CORRECTION: ZUTEC SIGNS CONTRACT FOR INFRASTRUCTURE PROJECT IN U.A.E.

Zutec Holding AB (publ) (“Zutec") today announced that it has signed a contract with ADAC for an infrastructure project in the U.A.E.  The 33 months contract is worth ca €0.35 million (SEK3.8 million) and is entirely for cloud-based software licensing.

“This infrastructure project is large and complex and we are pleased to see that both our Inspection and Handover modules are being used on this project. Our commitment to the region is steadfast and we look forwards to partnering with other customers in the region ”, says Gustave Geisendorf, CEO of Zutec.

For more information, please contact:

Gustave Geisendorf, CEO at Zutec, gustave.geisendorf@zutec.com, +353 1 201 3565

This information is information that Zutec Holding AB (publ) 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 17.55 CET on 25 June, 2020.

About Zutec 

Zutec is a niche provider of cloud-based construction management software with offices in Dublin, London and Melbourne.

Zutec Holding AB (publ) is listed on Nasdaq First North Growth Market and Mangold Fondkommission AB is the Company’s acting Certified Adviser (Tel. + 46 8 5030 1550, CA@mangold.se, www.mangold.se).