HOYLU AB: HOYLU SIGNS SOFTWARE AS A SERVICE CONTRACT WITH GLOBAL ENERGY COMPANY

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Stockholm, Sweden, November 29, 2019 – Hoylu, a leader in Interactive Visual Collaboration solutions, announced today that it has signed a Software as a Service contract with Royal Dutch Shell plc (The Shell group). The initial order is for Shell Norway for a minimum of SEK 1.200.000 over a 3 year period, with Annual Recurring Revenues (ARR) of SEK 400,000.

The Shell group is a global group of energy and petrochemical companies with an average of 86,000 employees in 70 countries, and the world’s 3rd largest company in terms of revenues.

“Hoylu has proven its SaaS business model in small scale with some of the world’s leading companies. We have measured significant productivity gains in terms of time savings before, during and after meetings and more engaged team members. It is exciting to see how digital transformation can add value almost overnight when embraced by users. There is a tremendous potential for value creation in most industries that need technology to provide a better user experience”, says Stein Revelsby, CEO Hoylu.

Hoylu’s software and solutions offer new and exciting ways to communicate and collaborate smarter, faster and more efficiently. Create Connected Workspaces™ that include engineering plans, project schedules, design reviews, and analyze large data sets on large scale HoyluWalls or any device you choose. Hoylu products are designed to make digital work simple, seamless and hassle free.

For more information, please contact:
Stein Revelsby, CEO at Hoylu +1 213 440 2499 Email: sr@hoylu.com
Karl Wiersholm, CFO at Hoylu +1 425 829 2316 Email: kw@hoylu.com
Hoylu AB

Hoylu delivers innovative enterprise solutions to allow global teams to collaboratively plan, create and share information that enrichen the user experience in the virtual office. Hoylu delivers a comprehensive set of personalized Connected Workspaces™ to enable teams across locations, on any device, to work smarter and with more fun across major industries including Engineering, Education, Pharmaceutical, Construction, Manufacturing, Graphic Design and many more. For more information: www.hoylu.com.

Ticker symbol: Hoylu
Marketplace: Nasdaq First North Growth Market
Certified Adviser: Mangold Fondkommission AB +46 (0) 8 50 301 550, ca@mangold.se

Publication
This information is information that Hoylu AB is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact person set out above, at (8:30) CEST on November 29, 2019

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