11.2.2026 14:05:16 CET | Soiltech ASA | Non-regulatory press releases
Soiltech ASA (OSE: STECH)
Sandnes, Norway, 11 February 2026
Soiltech has been awarded a contract with Estedama Environmental Solutions Co to
deliver fluid treatment services (STT®) in Saudi Arabia, utilizing Soiltech's
market-leading technologies for waste reduction, waste recovery and reuse.
The contract is expected to represent a substantial¹ value for Soiltech.
Startup of operations is scheduled for the second quarter of 2026.
"This contract is an important milestone for Soiltech, marking our first entry
into Saudi Arabia. Together with our recently announced contract for swarf
treatment in the UAE, we are building a solid foundation for future growth in
the Middle East," says Jan Erik Tveteraas, CEO of Soiltech.
About Soiltech
Soiltech is an innovative technology company specializing in the treatment,
recycling and sustainable handling of contaminated water and solid waste on
site. Our technologies enable cost savings and lower CO2 emissions through waste
reduction, waste recovery and reuse. Soiltech operates world-wide and is
headquartered in Norway.
About Estedama
Estedama is the leading Saudi company specializing in the treatment, recycling,
and sustainable management of drilling and industrial waste. Estedama's advanced
technologies and over 10 years of experience in the Saudi market position the
company as a leader in this field and environmental services sector. As
Soiltech's partner in Saudi Arabia, Estedama delivers innovative, compliant, and
sustainable waste management solutions across the Kingdom.
1. Contract sizes
A sizable contract has an estimated value of MNOK 5 - 10
A substantial contract has an estimated value of MNOK 10 - 20
A large contract has an estimated value above MNOK 20
DISCLOSURE REGULATION
This information is subject to the disclosure requirements pursuant to Section
5-12 of the Norwegian Securities Trading Act.
CONTACTS
* Jan Erik Tveteraas, CEO, Soiltech ASA, +47 95 21 49 25,
jan.erik.tveteraas@soiltech.no
* Tove Vestlie, CFO / Investor Relations, Soiltech ASA, +47 90 69 06 48,
tove.vestlie@soiltech.no
ABOUT SOILTECH ASA
Soiltech is an innovative technology company specializing in the treatment,
recycling and sustainable handling of contaminated water and solid waste on
site. Our technologies enable cost savings and lower CO2 emissions through waste
reduction, waste recovery and reuse. Soiltech operates world-wide and is
headquartered in Norway.
ATTACHMENTS
Download announcement as PDF.pdf -
https://kommunikasjon.ntb.no/ir-files/17849399/18802309/6782/Download%20announce
ment%20as%20PDF.pdf