Press release: Norda Stelo Solutions officially launches STELAR

QUEBEC, May 30, 2022, Norda Stelo Solutions is very proud to launch its very first technological product: Stelar. It is a digital platform to improve the practice of asset sustainability experts. Stelar aims to centralize and structure physical asset data, both in terms of public infrastructures and industrial assets, in order to extend their useful life.

Alex Brisson, President and CEO of Norda Stelo, describes this product as the logical next step: “We believe that the greenest projects focus on improving the performance and extending the life of existing installations. It is thus possible to have a positive impact on the environment and climate change, while adding significant value to our clients' assets. Environmental, social and governance (ESG) considerations are becoming essential to ensure the sustainability of operations and the growth of our clients. That's what Stelar will allow us to do.”

Sophie Boisvert, Vice President, Resources and Industry at Norda Stelo and head of the Norda Stelo Solutions division, talks about a world of possibilities for customers: “We have mobilized experts who believe in the mission of helping future generations not to repeat the mistakes of the past. Stelar's real goal is to help the community and it's not just to look good. We have developed a technological product thanks to our in-depth knowledge of the field, customers and issues related to the sustainability of assets.

Stelar is the result of decades of engineering experience with the benefit of a vast network of experts and asset managers. This tool is our positive contribution to the preservation of the environment and the well-being of communities.”

Currently, sixteen developers and a hundred asset sustainability experts are actively working on this product. The Stelar platform is used and implemented in around twenty companies in port, rail and primary mining processing environments. It is already attracting the attention of asset managers and experts in integrity, reliability and maintenance.

ABOUT STELAR

Stelar is a platform for asset data management and strategic planning. It helps to make quick, effective and well-documented decisions. Stelar offers the possibility of collecting, centralizing, valuing and acting with high-value secure data. It allows results to be presented according to key indicators based on analyzed data. By combining engineering expertise and machine learning (AI) model training, the platform accurately predicts failures and optimizes the investments required to intelligently extend the life of assets.

ABOUT NORDA STELO SOLUTIONS

Norda Stelo Solutions Inc., a new corporate sister entity of Norda Stelo Inc. and a subsidiary of Norda Group Inc., was founded in early 2022 in order to support the development of new technological products, particularly in asset sustainability and sustainable productivity. A driver of Norda Stelo's growth and strategic positioning, Stelar becomes the new division's first product.

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