SET Notification

Establishment of Rovula (Thailand) Company Limited, Skyller Solutions Company Limited, Varuna (Thailand) Company Limited, and Cariva (Thailand) Company Limited.

21 September 2021

PTTEP 13061/00-7655/2021                                                                                                                    

Investor Relations                                                                                                                                                                                                     
Tel. +66(0) 2537 4259, +66(0) 2537 5522
21 September 2021
The Stock Exchange of Thailand
93 Ratchadaphisek Road, Dindaeng
Bangkok 10400
Dear Sir,
Subject: Establishment of Rovula (Thailand) Company Limited, Skyller Solutions Company Limited, Varuna (Thailand) Company Limited, and Cariva (Thailand) Company Limited.
PTT Exploration and Production Public Company Limited or PTTEP would like to inform that AI and Robotics Ventures Company Limited (“ARV”), a subsidiary of PTTEP, has established four subsidiaries to support its business growth plans, per the following details:
The four subsidiaries namely Rovula (Thailand) Company Limited (“ROVULA”), Skyller Solutions Company Limited (“SKYLLER”), Varuna (Thailand) Company Limited (“VARUNA”), and Cariva (Thailand) Company Limited (“CARIVA”), have each been incorporated with an initial registered capital of 1,000,000 Thai Baht, consisting of 100,000 ordinary shares at 10 Thai Baht each and ARV has 100% shareholding in all four companies.
ROVULA is focused on using advanced artificial intelligence (“AI”) and robotics to provide end-to-end subsea and marine inspection, repair, and maintenance in the oil and gas industry and beyond. SKYLLER provides integrated asset inspection and management services via its proprietary platform to industry asset owners by leveraging multiple fleets from drones to robotics and AI platform-as-a-service (“PAAS”) into unique solutions. VARUNA leverages AI, satellite technology, and unmanned aerial vehicles (“UAV”) to offer state-of-the-art smart-farming and smart-forestry solutions to farmers and agricultural businesses. CARIVA is a health data network which leverages AI, IoT, and robotics to empower and generate health insights to users, both individuals and businesses.
Please be informed accordingly.
Sincerely yours,
Sumrid Sumneing
Sumrid Sumneing
Executive Vice President, Finance and Accounting Group