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Investor Presentaiton

Letter of Intent (LOI) in Corrugated Cardboard Industry Implementing a reference project for >600 plants Background on Glomma Papp o Designing, developing, and manufacturing packaging and display solutions for business markets since 1931 o Glomma Papp AS's vision is to inspire and improve Status о Thermal storage of 40 MWh o Annual capacity of up to 12 GWh thermal energy o Reduction of up to 2.700 tons of CO2 annually Goal o Commissioning planned for during the summer of 2023 Glomma Papp "This is further proof of our commitments to sustainability and to reducing CO2 emissions from our processes and actively being a part of the green transition for the corrugated industry. Kyoto's Heatcube™ offers an interesting potential for us [...]" John Stevenson, Technical Manager Glomma Papp AS Over 600 corrugated cardboard plants in Europe largely using fossil fuel today Standardized processes and equipment in most plants o Industry is required to decarbonize their Ireland processes and meet new environmental Portugal standards Estonia Latvia North Ses Denmark Lithuania Belar Hung Rom 5 oatia Serbia Bulgaria ista Greece KYOTO
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