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Lamor Corporation Plc       Company release, inside information   20 July 2022 at 3:20 p.m. EEST

The governmental authority of Bangladesh has chosen Lamor to deliver solutions for oil spill response and waste management in Bangladesh

The governmental authority of Bangladesh, Cabinet Committee on Government Purchase (CCGP), has today approved three tenders provided by Lamor to deliver projects for Mongla Port Authority (MPA) aiming to increase the preparedness for oil spill response and the level of waste management in the Mongla Port in Bangladesh. The total value of these three equipment projects is approximately EUR 25 million.

The first project is for oil spill response vessels, including oil spill response equipment ready for rapid response. The second project contains Bangladesh’ first-ever port reception facility to handle and process various waste from vessels. The third project is for a technically advanced, 24-metre-long MARPOL collection vessel.

The projects are estimated to be awarded, contracts signed, and the projects added in the order backlog during the third quarter of 2022. The projects are estimated to be delivered within 18 months of the signing of the contracts, and major part of the revenue will be recognised for 2023.

Further enquiries

Mika Pirneskoski, CEO, Lamor Corporation Plc, tel. +358 40 757 2151

Certified adviser

Danske Bank A/S, Finland Branch, tel. +358 50 590 7667

Lamor in brief

Lamor is one of the leading global providers of environmental solutions. Lamor provides its customers with equipment used for oil recovery, waste management and water treatment as well as versatile environmental solutions and services, such as clean-up and preparedness services related to oil spill response and oil spills, services for the treatment of waste and tailored and adapted water treatment solutions. Lamor operates together with its local partners, offering a wide selection of solutions, which can be tailored according to the needs of each customer, and aiming to clean the world, for which the company has worked since its incorporation. The company's share is listed on the Nasdaq First North Premier Growth Market Finland marketplace maintained by Nasdaq Helsinki under the trading code LAMOR. Further information: www.lamor.com