Subsidiary to equip cable lay vessel for zero emission operations

Ship engineering company Peak Marine Tech AS has awarded HAV Group's subsidiary
Norwegian Electric Systems AS (NES) a contract to supply the battery and control
systems to enable zero emission cable lay operations from the converted Fjord
Connector cable lay vessel owned by Seaworks Kabel AS.  

Under the contract, NES will deliver a complete battery system and upgrade all
control and automation systems on board the vessel, plus equip it to enable
battery charging while at port. NES has not disclosed the value of the contract.


"This project epitomises NES' core competence and technology extremely well. In
short, we will help to upgrade a vessel in order to realise significant
reductions in operating cost and emission levels," says Geir Larsen, managing
director of NES. 

The Fjord Connector is currently undergoing conversion from a seismic support
vessel to a cable lay vessel designed for installation of fibreoptic subsea
cables. 

Upgrading Fjord Connector with new battery pack, smart control system and
charging infrastructure will enable it for zero emission cable lay operations.
The vessel will charge batteries quayside at night, utilise hybrid propulsion
when sailing offshore, and then cut all equipment when on site to allow for
optimal load on the generator which in turn will enable zero emission cable lay
operations. 

"This type of operating patter will reduce our fuel consumption substantially,
including the inherent environmental benefits it offers. We look forward to
cooperating with NES to upgrade the Fjord Connector," says Stian Andrè Larsen,
General Manager at Peak Marine Tech AS. 

NES will supply the equipment in the second quarter of 2022. It will be
delivered to the Polish shipyard that is responsible for converting the Fjord
Connector. 

"From NES' perspective, this is a non-complex project but one that provides
excellent benefits to the vessel operator, which is very dedicated to
continuously work for sustainable solutions for its fleet and operations," says
Martin Aasheim, sales manager at NES. 

Peak Marine Tech AS is a part of Peak Group, and deliver project management for
newbuilding, redesign and modification projects, in addition to deck equipment,
inspections and surveys. Innovation and sustainability are key factors in all
Peak Marine Tech's services and products. 

"We focus on providing the latest environmental developments to support our
clients' sustainability objectives and success," says Stian Andrè Larsen.  

Peak Marine Tech has offices in Bergen and Groningen, Netherlands.

NES, which is a subsidiary of Oslo-listed HAV Group ASA, will design, assemble,
and test the systems at its headquarters at Godvik outside Bergen, Norway,
before shipping it to the Polish yard. 

For additional information, please contact:
Gunnar Larsen, CEO
[e-mail]
[phone]

About HAV Group | www.havgroup.no 
The HAV Group is an international provider of technology and services for
maritime and marine 
industries, listed on Euronext Growth under the ticker code HAV. The group
comprises four 
subsidiaries with several decades of combined experience in the industry, in
addition to special 
expertise in guiding the marine and maritime industries through the green shift
and towards the 
goal of zero emissions. 

About Norwegian Electric Systems AS
Norwegian Electric Systems AS (NES) s a total supplier off sustainable Energy
Design and Smart Control for a wide range of vessels for the global marine
market. The company is a committed partner for safe shipping, lower emissions
and added value for our customers.

NES' focus is to be a collaborator and a system supplier, designing optimal
propulsion systems for vessels and control systems to ensure safety by smart and
easy operation.

NES is based in Bergen and has branches with core expertise in Ålesund and
Egersund. 

To learn more about us, visit: 
www.norwegianelectric.com

About Peak Marine Tech AS
Peak Marine Tech AS (PMT) is a part of Peak Group AS, a company established in
2005. Peak Group has 8 owned vessels and operate a fleet of aboutt 20 vessels.
Peak Group is present in Bergen, Oslo, Groningen, Delfzijl and Hamburg. PMT
joined Peak Group in 2018 and delivers a wide range of products and services to
ensure greater performance and safe operation of various equipment's in maritime
sectors, in addition to project management and engineering services for
newbuilding, redesign and modification projects. PMT provides 24/7 technical and
operational support worldwide through highly dedicated team of skilled service
engineers from strategic locations.

To learn more about us, visit: 
www.peakmarinetech.com
www.peakgroup.no

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© Oslo Bors ASA, source Oslo Stock Exchange