Goodtech and Hokuren Federation of Agricultural Cooperatives have signed a new
5-year supply contract for its PORTABULK® technology, packaging products and
services to Japan. 

This agreement represents the latest renewal of a fruitful cooperation
stretching back almost 30 years. The cooperation has typically yielded annual
revenues in excess of 2 MUSD for Goodtech AS - which is expected to continue in
a similar manner for the upcoming 5 years. 

The Hokuren Federation of Agricultural Cooperatives is headquartered in Sapporo,
on the island of Hokkaido - Japan's predominant agricultural area. The company
is a leading supplier of high-quality agricultural products and services to this
segment in Japan, and Hokkaido - with its fertile land and nutrient-rich
sea-scape, leads the country in the production of rice and fish while also
sharing the lead in vegetable farming. 

For the execution of the contract deliveries, Goodtech AS cooperates very
closely with its local Japanese representative - Mitsubishi Shoji Agri-Service
Corporation. 

Margrethe Hauge, CEO at Goodtech, underpins the importance of the renewed
partnership: 

«Our enduring and deep-rooted relationship with both Hokuren and Mitsubishi is
highly regarded in Goodtech and we are very pleased to announce this
continuation of our valued partnership. Together we have served the Hokkaidan
agricultural segment for close to 30 years and, in signing this new long-term
contract, we look forward to continuing our successful cooperation in the years
to come."

The overall supply agreement has a 5-year duration and its total value is
expected to exceed 10 MUSD. The contract fits well into Goodtech's core market
areas within industrial production optimisation, where Goodtech - as a Nordic
leading specialist in industrial automation, robotisation and digitalisation,
works to deliver customer value through more efficient, profitable and
sustainable production systems. 

 
For more information, please contact: 
Margrethe Hauge, CEO Goodtech ASA 
Phone: +47 957 96 920 
Email: Margrethe.hauge@goodtech.no  

Øyvind Osjord, CFO Goodtech ASA 
Phone: +47 950 46 649 
Email: oyvind.osjord@goodtech.no

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