28.11.2023 09:00:01 CET | Tekna Holding ASA | Non-regulatory press releases

(Arendal, NORWAY / Sherbrooke QC, CANADA) Tekna Holding ASA (Tekna, OSE: TEKNA),
a world-leading provider of advanced material solutions to industry, today
announces an amendment to the contribution agreement with the Canadian Federal
Government Strategic Innovation Fund (SIF) program initially announced on June
28th, 2018.

"This amendment is a significant milestone, confirming Tekna's position as an
industry leader. The extended support and enhanced financial framework under the
SIF program are instrumental in driving forward our strategic initiatives. We
are committed to leveraging this opportunity to further our technological
advancements and market leadership," says Luc Dionne, CEO of Tekna Holding ASA.

Tekna Holding ASA's contribution agreement with the Canadian Federal
Government's Strategic Innovation Fund, initially announced on June 28, 2018,
has now been amended and extended to March 31, 2027. Under the terms of this
amendment, the maximum amount to be disbursed by the Canadian Federal Government
remains unchanged at CAD 20 million. To date, CAD 6.6 million has been
disbursed.

The SIF program aims to stimulate high-quality business investments across
various sectors. It supports R&D initiatives that enhance technology transfer,
commercialization of innovative products, services, and processes, and
encourages the growth of innovative firms.

"The SIF's contribution has been pivotal in our growth journey. The amended
terms not only provide us with additional financial flexibility but also affirm
the value of our ongoing projects. We are grateful for the support of
Innovation, Science, and Economic Development Canada (ISED) throughout the
amendment process. This collaboration is a testament to our commitment to
innovation and sustainable development in the advanced materials sector," says
Espen Schie, CFO of Tekna Holding ASA. 

DISCLOSURE REGULATION

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

CONTACTS

 * Arina Van Oost, Investor Relations | VP Corporate Strategic Development &
   Innovation, Tekna Holding ASA, +14388856330, +33670115190,
   investors@tekna.com 

ABOUT TEKNA HOLDING ASA

Tekna is a world-leading provider of advanced materials to industry,
headquartered in Sherbrooke, Canada.

Tekna produces high-purity metal powders for applications such as 3D printing in
the aerospace, medical and automotive sectors, as well as optimized induction
plasma systems for industrial research and production. With its unique,
IP-protected plasma technology, the company is well positioned in the growing
market for advanced nanomaterials within the electronics and batteries
industries.

Building on 30 years of delivering excellence, Tekna is a global player
recognized for its quality products and its commitment to its large base of
multinational blue-chip customers. Tekna's powder products increase productivity
and enable more efficient use of materials, thereby paving the way towards a
more resilient supply chain and circular economy.

https://www.tekna.com



ATTACHMENTS

Download announcement as PDF.pdf -
https://kommunikasjon.ntb.no/ir-files/17847682/2763/3882/Download%20announcement
%20as%20PDF.pdf