Saga Pure ASA

SAGA

NO0010572589

Investment Holding Companies

Market Closed - Oslo Bors Other stock markets 10:45:00 2024-04-19 am EDT			5-day change	1st Jan Change
1.27 ^NOK	-0.39%		-2.68%	-3.05%

Feb. 15	Saga Pure ASA Reports Earnings Results for the Full Year Ended December 31, 2023	CI
Feb. 15	Saga Pure ASA Reports Earnings Results for the Fourth Quarter Ended December 31, 2023	CI

Saga Pure ASA: Increases its ownership in Heimdall Power

September 21, 2021 at 02:01 am EDT

(Oslo, 21 September 2021) Saga Pure ASA (Saga, OSE: SAGA) has entered into an agreement to further invest NOK 9.6 million in Heimdall Power AS (Heimdall Power). Heimdall Power provides digital solutions for power grid monitoring and efficient operations. Saga Pure will hold 18.3 percent of the company following the transaction (undiluted basis).

"We are very happy about the progress Heimdall Power has made over the course of 2021, and have decided to further increase our ownership, as we see great opportunities for the company moving forward," says Bjørn Simonsen, CEO of Saga Pure.

Saga Pure has entered into an agreement to invest NOK 9.6 million in Heimdall Power. Saga Pure is an active investor in Heimdall Power through its position on the Board of Directors.

Heimdall Power makes the power grid smarter by installing neurons, intelligent sensors on high-voltage power lines, providing insight for improved grid-operations and -utilization and reducing the need for investments. The key highlights for the company include:

The Heimdall Neuron is an advanced, low-cost monitoring device that leverages various sensor technologies and a patented system design
The company sells access to data and insights through a subscription-based model
The product has been in the market since 2020 and the company is currently positioning for a substantial near-term scale up
Currently, the Heimdall team consists of 35 FTEs with high expertise within sensor technology, wireless communication and infrastructure

ENDS

For additional information, please contact:

Bjørn Simonsen, CEO, +47 971 79 821

Espen Lundaas, CFO, +47 924 31 417

About Saga Pure ASA | www.sagapure.com

Saga Pure ASA is an investment company focusing on opportunities within renewable energy, hydrogen, circular economy and CO2-reduction.

https://news.cision.com/saga-pure-asa/r/saga-pure-asa--increases-its-ownership-in-heimdall-power,c3418444

https://mb.cision.com/Public/20232/3418444/8666b20077ae345a.pdf

Latest news about Saga Pure ASA

Saga Pure ASA Reports Earnings Results for the Full Year Ended December 31, 2023	Feb. 15	CI
Saga Pure ASA Reports Earnings Results for the Fourth Quarter Ended December 31, 2023	Feb. 15	CI
Saga Pure ASA Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023	Nov. 08	CI
Saga Pure ASA Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023	23-08-29	CI
Saga Pure ASA announced that it expects to receive NOK 0.05 million in funding	23-05-31	CI
Saga Pure ASA Reports Earnings Results for the First Quarter Ended March 31, 2023	23-05-10	CI
Saga Pure ASA Reports Earnings Results for the Full Year Ended December 31, 2022	23-02-15	CI
Saga Pure ASA Reports Earnings Results for the Fourth Quarter Ended December 31, 2022	23-02-15	CI
Norway's Saga Pure Names Interim CEO	23-01-12	MT
Saga Pure ASA Appoints Tore Jakob Berg as Interim-CFO, Effective January 15, 2023	23-01-12	CI
Saga Pure ASA Appoints Espen Lundaas as Interim Chief Executive Officer, Effective 15 January 2023	23-01-12	CI
Saga Pure ASA Announces the Step Down of Bjørn Simonsen as CEO, Effective 15 January 2023	22-12-22	CI
Saga Pure Unveils Demerger, Listing Plan for New Investment Company	22-11-16	MT
Transcript : Saga Pure ASA, Q3 2022 Earnings Call, Nov 10, 2022	22-11-10
Saga Pure ASA Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2022	22-11-10	CI
Saga Pure Announces the Intention to Establish A New Industrial Investment Company Focused on Distressed Assets	22-11-10	CI
Saga Pure Plans Industrial Investment Company Spinoff, Listing on Euronext Growth in 2023	22-11-09	MT
Saga Pure ASA Declares Dividend	22-08-25	CI
Saga Pure ASA Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2022	22-08-24	CI
Saga Pure ASA (OB:SAGA) completed the acquisition of 22.1% stake in Heimdall Power AS for NOK 17.7 million.	22-08-23	CI
Saga Pure ASA Reports Earnings Results for the First Quarter Ended March 31, 2022	22-05-09	CI
Saga Pure ASA Reports Earnings Results for the Fourth Quarter Ended December 31, 2021	22-02-15	CI
Saga Pure ASA Reports Earnings Results for the Full Year Ended December 31, 2021	22-02-15	CI
Saga Pure ASA Announces Dividend	22-02-15	CI
Hydrogen Bunkering Solutions Firm Hyon Plans Oslo Euronext Growth Listing	22-01-21	MT

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Company Profile

Saga Pure ASA, formerly known as Saga Tankers ASA, is a Norway-based investment and management Company related to industry, energy, real estate, including ownership and investment in other businesses. The Company seeks out and invests in companies within renewable energy, hydrogen, circular economy and reduction of CO2 emissions. The Company's portfolio consists of such entities as Bergen Carbon Solutions, Horisont Energi, Heimdall Power, IC Technology, Hyon, Everfuel and Pryme. The Company operates domestically.

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Investment Holding Companies

Calendar

2024-05-15 - Q1 2024 Earnings Release (Projected)

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