Goodtech ASA announced the sale of Goodtech Solutions AB to Lazarus
Industriförvaltning AB on 10th of February 2025. Goodtech ASA has today, 25
March 2025, become aware that Goodtech Solutions AB has been registered as
insolvent with the Swedish register of business enterprises (Bolagsverket).
Goodtech Solutions AB has issued three bank guarantees to customers for related
projects totaling 17 MSEK, where the issuing bank has security with Goodtech
ASA. The bank guarantees have staggered expiration dates of 31 March 2025, 30
June 2025, and 15 September 2025. The insolvency is expected to affect Goodtech
Solutions AB's ability to complete the projects. Lazarus Industriförvaltning AB
has an obligation pursuant to the sales agreement to ensure that Goodtech
Solutions AB uses its best efforts and reasonable measures to complete the
projects related to the bank guarantees. As of today, 25 March 2025, Goodtech
ASA has not received any such claims related to the guarantees.
For media inquiries, please contact:
Margrethe Hauge, CEO Goodtech ASA
Phone: +47 957 96 920
Email: Margrethe.hauge@goodtech.no
Anders Engelsen, CFO Goodtech ASA
Phone: +47 932 07 901
Email: anders.engelsen@goodtech.no
IMPORTANT INFORMATION
This information is considered to be inside information pursuant to the EU
Market Abuse Regulation (MAR) and is subject to the disclosure requirements
pursuant to Section 5-12 the Norwegian Securities Trading Act. The stock
exchange announcement was published by Anders Engelsen, CFO, Goodtech ASA, at
the time and date stated above in this announcement.
This release contains forward-looking information and statements relating to the
business, performance, and matters that may impact the results of the group.
Forward-looking statements are statements that are not historical facts and may
be identified by words such as "aims," "anticipates," "believes," "estimates,"
"expects," "foresees," "intends," "plans," "predicts," "projects," "targets,"
"potential," and similar expressions. Such forward-looking statements are based
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statements are not guarantees of any future performance, and risks,
uncertainties, and other important factors could cause the actual business,
performance, results, or the industry and markets in which the group operates to
differ materially from the statements expressed or implied in this release by
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forward-looking statements or forecasts will come to pass or that any forecasted
performance, capacities, or results will be achieved, and you are cautioned not
to place any undue reliance on any forward-looking statements.
This release is for information purposes only and is not to be relied upon in
substitution for the exercise of independent judgment. It is not intended as
investment advice and under no circumstances is it to be used or considered as
an offer to sell, or a solicitation of an offer to buy any securities or a
recommendation to buy or sell any securities of the group.