Wacker Chemicals Norway AS has signed an EPC contract with Goodtech for the
technical expansion of the power supply infrastructure of the company's site in
Holla. Securing high voltage power supply for the industry is part of Goodtech's
strategic core.The contract value is a high double-digit million NOK sum. The
project will start spring 2024 and completion planned towards the end of 2025.

In 2010, the WACKER Group acquired the silicon metal plant in Holla, Norway,
which is operated by the company's subsidiary Wacker Chemicals Norway AS.
Metallurgical-grade silicon is one of the group's most important raw materials
and is needed to produce silicones and hyperpure polycrystalline silicon. WACKER
is a globally active chemical group headquartered in Munich, Germany. With a
wide range of state-of-the-art specialty products, the company is a leader in
numerous fields and industries. Its products are required in countless
high-growth end-user sectors, such as photovoltaics, electronics,
pharmaceuticals and household/personal-care products.

Goodtech will provide all high voltage equipment and infrastructure needed for
future power supply increases of the production site. The project allows WACKER
to expand the overall production capacity at its plant in Holla long-term. The
project involves engineering, procurement and construction of the new power
substation, including expansion of the existing control and protection system,
together with a new 22kV capacitor bank for stabilizing the power.

CEO Margrethe Hauge further emphasizes:

"Goodtech and the technology leader Wacker Chemicals have done several exiting
projects together , and we are pleased to continue this partnership in Holla, a
production site we know very well".

For more information, please contact:

Margrethe Hauge, CEO Goodtech ASA
Phone: +47 957 96 920
Email: Margrethe.hauge@goodtech.no 

Øyvind Osjord, CFO Goodtech ASA
Phone: +47 950 46 649
Email: oyvind.osjord@goodtech.no