The results for 2021 are in line with the planned budget and reflect Glex' focus on preparing the Glex Energy technology for new challenges in the energy sector. Please find the annual report for 2021 attached.

In 2021 Glex performed a large number of technological developments and improvements, with our existing customers. We rebranded our platform from Glex to Glex Energy, highlighting the shift in focus from exclusively oil and gas exploration to the wider energy industry, and started the development of new functionality within multiple new domains. We improved the platform's scalability, security, and infrastructure on Microsoft Azure Cloud Computing Services. In addition, Glex expanded the data resource base throughout the year and continues forward. 


In October Glex raised NOK 17 million from >250 investors via Dealflow


December 20 Glex was listed on the NOTC marketplace.


Jørgen Engen Napstad, CEO commented: "The results for 2021 are in line with our plans and reflect our focus on developing the technology and marketing our software. We made strong progress during 2021, proving the scalability of our unique technology.” 


In connection with the annual report, the Board of Directors also provided the following outlook statement:


2021 was a turning point in the development of Glex as a competitive software company, both technically and financially. The organization and technology are well prepared to onboard new clients and meet the demand for better data analysis and visualization capabilities. 


2022 will be an exciting year for the company and it is the Board's assessment that Glex is well positioned and prepared to realize the current plans and its market potential.

Contacts:
Enquiries: contact@glex.no
Jørgen Engen Napstad, CEO Glex AS, e-mail: jorgen@glex.no