Kongsberg Digital and Alibaba Cloud to explore opportunities for digitalizing the energy sector in China

Oct 16, 2018

Today two technology leaders signed an agreement in Beijing in the presence of Mr. Gu Shengzu Vice Chairman for Chinese People's Political Consultative Conference/Congress and the King of Norway

Beijing, China, October 16, 2018 – China has taken a global number one position when it comes to investing in renewable energy sources. Digitalization is high on the country's agenda when it comes to increased efficiency and transformed business models. To further promote that development, Kongsberg Digital and Alibaba Cloud, the cloud computing arm of Alibaba Group, have signed a memorandum of understanding (MoU) to explore the opportunities provided by making KONGSBERG's industrial digital platform, Kognifai, available on Alibaba Cloud's infrastructure.

"Bringing Kognifai to the growing Chinese energy market is an important milestone for Kongsberg Digital," said Hege Skryseth, Executive Vice President of KONGSBERG and President of Kongsberg Digital. "By implementing KONGSBERG's Kognifai platform on the Alibaba Cloud infrastructure, we will be able to offer our advanced joined digital solutions to the energy sector in China and other parts of Asia."

"Alibaba Cloud has always been dedicated to advancing technologies to empower digital transformation across the globe," said Simon Hu, Senior Vice President of Alibaba Group and President of Alibaba Cloud. "Together with KONGSBERG and Kongsberg Digital, we are looking forward to seeing how our robust cloud infrastructure and their cutting-edge platform can jointly drive the technology advancement to a new level for the energy sector."

KONGSBERG already has substantial operations in China, giving the group local knowledge and understanding of the processes in the Chinese market.

Simon Hu, Senior Vice President of Alibaba Group and President of Alibaba Cloud, and Hege Skryseth, Executive Vice President of KONGSBERG and President of Kongsberg Digital, signed an MoU to explore the opportunities to make KONGSBERG's industrial digital platform, Kognifai, available on Alibaba Cloud

Operating Kognifai on Alibaba Cloud will make KONGSBERG’s solutions for the energy sector available to a growing market in China and Asia. This includes IoT, advanced and hybrid analytics – available on secure digital ecosystems in which to develop and run scalable mission critical software and applications. Among the specific KONGSBERG solutions that could become available to customers of Alibaba Cloud is EmPower, a suite of efficiency software delivered as a service for the wind power industry.

Under the MoU, the companies will start their collaboration immediately and intend to make Kognifai available on Alibaba Cloud in 2019.

About Alibaba Cloud

Established in 2009, Alibaba Cloud (https://www.alibabacloud.com), the cloud computing arm of Alibaba Group, is among the world’s top three IaaS providers according to Gartner, and the largest provider of public cloud services in China, according to IDC. Alibaba Cloud provides a comprehensive suite of cloud computing services to businesses worldwide, including merchants doing business on Alibaba Group marketplaces, start-ups, corporations and government organizations. Alibaba Cloud is the official Cloud Services Partner of the International Olympic Committee.

About Kognifai

Kognifai is an open, secure and collaborative digital platform for accessing data, applying advanced analytics, running applications and accelerating digitalization initiatives in the industrial world. The platform integrates with different infrastructures that improve safe integration between the world of information technology and operational technology to accelerate business transformation in established industries. See http://www.kognifai.com/

About Kongsberg Digital

Kongsberg Digital is a provider of next-generation software and digital solutions to customers within maritime, oil and gas, and renewables and utilities. The company consists of more than 500 software experts with leading competence within the internet of things, smart data, artificial intelligence, maritime simulation, automation and autonomous operations.

Kongsberg Digital is subsidiary of KONGSBERG (OSE-ticker: KOG), an international, knowledge based group delivering high-technology systems and solutions to clients within the oil and gas industry, subsea, merchant marine, defence and aerospace. KONGSBERG has 7.000 employees located in more than 25 countries, creating a total revenue of NOK 14.5 billion in 2017.

www.kongsberg.com/en/kongsberg-digital/

www.kongsberg.com

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