WE Tech Solutions - Experts & Thought Leaders

A significant step towards the realisation of sustainable shipping and a zero-emission future has been taken, as the Finnish major energy efficiency solution provider - WE Tech Solutions (WE Tech) joined forces with one of the largest Japanese general trading companies - Mitsui & Co., Ltd (Mitsui). In landmark agreements, WE Tech further strengthens its position as a global energy efficiency solution major by calling in Mitsui’s strategic investment leading it to be a significant minority shareholder in WE Tech and simultaneously appointing Mitsui as an exclusive agent in Japanese market. Mitsui’s commitment to Global Energy Transition The cooperation will also solidify Mitsui’s commitment to Global Energy Transition The cooperation will also solidify Mitsui’s commitment to Global Energy Transition, which is one of its growth strategies in its medium-term management plan for 2026, and contribution to the promotion of decarbonisation in the shipping industry. WE Tech is a major energy efficiency solution provider with a global presence in the shipping industry. The company specialises in supplying solutions based on DC-link power distribution, variable speed power generation, energy storage and energy management systems. The solutions, suitable for new buildings and for retrofits, bring numerous benefits to the shipping industry worldwide. WE Tech at the forefront of zero-emission solutions WE Tech has been at the forefront of zero-emission solutions for the shipping industry. Their cutting-edge innovations and pioneering spirit have led to breakthroughs that promise to reshape global shipping’s future. “By seamlessly integrating WE Tech’s innovative solutions with Mitsui’s operational excellence, the partnership aims to accelerate the adoption of sustainable practices and technologies across the maritime domain,” said WE Tech’s Chief Executive Officer (CEO), Mr. Mårten Storbacka, adding, “Moreover, the partnership will strengthen WE Tech’s position in the Japanese market. By aligning with Mitsui, we gain a formidable ally that enhances our visibility and influence within Japan.” Partnership rooted in mutual vision for sustainable shipping The partnership is rooted in a mutual vision for a sustainable shipping industry, with both companies firmly dedicated to enacting tangible change in global emissions. Mitsui, a renowned player in the shipping and logistics business, brings decades of experience and expertise to the table. With a longstanding commitment to sustainability, the company has set its sights on pushing the boundaries of what is achievable in the realm of zero-emission shipping. WE Tech Solutions and Mitsui & Co. Ltd partnership This partnership exemplifies our unwavering commitment to sustainable practices" “We believe that by combining our presence in the global shipping market and WE Tech’s innovations, we are confident to enhance the growth of WE Tech and even to catalyse the transformation of Japanese shipping industry into a model of environmental responsibility,” stated Mr. Akihito Hamada, General Manager, Transportation & Machinery Business Div. I, Mitsui & Co., Ltd. He adds, “This partnership exemplifies our unwavering commitment to sustainable practices and our determination to contribute not only to the decarbonisation of the global shipping industry but also the increase of the competitiveness of Japanese shipping industry.” Agreement signing ceremony held in Vaasa, Finland The agreement signing ceremony, held in the city of Vaasa in Finland, serves as a symbolic inauguration of a new era where international collaboration emerges as the driving force behind transformative progress. Representatives from both entities gathered to mark this historic moment. “Our mission has always been to create savings and emissions reduction for the shipping industry through technology. We are excited to bring our innovations to the Japanese shipping market and to work together with Mitsui towards a zero-emission future.” WE Tech’s CEO – Mr. Mårten Storbacka shared. Move towards sustainable shipping The collaboration between Mitsui and WE Tech comes at a crucial juncture when the world is seeking solutions to address climate change. This partnership serves as a testament to the power of international cooperation in driving meaningful progress towards sustainable shipping and a zero-emission future. Transaction is subject to Finnish Foreign Direct Investment filing and parties expect closing of the transaction to happen during (Q3/Q4 2023). Parties have agreed not to disclose the details of the Transaction. WE Tech was advised by Access Partners & Avance Attorneys.

WE Tech Solutions, a renowned provider of energy efficiency solutions for the global shipping industry, has announced a new partnership with Marine 2-Stroke Consultant and Service GmbH (MTCS), who will represent WE Tech Solutions in Germany, Belgium, and the Netherlands. This strategic agreement is aimed at expanding WE Tech Solutions’ market reach in the region and accelerating the advancement of environmental sustainability in the shipping industry. WE Tech Solutions and MTCS partnership Through this partnership, WE Tech Solutions will leverage MTCS’s extensive network and expertise to reach a wider customer base in the region. With a strong focus on energy efficiency and reducing the carbon footprint of the shipping industry, WE Tech Solutions is committed to providing advanced technology solutions that enable customers to comply with environmental regulations and reduce operating costs. Environmental regulations becoming increasingly stringent Environmental regulations are becoming increasingly stringent in the shipping industry Environmental regulations are becoming increasingly stringent in the shipping industry, and WE Tech Solutions recognises the importance of staying ahead of the curve. By partnering with MTCS, WE Tech Solutions will better navigate the complex regulatory landscape in the region and help customers stay compliant. “We are excited to partner with MTCS and expand our presence in Germany, Belgium, and the Netherlands,” said Mårten Storbacka, Managing Director of WE Tech Solutions. Commitment to advance environmental sustainability Mårten Storbacka adds, “This partnership is a significant step forward in our commitment to advancing environmental sustainability in the shipping industry. We look forward to working closely with MTCS to provide our customers with the best energy efficiency solutions available.” The partnership between WE Tech Solutions and MTCS is expected to create new opportunities for growth and innovation in the shipping industry and contribute to a more sustainable future for all.

WE Tech has successfully concluded a remarkable week at Nor-Shipping 2023, the renowned international maritime event. The event served as a platform for WE Tech to showcase its cutting-edge solutions and foster collaboration within the industry. Sustainable shipping practices Throughout the week, WE Tech’s presence at the exhibition garnered significant attention, reaffirming the company’s commitment to driving sustainable shipping practices. The highlights of the event included the opening of WE Tech’s Oslo office, the emissions-cutting ceremony, a captivating speech by industry pioneers UECC, and an insightful presentation by Mikko Mattila at the WE Tech stand. Oslo office opening The ceremony showcased commitment to growth and its dedication to providing innovative solutions The opening of the Oslo office marked a significant milestone for WE Tech, further solidifying its presence in one of the maritime industry’s thriving hubs. The ceremony showcased the company’s commitment to growth and its dedication to providing innovative solutions to customers worldwide. Importance of collaborative efforts The collaboration took centre stage as WE Tech hosted UECC, an influential player in the shipping industry, at its stand. UECC’s speech highlighted the importance of collaborative efforts and innovation in shaping a sustainable future for the maritime sector. The week-long event also provided ample opportunities for WE Tech to engage in insightful discussions with industry experts, forge new partnerships, and strengthen existing relationships. Emission reduction technologies The company’s dedicated team showcased its expertise, further establishing WE Tech as a trusted and forward-thinking provider of emission reduction technologies. WE Tech is excited about the opportunities that lie ahead and will continue to champion sustainability within the maritime industry.