21 October 2022 - Elop Technology has been granted a patent for its Multrawheel
scanner technology in Brazil and China. 

The Multrawheel scanner allows for more efficient inspections of composite
materials such as wind turbine blades and aerospace applications, as well as
metal structures like ship hulls. Both markets represent huge potential for
Elop.

The global market for wind turbines has exploded the last years, and more than
half a million wind turbines are now in operation globally.
In May this year, Elop Technology was awarded US patent for the Multrawheel
scanner.

"Scanning of composite materials and metals represent huge market potential for
us. We believe that we can make a significant impact in this industry - cutting
down inspection time, increasing quality, and making inspections more efficient,
accurate and safe", says Øivind Horpestad, CEO of Elop AS.

Elop Technology is currently in advanced discussions with market players that
want to co-develop the technology and bring it to market.

"These latest patents are important to us, as we see a lot of interest for this
technology. The Multrawheel will support the demand for green energy and zero
carbon emissions. Moreover, the wind turbine market and the predictive
maintenance market are in full expansion", says Horpestad.

The Multrawheel technology enables 10x faster inspections than any other known
methods used today. It scans the structure at higher speed while syncing the
abnormalities in real-time. This helps in finding errors on the spot with better
visuals.

Multrawheel was awarded seal of excellence by the European Investment Council
(EIC) for excellent ideas worthy of funding, in December 2021.

For further information, please contact: 
Øivind Horpestad, CEO, tel: +47 910 00 626
Emir Evlic, interim CEO of Elop Technology, tel: +47 926 48 838