Dwellop AS ("Dwellop") is recognized for delivering high quality systems for well intervention operations worldwide. The systems are based on years of R&D and in close dialog with the customers to provide products and services ranging from standard equipment to custom designed solutions.
Dwellop has observed an increased demand for lease of the company's products. The board of directors of Dwellop has therefore decided to establish a new subsidiary, Robust Rental AS ("Robust Rental"), and to transfer two Lynx Wire Line Masts and related contracts and two Advanced Tension Frames to this rental company. 
The Lynx Wire Line Masts defines a new industry standard in terms of efficiency and improved working environment. The Advanced Tension Frames is Dwellop's lifting frame concept for well intervention operations on floaters. The main purpose of Robust Rental will be to lease such equipment to the oil and gas industry, primarily for well operations.
The incorporation of Robust Rental and the transfer of the Lynx Wire Line Masts and the Advanced Tension Frames to the company are expected to take place end 2020 or early 2021. 
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For further information, please contact:
Helge Hustoft, Chief Executive Officer
E-mail: helge.hustoft@dwellop.no 
This information is published in accordance with the disclosure requirements set out in the Continuing Obligations for companies with shares registered on the NOTC-List.