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21st Austria weekly - Palfinger Wolftank Immofinanz/S Immo Valneva Andritz 26/10/2023 [pic1]Palfinger: As Palfinger constantly drives forward towards the digitalization of its entire product offering and value chain technology company has reached a significant milestone in commitment to revolutionize maritime industry. Together with Aker BP Optilift future handling cargo will be changed significantly. Under umbrella this strategic partnership collaborate co-develop integrate Optilift's advanced into control systems offshore cranes. This collaboration continue through qualification process until is market-ready coinciding commencement production at installations 2027. In addition crane market agreement also secures exclusivities for all products marine industry where see wealth opportunities. Combining technologies both companies create synergies generate further market leading solutions. Furthermore have opportunity explore joint business cases respect Palfinger's serially produced units on land-based applications thereby significantly scaling their technology. Palfinger’s contract includes delivering seven cranes platforms five which fully remote operated from an onshore room Stavanger

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