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16/05-2019 10:12:47: (ENDUR) Endúr Sjøsterk AS awarded contract from GIFAS on construction turnkey feed barge

Endúr Sjøsterk AS has been awarded a contract with Gildeskål Research Centre
(GIFAS) for the construction of a turn-key concrete feed barge for delivery in
Q1 2020. The feed barge will have a total load capacity of a total of 700 metric
tonnes, and includes a modern accommodation and office module intended for 24/7
operation.

Gildeskål Research Station (GIFAS) is a privately owned aquaculture station
based in Gildeskål in Nordland, Norway. GIFAS conducts research projects within
biological and technological issues, both on a small scale as well as full
commercial scale.

"GIFAS is an important customer for Endúr Sjøsterk. We see exciting
opportunities when delivering to a recognized aquaculture environment known for
emphasizing the interactions between R&D and industrial innovation. This barge
will be prepared for future solutions, providing GIFAS with great flexibility
for many decades to come", says managing director Øyvind Risnes in Endúr
Sjøsterk.

The contract with GIFAS is the second turn-key feed barge contract which Endur
Sjøsterk has been awarded during Q2 in 2019.  The company now has an order book
that ensures more than a doubling of the turnover in 2019 compared to previous
year, as well as generating activity throughout the coming three quarters.

Endúr Sjøsterk AS is a wholly-owned subsidiary of stock listed Endúr ASA, a
Norwegian industrial group with clear ambitions for further growth within the
three market areas aquaculture, maritime service and energy. Endúr Sjøsterk AS
collaborates with its sister companies on exploiting the Group's extensive
experience from complex maritime productions, both from offshore installations
and on the ship's side. This competence is considered important in the company's
efforts to further develop future-oriented feed barges and service barges
constructed in concrete.

Contact person:
Øyvind Risnes, Managing Director of Endúr Sjøsterk, telephone +47 480 48 561

This information is disclosed in accordance with the requirements of Continuing
Obligations.

Ekstern link: https://newsweb.oslobors.no/message/477199

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