Soiltech ASA (OSE: STECH)
Sandnes, Norway, 17 December 2024


Soiltech ASA announces the establishment of a strategic partnership with
Estedama Environmental Solutions Co. in Saudi Arabia. Estedama is a leading
contributor to Saudi Arabia's circular economy and industrial waste management
efforts, in line with Saudi's Vision 2030 and its objective to achieve
environmental sustainability. Estedama treats and recycles industrial waste and
provides comprehensive environmental, consulting and industrial services. 

"By combining Soiltech's innovative and market leading waste management
technologies with Estedama's strong position in the Oil & Gas industry in the
Kingdom of Saudi Arabia, we will be able to offer a complete range of
sustainable waste management services in the Kingdom. We are excited about the
future opportunities this collaboration may bring", says Jan Erik Tveteraas,
Soiltech's CEO.

"With this partnership, we aim to support Saudi Arabia's circular economy and
adhere to The Kingdom's initiatives to protect the environment using advanced
internationally accepted technologies and practices that maximize drilling and
offshore waste recycling to recover valuable materials for reuse. Additionally,
our technology will align with the National Center for Waste Management (MWAN)
targets for the national landfill diversion and environmental conservation
measures". says Faleh Aldossary, Estedama's General Manager 


About Estedama
Estedama Environmental Solutions Co. (www.estedama.com.sa) is a leading
environmental service provider in Saudi Arabia. Established in 2015, Estedama
provides turnkey solutions and individual services, including Industrial waste
management, Industrial waste recycling, environmental services and Industrial
services to the Oil & Gas and Petrochemical industries. Estedama is
headquartered in Al Khobar, Kingdom of Saudia Arabia.


About Soiltech
Soiltech ASA (www.soiltech.no) is an innovative technology company specializing
in the treatment, recycling and sustainable handling of contaminated water and
solid waste on site. Soiltech's technologies enable cost savings and lower CO2
emissions through waste reduction, waste recovery and reuse. Soiltech operates
world-wide and is headquartered in Norway. 

This information is subject to the disclosure requirements pursuant to Section
5-12 the Norwegian Securities Trading Act.

Contact:

Tove Vestlie, CFO Telephone: (+47) 90 69 06 48
Jan Erik Tveteraas, CEO Telephone: (+47) 95 21 49 25