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New contracts in US

Powel has signed new contracts with two new customers in U.S

Powel, Inc, U.S., a 100% owned subsidiary of Powel ASA, has been awarded a contract to deliver its Transmission Vegetation Management System to Progress Energy Service Company, a major Investor Owned Utility in North Carolina and Florida, USA.

Powel, Inc also received a contract for its Electric Line Design software from Energy United, a Rural Electric Cooperative located in North Carolina, USA. The contract includes Powel’s Mobile Work Management software, hardware, and services.

Contact info:
President/CEO Bård Benum: +47 481 64 670
CFO Øystein Sæther: +47 481 64 558