Five year agreement with Ellevio AB

IA Industriarmatur Group AB (publ.) Has been awarded a five-year framework agreement as a supplier of SIPP, our own developed environmentally safe and connected drainage technology for draining water from transformer pits. The contracting party is Ellevio AB and the procurement contract will be signed for five years with the possibility of renewal for another two years and covers all Ellevio's transformer groups. From the date of the award decision announced by Ellevio, a 12-day contract lockout will occur when Ellevio is not allowed to sign any contracts.

– We are, of course, both happy and proud to have been appointed as a supplier to Ellevio AB, of our developed drainage technology SIPP with associated services. Ellevio is an important customer and good reference for us, says Jan-Eric Nilsson, CEO of IA Industriarmatur Group AB.

About Ellevio AB

Ellevio owns, operates, and develops regional and local electricity grids and distributes electricity to nearly 960,000 customers in Sweden. The electricity grid is a total of 7,300 miles long, which corresponds to almost two turns around the earth. Ellevio's customers are spread across Dalarna, Hälsingland, Gästrikland, Värmland, Närke, Bohuslän, Halland, and Stockholm. The company has about 490 employees and employs a total of about 3,000 people. In 2018,

Ellevio had sales of just over SEK 7 billion. Ellevio AB (publ) is a Swedish limited company and its head office is in Stockholm.

About IA Industriarmatur Group AB

IA Industriarmatur Group AB (publ) helps customers in the energy sector to streamline their operations and to act proactively on sustainability issues. The company does this by offering the company's connected products and IoT platform for streamlining maintenance processes.

IA Industriarmatur Group AB (publ) is listed on the Spotlight Stockmarket (ticker: IAG).

About SIPP

Sipp is a unique, efficient, and environmentally safe method for draining rainwater in transformer pits and has been used as drainage technology by Vattenfall, Ellevio, E.ON, and others. since 2006 and is today the market leader in Sweden. SIPP technology is used today to clear just over 6,000 transformer pits in over 100 grid companies in 9 countries.