Saga Pure ASA: Acquires Hyon

(Oslo, 29 June 2021) Saga Pure ASA (Saga, OSE: SAGA) today announces the acquisition of Hyon AS (Hyon) from former owners, amongst them, PowerCell Sweden AB. Hyon has a strong position within maritime hydrogen solutions and will mainly focus on developing hydrogen and bunkering solutions for harbors going forward.

“Sustainability is at the top of the agenda within the maritime sector, and hydrogen will play an important role in the future, maritime fuel mix. An entirely new value chain needs to be developed, and a key part of that is transferring hydrogen from the harbors to the vessels. Hyon is currently developing solutions for production and fueling of hydrogen ships and we look forward to be an active part of the further development of these solutions,” says Bjørn Simonsen, CEO of Saga Pure.

Hyon has built a strong position within hydrogen energy solutions for the maritime sector since 2017. The main priority for Hyon going forward will be the further development and commercialization of the hydrogen and bunkering solution for harbors. The parties have decided not to disclose the value of the transaction.

ENDS

For additional information, please contact:

Bjørn Simonsen, CEO, +47 971 79 821

Espen Lundaas, CFO, +47 924 31 417

About Saga Pure ASA | www.sagapure.com

Saga Pure ASA is an investment company focusing on opportunities within renewable energy, hydrogen, circular economy and CO2-reduction.