Minesto and TECHNIA Take Design Collaboration Global with 3DEXPERIENCE

TECHNIA, the #1 knowledge leaders in PLM and Engineering, announced today that they have been strategically engaged by Minesto – the pioneering marine energy technology developer, founded in 2007 as a spin-off from the Swedish aerospace manufacturer Saab, and a listed company on Nasdaq First North in Stockholm. Minesto has since established projects in Europe and Asia to enable the commercial roll-out of the company's unique renewable energy technology.

The partnership with TECHNIA furthers Minesto’s ambition of global, sustainable energy generation. Under the business agreement, TECHNIA will consult, deploy and support seamless design collaboration with Dassault Systemes’ ENOVIA solutions on the 3DEXPERIENCE platform.

Dr. Martin Edlund, CEO of Minesto

“As a developer of a next-generation renewable energy technology, the prospects for success have never been greater than now. There are a lot of powerful actors in the industry and in the political sphere that are convinced that we will succeed in a move to 100% sustainable energy systems.To advance our technology and customer proposition, cost-efficient product development and optimization at commercial launch scale is key. Therefore we have systematically invested in CFD capability to drive our innovation and success. I believe that the tools allowing us to shape technology more efficiently will serve humankind well, moving forward.”

Dr Martin Edlund
Chief Executive Officer | Minesto

Minesto's Deep Green technology – Unlocking renewable baseload power

“Sustainability and Innovation is key for the future global winners – Minesto are very well positioned to grow into a global leader within sustainable energy based on their innovative revolutionary technology. TECHNIA is supporting the globalization of Minesto and their products based on the 3DEXPERIENCE platform and TECHNIA premium services. This new TECHNIA customer aligns very well with our purpose, Making Product Creation Sustainable.”

Magnus Falkman
Chief Executive Officer | TECHNIA

About Minesto

Minesto is a leading marine energy technology company with the mission to minimise the global carbon footprint of the energy industry by enabling commercial power production from the ocean.

Minesto’s award winning and patented product, Deep Green, is the only verified marine power plant that operates cost efficiently in areas with low-flow tidal streams and ocean currents.

With more than €40 million of awarded funding from the European Regional Development Fund through the Welsh European Funding Office, European Innovation Council and InnoEnergy, Minesto is the European Union’s largest investment in marine energy to date.

Minesto was founded in 2007 and has operations in Sweden, Wales, Northern Ireland and Taiwan. The major shareholders in Minesto are BGA Invest and Midroc New Technology. The Minesto share (MINEST) is traded on Nasdaq First North Growth Market. Certified Adviser is G&W Fondkommission, email: ca@gwkapital.se, telephone: +46 8 503 000 50. Read more about Minesto at www.minesto.com

For more information contact:

Magnus Falkman, President of Addnode PLM Division & TECHNIA CEO
phone: +1 443 76 18 515
e-mail: magnus.falkman@technia.com