PipeCare Europe AG

The company's purpose is to provide services, technologies and products on a contractual basis related to the cleaning, maintenance, inspection, monitoring and repair of onshore and offshore oil and gas pipelines in Europe and elsewhere, as well as to provide other related and unrelated services. The company will also conduct research and development activities related to the development of new technologies and solutions in relation to its core competencies. The company may participate in the manufacture and distribution of special products such as sensor systems, analysis software and ultrasound sensors. The company may establish branches and subsidiaries in Switzerland and abroad and participate in other companies in Switzerland and abroad, as well as conduct all business that is directly or indirectly related to its purpose. The company may acquire, encumber, sell and manage real estate in Switzerland and abroad. In particular, it may provide financing for its own account or for the account of third parties, as well as provide guarantees and sureties for indirect and direct subsidiaries and third parties. The company may also license its brands, systems, products and know-how worldwide to third parties.