SeaTwirl has presented an updated vision with a clear and distinct focus on floating wind farms. A new strategic plan has been prepared to accelerate commercialisation of SeaTwirls technology for this market. In connection with this, the company will perform a preferential rights issue in the autumn. Strategic work by the Board of Directors and management has resulted in a clear vision: to become a leading supplier of floating wind turbines to wind farms. A strategic plan has been drawn up to commercialise SeaTwirls technology for floating wind turbines to wind farms a quickly as possible. All development work and the initial production of the S2 wind turbines have provided valuable input to the company, input that will be used in the forthcoming scaling up of the technology with larger turbines. As previously communicated, the company will perform a preferential rights issue in the autumn. The long-term loan from principal owners has been extended until 31 December 2021. The urgent need to tackle climate change is driving the rapid development of the renewable energy sector. To address the climate challenge, increased electrification, and the phase out of carbon dioxide from electricity generation have been highlighted as key areas. This means major investments will be required in offshore wind power in the coming decades. Intensive strategy work has been conducted over the past year in parallel with SeaTwirls Board appointing new members. In addition to the rapid development of the industry, a research report from Oxford Brookes University theoretically showed that vertical-axis wind turbines are more efficient in wind farms and efficiency can increase by up to 15% when turbines are set in pairs. This offered the Board an even clearer direction in its strategy efforts. The company considers the extraction of more energy from a more compact geographical area as a clear success factor. The result is a new, more concentrated, and clearer vision for the company: to become a supplier of floating wind farms. Internal work with simulations, calculations, and in-house testing of the S2 has provided sought after answers. The past year has been incredibly productive for the company. Key components, such as the turbine blades and control electronics, have made significant progress in the production process in collaboration with the company's strong partners and subcontractors. The company will now conduct testing on these components. This will provide valuable input when scaling up the wind turbine. Given that the company is still waiting for approval of its concession in Norway, the timetable for the S2 installation in 2022 will be delayed. This is because installation during late autumn and winter is not the preferred option.