This soil stabilization technology offers enormous benefits in sectors such as sulphide soil management and road and rail construction projects. Stabilizing the soil in place eliminates the need to dig up and transport away valuable clay, which both reduces costs and saves natural resources.

"After a careful process of scanning the alternatives on the market, there was finally only Norditek left, which can now solve this with a soil stabilization that provides both the right properties on the soil and can maintain a sufficiently high production capacity without the plant becoming a big monster," says Andreas Pettersson, Norditek.

The mobile recycling plant gives PreZero a unique position in the market to handle masses that previously could not be reused. With a maximum capacity of 200 tons per hour, the plant is now a unique facility with high production capacity and flexibility.

As the recycling plant is mobile, PreZero can now offer on-site stabilization and reduce transport with negative environmental impact. As it will also be possible to use residual products such as burnt lime or ash in the stabilization process itself, it means that you now get a higher resource efficiency on other materials as well.

The mobile recycling plant for soil stabilization will be commissioned in early 2025.

Norditek works to make recycling easier and more efficient. From excavated material to production waste, construction waste and biofuels, it develops and offers flexible and efficient recycling facilities. Through innovation and systems thinking, it helps customers to maximize recycling rates, all the way from material samples to full-scale production, always with the goal of creating a more resource-efficient and circular future.

For further information, please contact

Andreas Pettersson

Sales, Mälardalen and Norrland

andreas.pettersson@norditek.se

073-413 98 20

"We are satisfied with what we see today and Andreas Pettersson at Norditek has been patient on this journey. It was already a year ago that we test drove the technology to see that it kept its promise. Norditek and its service partner delivered and we feel very satisfied so far and are now looking forward to starting production." says Tommy Johansson, Department Manager Material Recycling, Telge Återvinning.

Andreas Pettersson is responsible for Mälardalen at Norditek and has shown how Telge Återvinning can increase its capacity by investing in a new flexible solution.

"We test drove all their materials and saw that it worked in all weather conditions. The capacity and flexibility are hard to beat in this facility because you can both run a waste box and increase the capacity of operational waste, soil material, foundry sand, etc. and then easily switch to a rock box and to run tough materials such as rock and concrete." says Andreas Pettersson.

Telge Återvinning works to collect and process waste through economically and environmentally sustainable management. This involves household waste but also waste solutions for companies and industries. Together with Norditek, they now have the opportunity to increase the degree of processing of more materials and at the same time increase the capacity of their plant.

"Today we can't get enough capacity in the plant and that's why we chose to go out and look at new solutions. For example, Our topsoil production where we can increase capacity and the garden compost where we have had problems with plastic pollution, which we can address with this plant if we add the module windshifter. When we run stubble, together with Norditeks water bath (which is the option) we can get clean materials. Then we want to be able to start reusing excavated material more and we have Our foundry sand where we can now remove the metals because the new sorting plant is fully equipped with magnets. We also receive mixed construction and demolition waste, so there is simply a lot we can do now." says Tommy Johansson.

Norditek sees a clear trend among more waste owners here and is able to deliver everything from trainings to start-ups and aftermarket support.

"We see the trend that the waste owners themselves want to treat their material and there are our facilities that solve their problems. We test drive and help to get started with proper training for the various machines. We write service agreements and provide access to Our support and aftermarket to ensure that production is as good and efficient as possible," says Andreas Pettersson.

For more information, please contact

Philip Bergendahl
Marketing Manager, Norditek
philip.bergendahl@norditek.se

076-327 38 10 (http://tel:076-327 38 10)

Eric's tasks have been taken over by the existing organization in recent years through a structured approach together with Eric. The Nomination Committee will deal with the composition of the future Board before the Annual General Meeting in January 2024. 

"It has been an exciting journey to build the company from a small sales company to today being a market leader and listed on the stock exchange. I wish Norditek and the team good luck on its future journey. I will remain a shareholder and follow Norditek also in the future." says Eric.

"I look back on a great time with Eric. I would also like to thank you for your mentoring and knowledge sharing with our new colleagues, which made the handover of your tasks go very quickly. We wish you good luck in the future" says Daniel Carlberg, President and CEO, Norditek Group.

For further information, please contact

Daniel Carlberg, President and CEO, Norditek Group AB

daniel.carlberg@norditek.se

The following text related to the missing MAR label should have been included in the press release:

This information is information that Norditek Group AB is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact person set out below, on April 12, 2022.

Furthermore, the following text related to the lack of information about the Company's Certified Adviser should also have been included in the press release:

The shares in Norditek Group AB are traded on Nasdaq First North Growth Market. Certified Adviser is Partner Fondkommission AB with e-mail address info@partnerfk.se and telephone number +46 31 761 22 30.

For further information, please contact

Daniel Carlberg, President and CEO, Norditek Group AB

daniel.carlberg@norditek.se

070-219 04 91 

The quarterly report for Q1 published yesterday, January 31, 2022, contained incorrect information for the comparison period's EBITA and EBITA margin. This applies to EBITA and EBITA margin in the table on page 1 and 11 for the comparison period. The correct figures are EBITA 4,699 and EBITA margin 18.0%.

Read the corrected report in the attached pdf.

Norditek Group AB (publ) has decided to change the dates for the publication of the interim report for quarter 1 and quarter 3 for the financial year 2021/22. The interim report for quarter 1 was previously planned to be published on February 1, 2022, but is moved to publication on January 31, 2022. The interim report for quarter 3 was previously planned to be published on August 23, 2022, but is moved to July 29, 2022. These changes are made due to the regulations regarding the publication of interim reports.

For further information, please contact

Daniel Carlberg, CEO Norditek Group AB (publ)

E-mail daniel.carlberg@norditek.se

Phone (+46) 702 19 04 91

Norditek's Certified Adviser is Partner Fondkommission, info@partnerfk.se, 031-761 22 30.

About Norditek Group

Norditek Group is an environmental technology company focusing on mobile and flexible recycling facilities in the Waste, Gravel & Rock and Biomass segments. The company both develops and sells facilities through a well-proven offer that enables cost savings for its customers while contributing to a more circular society. During its more than twenty-year history, the company has built up a proven profitable business model with self-financed growth. The flexible business model enables recurring revenue by the Company offering the customer an individually customized concept solution where the customer can choose to first rent a concept and then buy it and can then receive parts of the rent paid. Through a constant focus on technical solutions in recycling, Norditek drives the transition to a more sustainable future.

Norditek Group AB (publ) ("Norditek" or the "Company") has today on November 9 been approved for admission to trading on Nasdaq First North Growth Market ("Nasdaq First North"). Norditek's share will begin trading on Nasdaq First North on Wednesday, November 10, 2021.

As previously announced, Norditek has completed the offer to the general public and institutional investors in Sweden to subscribe for shares in the Company corresponding to an amount of SEK 26 million. The offer was oversubscribed and in total the Company received almost 1,500 new shareholders. Nasdaq Stockholm AB has today, November 9, 2021, approved Norditek's application for admission to trading of the Company's shares on Nasdaq First North Growth Market. The first day of trading will be November 10, 2021.

The Norditek share will be traded under the ticker "NOTEK" with ISIN SE0016843486.

Advisor and Certified Adviser

Partner Fondkommission has acted as advisor and issuing institution in connection with the issue and will also act as Certified Adviser to Norditek. Advokatfirman Vinge has acted as legal advisor in connection with the issue.

For further information, please contact

Daniel Carlberg, CEO Norditek Group AB (publ)
E-postdaniel.carlberg@norditek.se
Phone (+46) 702 19 04 91

Norditek's Certified Adviser is Partner Fondkommission, info@partnerfk.se, 031-761 22 30.

About Norditek Group

Norditek Group is an environmental technology company focusing on mobile and flexible recycling facilities in the Waste, Gravel & Rock and Biomass segments. The company both develops and sells facilities through a well-proven offer that enables cost savings for its customers while contributing to a more circular society. During its more than twenty-year history, the company has built up a proven profitable business model with self-financed growth. The flexible business model enables recurring revenue by the Company offering the customer an individually customized concept solution where the customer can choose to first rent a concept and then buy it and can then receive parts of the rent paid. Through a constant focus on technical solutions in recycling, Norditek drives the transition to a more sustainable future.

The company description, teaser and application form are available on Norditek's (www.norditek.se) and Partner Fondkommission's (www.partnerfk.se) respective websites.

Reasons for the new issue

Norditek develops and sells mobile and flexible recycling facilities in the Waste, Gravel & Rock and Biomass segments. The recycling industry is growing stronger both in Sweden and in the EU as the amount of waste increases as a result of increased consumption. For several years, more and more policy instruments have been implemented to promote a circular economy with a focus on recycling, reuse and waste prevention. With increased demands for a more sustainable and circular economy, Norditek sees great potential in further developing its current offering.

A listing on Nasdaq First North Growth Market entails a strengthened financial position through new capital, which improves the possibilities of carrying out strategic acquisitions and financing the Company's future expansion. By extension, it also means that the Company can expand the current range and deliver new technology to the current customer base and initiate projects with new customer segments and in new markets. As a listed company, Norditek can also highlight the value growth that the Company is facing and increase interest in the Company among new groups of investors, media, potential employees and other stakeholders.

Summary of the offer

- The Offer is made at a subscription price of SEK 11 per share.
- The size of the Offer amounts to SEK 26 million, based on the subscription price and the existing number of shares, the company is valued at SEK 110 million before the Offer.
- In connection with the Offer, unsecured subscription commitments of SEK 17 million have been obtained, corresponding to approximately 65 percent of the Offer.
- The subscription period is October 18-29, 2021. The outcome of the Offering is planned to be announced on November 2, 2021, the estimated settlement date is November 4, 2021 and the preliminary first day of trading is estimated to be November 10, 2021.

Chairman of the Board Göran Nordlund comments

"Norditek Group has all the epithets that I consider a good foundation for a future success journey; a fantastic entrepreneurial team, a profitable and historically proven business model and a credible growth agenda for many years to come. The fact that Norditek Group also works for a more circular society makes an investment in the Company even more exciting and inspiring."

TIMETABLE
Subscription period: October 18-29, 2021
Publication of outcome: November 2, 2021
Settlement date: November 4, 2021
Preliminary first day of trading: November 10, 2021

COMPANY DESCRIPTION AND APPLICATION FORM
Company description with complete terms and conditions and instructions are available on the Company's website www.norditek.sesamt on Partner Fondkommission's website www.partnerfk.se (https://corporate.vertiseit.se/mfn_news/vertiseit-offentliggor-prospekt-teckningsperioden-inleds/partnerfk.se) where application forms and other information about the Offer will also be available from October 18, 2021.

ADVISORS
Financial advisor to the Company in connection with the Offer is Partner Fondkommission. Advokatfirman Vinge has acted as legal advisor to the Company in connection with the Offer.

For further information about Norditek, please contact:

Daniel Carlberg, CEO Norditek Group AB (publ)
E-postdaniel.carlberg@norditek.se
Phone (+46) 702 19 04 91

About Norditek
Norditek is an environmental technology company focusing on mobile and flexible recycling facilities in the waste, gravel and rock and biomass segments. The company both develops and sells facilities through a well-proven offer that enables cost savings for its customers while contributing to a more circular society. During its more than twenty-year history, the company has built up a proven profitable business model with self-financed growth. The flexible business model enables recurring revenue by the Company offering the customer an individually adapted concept solution where the customer can choose to first rent a concept and then buy it and can then receive parts of the rent paid. Through a constant focus on technical solutions in recycling, Norditek drives the transition to a more sustainable future.

IMPORTANT INFORMATION
This press release does not constitute an offer to sell or buy Norditek Group AB (publ) securities in any jurisdiction where such offer would be unlawful. Copies of this press release will not be made and may not be distributed or sent into the United States, Australia, Canada, Japan or any other jurisdiction where such distribution would be unlawful or require registration or other measures. In any member state of the European Economic Area ("EEA"), other than Sweden, that has implemented Directive 2003/71/EC as amended (together with any applicable implementing measures in such member state, the "Prospectus Directive"), this press release is only addressed to investors in such EEA member state who fulfill the criteria for exemption from the obligation to draw up a prospectus, including qualified investors, within the meaning of the Prospectus Directive, as implemented in each such member state.
This press release and the information contained in this press release may not be distributed in or into the United States. This press release does not constitute an offer to sell or buy securities in the United States. The securities referred to herein have not been and will not be registered under the United States Securities Act of 1933, as amended (the "Securities Act"), and may not be offered or sold within the United States absent registration, an applicable exemption from, or in a transaction not subject to, registration under the Securities Act. No offer will be made to the public in the United States to acquire the securities referred to herein.

Furthermore, the securities referred to in this press release have not been and will not be registered under any applicable securities laws in Australia, Japan or Canada and, subject to certain exceptions, may not be offered or sold to or within, or for the account or benefit of, any person resident or located in Australia, Japan or Canada. No offer will be made to the public in Australia, Japan or Canada to acquire the securities referred to in this press release.
Any offer to subscribe for or purchase securities referred to in this press release will be made by means of a prospectus to be provided by the Company, which will contain detailed information about the Company and its management, as well as financial reports. This press release constitutes advertising and is not a prospectus for the purposes of the Prospectus Directive. Investors should not acquire any securities referred to in this press release except on the basis of information contained in a prospectus.

FORWARD-LOOKING INFORMATION
This press release may contain forward-looking statements. Such statements are all statements that do not relate to historical facts and may include words such as "believes", "expects", "anticipates", "intends", "may", "plans", "estimates", "will", "should", "could", "seeks" and "may", as well as their negatives and similar expressions. The forward-looking information in this press release is based on various estimates and assumptions, which in several cases are based on additional assumptions. Although the Company believes that these assumptions were reasonable when made, such forward-looking information is subject to significant known and unknown risks, uncertainties, contingencies and other important factors that are difficult or impossible to predict and are beyond the Company's control. Such risks, uncertainties, contingencies and other important factors could cause actual events to differ materially from the expectations expressed or implied in this press release by the forward-looking information. The Company does not guarantee that the assumptions underlying the forward-looking information in this press release are correct. Furthermore, the Company assumes no responsibility for the future accuracy of the opinions expressed herein or for updating or revising statements in this press release to conform to actual events or developments. Undue reliance should not be placed on the forward-looking information in this press release.
Information, opinions and forward-looking statements in this press release are made only as of this date, and are subject to change without notice. The Company does not undertake any obligation to review, update, confirm or announce any revisions to any forward-looking information to reflect events that occur or circumstances that arise in relation to the content of this announcement.

Norditek Group today publishes a Company Description due to the Board of Directors' decision to carry out a new share issue and shareholder distribution (the "Offering") and apply for listing of the Company's shares on Nasdaq First North Growth Market. The Offering amounts to SEK 26 million corresponding to 2,365,000 shares. In connection with the issue, subscription commitments corresponding to SEK 17 million have been obtained from both existing and new investors. The subscription period runs from October 18-29, 2021, and the first day of trading is expected to be November 10, 2021. On October 12, 2021, Nasdaq Stockholm AB announced that the Company meets the listing requirements of Nasdaq First North Growth Market, provided that customary conditions, including the distribution requirement for the Company's shares, are met no later than on the listing date.

Norditek Group is an environmental technology company focusing on mobile and flexible recycling facilities in the Waste, Gravel and Rock and Biomass segments. The company both develops and sells facilities through a well-proven offer that enables cost savings for its customers while contributing to a more circular society. During its more than twenty-year history, the company has built up a proven profitable business model with self-financed growth. The flexible business model enables recurring revenue by the Company offering the customer an individually customized concept solution where the customer can choose to first rent a concept and then buy it and can then receive parts of the paid rent. Through a constant focus on technical solutions in recycling, Norditek drives the transition to a more sustainable future.

BACKGROUND TO THE OFFER

The recycling industry is growing stronger both in Sweden and in the EU as the amount of waste increases as a result of increased consumption. For several years, more and more policies have been implemented to promote a circular economy with a focus on recycling, reuse and waste prevention. With increased demands for a more sustainable and circular economy, Norditek sees great potential in further developing its current offering. A listing on Nasdaq First North Growth Market means a strengthened financial position through new capital, which improves the opportunities to carry out strategic acquisitions and finance the Company's future expansion. By extension, it also means that the Company can expand the current range and deliver new technology to the current customer base and initiate projects with new customer segments and in new markets. As a listed company, Norditek can also highlight the value growth that the Company is facing and increase interest in the Company among new groups of investors, media, potential employees and other stakeholders.

"Norditek Group has all the epithets that I consider a good foundation for a future success journey; a fantastic entrepreneurial team, a profitable and historically proven business model and a credible growth agenda for many years to come. The fact that Norditek Group also works for a more circular society makes an investment in the Company even more exciting and inspiring" says Göran Nordlund, Chairman of the Board of Norditek Group.

THE OFFER IN BRIEF AND USE OF PROCEEDS FROM THE ISSUE

- The offer comprises a maximum of 2 365 000 shares
- The Offer is made at a fixed price of SEK 11 per share.
- The size of the Offer amounts to SEK 26 million, based on the subscription price and existing number of shares, the Company is valued at SEK 110 million before the Offer.
- In connection with the Offering, unsecured subscription commitments of approximately SEK 17 million have been obtained, corresponding to approximately 65 percent of the Offering.
- The subscription period is October 18-29, 2021. The outcome of the Offering is planned to be announced on November 2, 2021, the estimated settlement date is November 4, 2021 and the preliminary first day of trading is estimated to be November 10, 2021.

If the Offer is fully subscribed, the Company will receive approximately SEK 26 million before issue costs, which are estimated to amount to approximately SEK 2.2 million. The Company intends to use the net proceeds from the Offering to;

- Acquisitions. The Company has identified a number of potential acquisitions and acquisition areas. There are two strategic categories of acquisitions that the company is focusing on, broadening the service offering through further integration of the value chain, and broadening the company's geographical presence.

- Working capital. The new capital will be used to expand the company's lease purchase business, which will contribute to increased sales and increasing margins. The lease purchase business is an important and unique part of the company's sales process and contributes to the high margins the company has been able to show historically.

- Product development. Norditek's range of proprietary products will be further developed. The company is currently developing a new concept that includes new proprietary products developed in collaboration with the company's partners.

- Internationalization. Export markets have begun to demand Norditek's own products, as there is no other player who has manufactured similar products today. This opens up the possibility of selling our own products on an international market as pure product sales.

Lock-up agreements

The Principal Owners have undertaken not to sell any shares in Norditek Group for a period of up to 36 months from the day the Company's shares start trading on Nasdaq First North Growth Market. This lock-up agreement covers the main owners' existing shareholdings.

TIMETABLE
Subscription period: October 18-29, 2021
Publication of outcome: November 2, 2021
Settlement date: November 4, 2021
Preliminary first day of trading: November 10, 2021

COMPANY DESCRIPTION AND APPLICATION FORM
Company description with complete terms and conditions and instructions are available from today on the Company's website www.norditek.se and on Partner Fondkommission's website www.partnerfk.se (https://corporate.vertiseit.se/mfn_news/vertiseit-offentliggor-prospekt-teckningsperioden-inleds/partnerfk.se) where application forms and other information about the Offer will also be available from October 18, 2021.

ADVISORS
Financial advisor to the Company in connection with the Offer is Partner Fondkommission. Advokatfirman Vinge has acted as legal advisor to the Company in connection with the Offer.

For further information about Norditek, please contact:

Daniel Carlberg, CEO Norditek Group AB (publ)
E-mail daniel.carlberg@norditek.se
Phone (+46) 702 19 04 91

About Norditek
Norditek is an environmental technology company focusing on mobile and flexible recycling facilities in the Waste, Gravel and Rock and Biomass segments. The company both develops and sells facilities through a well-proven offer that enables cost savings for its customers while contributing to a more circular society. During its more than twenty-year history, the company has built up a proven profitable business model with self-financed growth. The flexible business model enables recurring revenue by the Company offering the customer an individually customized concept solution where the customer can choose to first rent a concept and then buy it and can then receive parts of the paid rent. Through a constant focus on technical solutions in recycling, Norditek drives the transition to a more sustainable future.

IMPORTANT INFORMATION
This press release does not constitute an offer to sell or buy Norditek Group AB (publ) securities in any jurisdiction where such offer would be unlawful. Copies of this press release will not be made and may not be distributed or sent into the United States, Australia, Canada, Japan or any other jurisdiction where such distribution would be unlawful or require registration or other measures. In any member state of the European Economic Area ("EEA"), other than Sweden, that has implemented Directive 2003/71/EC as amended (together with any applicable implementing measures in such member state, the "Prospectus Directive"), this press release is only addressed to investors in such EEA member state who fulfill the criteria for exemption from the obligation to draw up a prospectus, including qualified investors, within the meaning of the Prospectus Directive, as implemented in each such member state.
This press release and the information contained in this press release may not be distributed in or into the United States. This press release does not constitute an offer to sell or buy securities in the United States. The securities referred to herein have not been and will not be registered under the United States Securities Act of 1933, as amended (the "Securities Act"), and may not be offered or sold within the United States absent registration, an applicable exemption from, or in a transaction not subject to, registration under the Securities Act. No offer will be made to the public in the United States to acquire the securities referred to herein.

Furthermore, the securities referred to in this press release have not been and will not be registered under any applicable securities laws in Australia, Japan or Canada and, subject to certain exceptions, may not be offered or sold to or within, or for the account or benefit of, any person resident or located in Australia, Japan or Canada. No offer will be made to the public in Australia, Japan or Canada to acquire the securities referred to in this press release.
Any offer to subscribe for or purchase securities referred to in this press release will be made by means of a prospectus to be provided by the Company, which will contain detailed information about the Company and its management, as well as financial reports. This press release constitutes advertising and is not a prospectus for the purposes of the Prospectus Directive. Investors should not acquire any securities referred to in this press release except on the basis of information contained in a prospectus.

FORWARD-LOOKING INFORMATION
This press release may contain forward-looking statements. Such statements are all statements that do not relate to historical facts and may include words such as "believes", "expects", "anticipates", "intends", "may", "plans", "estimates", "will", "should", "could", "seeks" and "may", as well as their negatives and similar expressions. The forward-looking information in this press release is based on various estimates and assumptions, which in several cases are based on additional assumptions. Although the Company believes that these assumptions were reasonable when made, such forward-looking information is subject to significant known and unknown risks, uncertainties, contingencies and other important factors that are difficult or impossible to predict and are beyond the Company's control. Such risks, uncertainties, contingencies and other important factors could cause actual events to differ materially from the expectations expressed or implied in this press release by the forward-looking information. The Company does not guarantee that the assumptions underlying the forward-looking information in this press release are correct. Furthermore, the Company assumes no responsibility for the future accuracy of the opinions expressed herein or for updating or revising statements in this press release to conform to actual events or developments. Undue reliance should not be placed on the forward-looking information in this press release.
Information, opinions and forward-looking statements in this press release are made only as of this date, and are subject to change without notice. The Company does not undertake any obligation to review, update, confirm or announce any revisions to any forward-looking information to reflect events that occur or circumstances that arise in relation to the content of this announcement.