emissions-free products for quarries and large construction applications."

"A milestone has been reached and a new opportunity has come to reduce our climate impact," says Johan Eliasson, Project Manager, Skanska Industrial Solutions AB. "I am very happy about the long collaboration between Epiroc and Skanska, and it is exciting to be able to do this project together. Both companies have set bold environmental goals - this project really takes a great step towards Skanska´s goal of being completely climate neutral by 2045, which is an important part of our promise to build a better society."

Epiroc's battery-electric solutions are attracting strong interest from the market. Customers' benefits include emissions-free operations, lower noise pollution and vibrations, and higher productivity. The machines play a vital role in Epiroc's ambitious sustainability goals for 2030, which include halving the CO2e emissions in operations and from sold products. In 2021, the goals were validated by the Science Backed Targets initiative as being in line with keeping global warming at a maximum 1.5° C,  consistent with the latest climate science and the goal of the Paris Climate Agreement.

Epiroc will offer its complete fleet of underground mining equipment as battery-electric versions by 2025, and its full fleet for surface operations as battery-powered versions by 2030.


Epiroc's SmartROC T35 surface drill rig, which Skanska will field test in battery-electric version

For more information please contact:
Ola Kinnander, Media Relations Manager
+46 70 347 2455
media@epiroc.com

Epiroc is a vital part of a sustainable society and a global productivity partner for mining and infrastructure customers. With ground-breaking technology, Epiroc develops and provides innovative and safe equipment, such as drill rigs, rock excavation and construction equipment and tools for surface and underground applications. The company also offers world-class service and other aftermarket support as well as solutions for automation, digitalization and electrification. Epiroc is based in Stockholm, Sweden, had revenues of SEK 40 billion in 2021, and has more than 15 500 passionate employees supporting and collaborating with customers in more than 150 countries. Learn more at www.epirocgroup.com.

https://news.cision.com/epiroc/r/epiroc-trials-first-ever-battery-electric-surface-drill-rig,c3596329

https://mb.cision.com/Main/16899/3596329/1600811.pdf

https://news.cision.com/epiroc/i/epiroc-smartroc-t35,c3067661

(c) 2022 Cision. All rights reserved., source Press Releases - English

Stocks mentioned in the article
ChangeLast1st jan.
EPIROC AB (PUBL) 0.49% 175.45 Delayed Quote.-23.82%
SKANSKA AB 1.61% 167.2 Delayed Quote.-29.74%
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Financials
Sales 2022 48 109 M 4 744 M 4 744 M
Net income 2022 8 199 M 808 M 808 M
Net cash 2022 4 202 M 414 M 414 M
P/E ratio 2022 25,8x
Yield 2022 1,93%
Capitalization 205 B 20 192 M 20 192 M
EV / Sales 2022 4,17x
EV / Sales 2023 3,78x
Nbr of Employees 15 912
Free-Float 80,8%
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Number of Analysts 22
Last Close Price 175,45 SEK
Average target price 181,50 SEK
Spread / Average Target 3,45%
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Managers and Directors
Helena Hedblom President, Chief Executive Officer & Director
Håkan Victor Folin Chief Financial Officer, SVP-Finance & Controlling
Ronnie Leten Chairman
Jonas Albertson Chief Technology Officer
Ylva Lindquist Vice President-Compliance
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