1 March 2024 -HAV Group's ship design business has today signed a contract to design and develop four newbuild, autonomous zero-emission ferries that will operate the Lavik-Oppedal crossing on the northwest coast ofNorway . Reference is made to the stock exchange announcement dated18 October 2023 announcing thatFjord1 had committed to utiliseHAV Group as technology partner and key supplier to the four ferries. Under the contract signed today,HAV Group's ship design business will deliver ship design and an engineering package for all four autonomous ferries. "When these four ferries have been delivered, we will have designed 18 electrical ferries forFjord1 . While this is a notable number, the environmental and technological profile for these four newbuild ferries represent a major step into the future. Being allowed to design and develop such highly innovative ferries is a proud moment for us," says Jan Magne Goksøyr, vice president sales atHAV Group's ship design business. The ship design is based on a future-oriented operating concept that ferry operatorFjord1 has developed together withHAV Group . The ferries will be able to operate with autonomous navigation and a high degree of automation of vessel functions that replace manual operations on board and on land. Lavik-Oppedal is a ferry route that crosses the Sognefjord, on the northwest coast ofNorway , from Lavik in Høyanger municipality to Ytre Oppedal in Gulen municipality. The ferry crossing takes 20 minutes and the route is 5.6 kilometres long. Four newbuild zero emission ferries will operate the route from1 September 2026 onwards. "For a group that prides itself on being an enabler of green transition at sea, this contract is obviously a perfect strategic fit for us. We are still at the early adopter stage of autonomous sailing capabilities and automation of vessel functions, so this market is expected to grow considerably in the coming years and decades. This contract puts us in pole position to capitalize on this market growth," saysGunnar Larsen , CEO ofHAV Group ASA .HAV Group's contract party is HAV Design AS, which is headquartered in Fosnavåg,Norway . The vessels will be built at [name of shipyard inTurkey ] which is HAV Design's contract partner for the four newbuilds. Further,HAV Group has previously announced that its energy and smart control business is expected to act as system integrator and provide complete system deliveries for power system, automation and bridge, two onshore charging stations, and systems for automation of vessel functions and autonomous navigation. Information about additional contracts will be shared in due course. When all relevant agreements have been signed,HAV Group will indicate the total effect on the group's order book from these agreements. (ENDS) For further information, please contact:Gunnar Larsen , CEO gunnar.larsen@havgroup.no +47 901 05 694 AboutHAV Group | www.havgroup.noHAV Group and its subsidiaries (together: "HAV Group ") is an international provider of technology and services for maritime and marine industries.HAV Group has several decades of industry experience, in addition to special expertise in guiding the marine and maritime industries through the green shift and towards the goal of zero emissions.HAV Group ASA is listed on Euronext Growth under the ticker code HAV.
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