Nordic Technology Group (NTG) Company Profile

Background

Nordic Technology Group AS (NTG) is a Norway-based industrial technology company dedicated to introducing groundbreaking and disruptive technology solutions in high-growth markets. The company focuses on three primary business areas: Sensor Technology, Nanomaterials Technology, and Clean Technology. NTG's mission is to address societal challenges by leveraging electronics and software as foundational elements, aiming to create new industrial ventures that benefit people, businesses, and society.

Key Strategic Focus

NTG's strategic focus centers on enabling international growth for its technology companies by:

• Owning and protecting intellectual properties through patents and know-how.

• Holding patented technology within fast-growing sectors.

• Possessing strong expertise and competence within global sales and marketing.

• Offering an extensive network of highly experienced executives with strong track records.

By uniting innovative tech companies under experienced management, NTG aims to scale each company efficiently, leveraging synergies across its technology sectors.

Financials and Funding

As of the fiscal year ending December 2023, NTG reported the following sales figures:

• Clean Technology: NOK 20.2 million

• Sensor Technology: NOK 6.77 million

• Nanomaterials Technology: NOK 342,000

Geographically, the sales distribution was:

• Norway: NOK 20.2 million

• Other Countries: NOK 6.77 million

• Europe: NOK 342,000

The company is publicly listed on the Oslo Børs under the ticker symbol NTG.

Pipeline Development

NTG's subsidiaries are actively engaged in developing and deploying innovative technologies:

• Hammertech AS: Successfully completed the ADNOC prequalification process for the AquaField Water Cut Meter, now approved in the ADNOC Commercial Directory under Product Group PG 340422.

• MossHydro AS: Secured a NOK 3.9 million commercial lease contract with C-Feed for the delivery of ultra-filtered water for marine food production, covering the period from 2025 to 2028.

• CondAlign: Successfully secured a convertible loan of NOK 9.6 million to support its ongoing development initiatives.

Technological Platform and Innovation

NTG's technological innovation is driven by its subsidiaries:

• Hammertech AS: Developed the AquaField Water Cut Meter, a sensor technology for measuring water content in oil production.

• MossHydro AS: Offers cutting-edge filtration solutions for water purification.

• CondAlign: Specializes in nanomaterials technology, enabling breakthrough products through tailor-made conductive films.

These proprietary technologies are protected through patents and know-how, providing NTG with competitive advantages in their respective markets.

Leadership Team

NTG's leadership comprises experienced professionals:

• Leif Rune Rinnan: Chief Executive Officer since December 31, 2020.

• Sverre Kolbjørn Slåttsveen: Director of Finance/CFO since December 31, 2021.

• Henrik August Christensen: Chairman of the Board since December 31, 2021.

• Konstantinos Koutsoumpelis: Director/Board Member since December 31, 2021.

• Georg Johan Espe: Director/Board Member since December 31, 2021.

• Camilla Amundsen: Director/Board Member.

Leadership Changes

As of the latest available information, there have been no recent significant changes or appointments within NTG's leadership team.

Competitor Profile

Market Insights and Dynamics

NTG operates in high-growth sectors, including sensor technology, nanomaterials, and clean technology. The global demand for innovative solutions in these areas is driven by the need for sustainable and efficient technologies across various industries.

Competitor Analysis

Key competitors in NTG's sectors include:

• Hexagon AB: A multinational industrial technology company specializing in measurement and positioning systems, with revenues of €5.2 billion in 2022.

• Addtech AB: A Swedish technical solutions group with approximately 140 subsidiaries, focusing on high-tech products and solutions, reporting revenues of SEK 14 billion in the 2021/2022 fiscal year.

• Itera ASA: A Scandinavian group of consultancy companies providing internet-based services, with revenues of NOK 633 million in 2021.

Strategic Collaborations and Partnerships

NTG's subsidiaries have engaged in significant collaborations:

• CondAlign: Partnered with Tapecon as the E-Align reseller in the US and Canada.

• MossHydro AS: Secured a NOK 2 million contract for a filtration system upgrade in Norway.

Operational Insights

NTG's strategic considerations include:

• Market Position: Leveraging patented technologies to establish a strong foothold in sensor, nanomaterials, and clean technology sectors.

• Competitive Advantages: Utilizing a network of experienced executives and a focus on international growth to differentiate from competitors.

Strategic Opportunities and Future Directions

NTG's strategic roadmap includes:

• Expansion: Targeting international markets to scale subsidiaries efficiently.

• Innovation: Continuing to develop and protect proprietary technologies to maintain competitive advantages.

• Sustainability: Investing in technologies that contribute to solving societal challenges, aligning with global sustainability trends.

Contact Information

• Website: www.nordictechnologygroup.no

For further inquiries, please visit the company's official website.