We are approaching the end of 2025, a year that has brought both challenges and important developments for us at ETP. With a prolonged economic downturn, geopolitical unrest and a growing number of voices questioning the green transition, it would have been easy to slow down and focus on the uncertainty. Instead, it became a driving force for us to accelerate our long-term development work. I am convinced that those who dare to see opportunities where others see obstacles will stand stronger over time. Uncertainty involves risks, but it also creates room for development for those who dare to invest.
For us, continuing to invest means developing technology that makes a difference for our customers. During the year, we have therefore prioritised three areas that will equip us for the future.
Through the right expertise and strong partnerships with world-leading manufacturers, we have established high voltage as a new and strategically important technology area for ETP. Today, we can electrify even the most demanding applications where power requirements are high and operational reliability is crucial. This initiative has been made possible by recruiting employees with experience from world-leading players in electrification. For me, this is a clear sign of strength and confirmation of our high ambitions.
During the year, we also strengthened our portfolio of lithium-ion batteries, which we integrate into complete system solutions. This is an important step, as batteries are complex components that, together with other technology, need to be dimensioned and adapted to the customer's unique application and driving cycle. Having access to the very best batteries is therefore crucial to the overall solution.
At the same time, we have continued our joint development work with HydX in the field of electro-hydraulic solutions, combining the robustness of hydraulics with the precision of electrification. Together, we can take overall responsibility, creating better technical solutions and increased safety for our customers. This is important for them to feel confident about growing with the technology.
Today, we can see that those who invested early in new technology have gained tangible competitive advantages in the form of lower operating costs, quieter machines and a better working environment. Our technology solutions not only contribute to lower emissions, they also create commercial advantages that make our customers stronger in their markets.
Mr Christer SigurdCEO, ETP
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