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Betolar is a pioneering materials technology company focusing on turning industrial side streams into value. Betolar offers continuous competitive edge to the construction industry and enable the transition towards a sustainable built environment - socially, environmentally and economically.
Project delays have slowed down revenue development. Betolar expects growth despite the challenges. CEO Vibeke Krohn shares more in an interview with Tommi Saarinen.
The Enersense agreement provides Betolar's protection business with delivery capability, but revenue is still awaiting the first project-specific orders.
The protective fence to be installed on the seabed has been validated in a customer project, and commercialization will begin with engineering. This announcement does not change our forecasts.
The most significant changes are that ScaleWolf's investment is also targeted at protecting critical infrastructure and that a portion of the convertible capital notes, worth 2 MEUR, will likely convert into equity investments in subsidiaries.
