Nel ASA: Awarded Orders over $2.3 Million for U.S. and U.K. Navy Electrolyzer Stacks

OSLO–(BUSINESS WIRE)–#Electrolyzer–Proton OnSite (Proton), the U.S. subsidiary of Nel ASA (Nel,
OSE:NEL), has received combined purchase orders for electrolyzer cell
stacks from United Technologies Aerospace Systems (UTAS) for the U.S.
and U.K. submarine fleets, at a value of more than $2.34 million. The
electrolyzer stacks produce critical life support oxygen for Navy crews
on multiple classes of nuclear powered submarines and will be delivered
under an exclusive contract.

“We are very proud to work with our partner UTAS and the Navy customers
for our cell stacks. These new orders demonstrate the continuing success
of our world class manufacturing and quality systems, as well as the
robustness of our industry leading PEM technology that is delivering
mission critical oxygen to the sailors onboard these Navy submarine
fleets,” says Steve Szymanski, Director Project and Government Business
Development for Nel.

The purchase orders, valued at more than $2.3 million, will be part of
an exclusive contract with UTAS, and follows Proton’s long history of
supplying PEM electrolyzer stacks for the production of critical life
sustaining oxygen on board Navy submarines for over a decade. The cell
stack technology jointly developed by Proton and UTAS for their Navy
customers has also been integrated into commercial electrolyzers under
Proton’s C Series® product line.

“The Navy acquisition community is now exclusively buying PEM stacks for
oxygen production on submarines, based on its long track record of
reliability and performance, and Nel is now the world’s leading supplier
of PEM technology for this application. Furthermore, the military
heritage and performance of these cell stacks assures customers receive
unparalleled reliability and durability for their commercial
electrolyzer applications,” says Steve.

For additional information on Proton’s C Series Stacks, click
here.

Contacts

Nel ASA
Christopher Van Name, +1-914-299-0492
Director
of Corporate Marketing
or
Bjørn Simonsen, +47-971-79-821
VP
Market Development and Public Relations