NEWS

Besøk av konsernsjefen i Kongsberg Gruppen

I går hadde Fosstech AS gleden av å få besøk av konsernsjefen i KONGSBERG, Geir Håøy.
Med 15 000 ansatte er KONGSBERG en viktig global aktør – og vi er stolte over å være en liten, men viktig partner i deres verdikjede.
For Fosstech AS betyr samarbeidet med KONGSBERG mye, og det gir oss muligheten til å utvikle oss videre! Med tøffe krav til både kvalitet og leveransepresisjon, blir vi stadig bedre på våre kjerneområder som innstøpning av elektronikk, produksjon av kabel sammenstillinger, bygging av komplekse kabinetter og strømforsyninger.

Besøket var en anledning til å dele innsikt, diskutere fremtidige behov og styrke relasjonen ytterligere. Vi setter stor pris på tilliten KONGSBERG viser oss, og ser frem til å fortsette å levere kvalitet og innovasjon sammen!

Tusen takk til Geir Håøy for at du  tok turen til Fosstech!

 På bildet ser du Oddbjørn Bergem, Steven Foss og Geir Håøy under besøket.

Fosstech AS Welcomes Oddbjørn Bergem as New CEO

Fosstech AS announces that Oddbjørn Bergem has been appointed as the new Chief Executive Officer (CEO). At the same time, the company’s founder, Steven Foss, will take on a key role as Business Development Manager, where he will help identify and develop new growth opportunities for the company.

Oddbjørn Bergem brings over three decades of experience at the intersection of technology, innovation, and leadership—both in Norway and internationally. He has extensive experience building and professionalizing companies, and has been a driving force in developing businesses into leading players in demanding global technology, industry, and software markets.
​
He holds a PhD in Information Technology and Automation from the Norwegian University of Science and Technology (NTNU), as well as an MBA from Hult Ashridge Executive Education in London. This combination of solid academic background and comprehensive leadership experience makes him well-equipped to lead Fosstech AS into a new phase of growth.

Erik Grefberg, Chair of the Board at Fosstech AS and Group CEO of Bertel O. Steen Industri AS, Erik Grefberg says:
​
“Oddbjørn strengthens our continued development, and we are very pleased to welcome him as our new CEO. With his experience in international technology and industry leadership, combined with strong business acumen, Fosstech gains a top leader who can further strengthen our position. Oddbjørn is the right person to build on the strong foundation that Steven has established.”

Steven Foss, who founded Fosstech in 1997, has been the driving force behind the company’s evolution from a local machining workshop to a technology enterprise with customers in demanding sectors such as maritime, defense, infrastructure, and health technology. In his new role as Business Development Manager, he will play a central part in further developing the company’s market offerings.
“Steven has built Fosstech from the ground up, and his experience and dedication will continue to be an invaluable asset for the company.”

We look forward to welcoming Oddbjørn into the Fosstech family and wish him every success in continuing the values, jobs, and achievements that Steven has created through 28 years of dedicated work.

Delivery of LED-lights to Øvre Sund Bru

We at Fosstech AS are proud to once again have delivered customized LED lights to Øvre Sund bridge in collaboration with Traftec. After the previous lights failed, our products were selected after two years of thorough testing. This demonstrates our ability to deliver robust, reliable, high-quality solutions.

At Fosstech AS, we are dedicated to developing products that meet and exceed customer expectations. We combine technical expertise with an understanding of the customer's needs, and our solutions are built to last. Thanks to Traftec for the trust!

Finansavisen features Fosstech AS in an article about the Future of Vestfold

Fosstech AS is a pioneer in high-tech equipment developed to withstand extreme conditions. The success is a result of professional expertise, good partners, and highly skilled employees with high competence!

Fosstech AS conducts all its development at Borgeskogen, including production, assembly, batch production, and service. We aim to be a problem-solver that helps customers improve or develop new products.

For us, it has always been important to preserve expertise within the country and bring production back to Norway to secure Norwegian jobs

 Job Specialist from NAV Sandefjord visits Fosstech

Thursday 15/02, we had a visit from Camilla Hunskaar, who works as a Job Specialist at NAV Sandefjord. She joined us for a "workday" in the encapsulation department to get better acquainted with the type of employees we are looking for in this field.
​
Fosstech AS have had good experiences with this solution in the past, where Camilla Hunskaar has assisted us with recruitment from the NAV system and found many skilled employees for us!

Career day at USN (Universitetet i Sørøst- Norge)

Fosstech AS participated at the career day for engineering students at the University of South-Eastern Norway, Thursday, February 15th!
We met many interesting candidates and got many applications afterwards, both long term and summer internship.
This was a good platform for us to meet students and other companies, so thanks to VOLT Linjeforening for this great arrangement, Fosstech AS will definitely be back next year!
 
If you want to be a part of our skilled team here at Fosstech AS send in an open application!

Our CEO Steven Foss has participated in a podcast about technology, by Teknisk Ukeblad with Jan M Moberg.

There, he talks about the crisis that hit Fosstech AS in 2014, when it all could have ended in bankruptcy. Before a crucial meeting with the bank, Steven Foss drew inspiration from AC/DC.

Norwegian businesses generate significant positive impacts on local communities

“DNB Ringvirkninger” highlights the crucial role of Norwegian businesses in creating value and promoting welfare.
 
Fosstech AS was founded in 1997 by Steven Foss and currently employs 75 dedicated professionals who make meaningful contributions to society. In a span of one year, this translates to a total of NOK 23.1 million through taxes, fees, and other indirect effects, equivalent to:
•       13 Teachers
•       39 Grants for the maintenance of soccer fields
•       9020 Dentist visits
•       25 jobs at other businesses through services procured from subcontractors.
•       28.1 million kroner in purchasing power within its local community through employee salaries.
 
Fosstech AS takes pride in the work we do, our dedicated employees, and our positive impact on society! We are committed to continued growth and development in the years ahead!

Bringing happiness to someone who is anxious about Christmas is truly heartwarming!

​Kirkens Bymisjons societal mission includes empowering and including all people in society. Working with marginalized groups and those who are economically and socially excluded has always been a part of their core activities.
Kirkens Bymisjons works for a society without poverty, where everyone has the resources they need to participate in society. The organization advocates for a society that upholds equality, and where everyone has equal access to rights.
Fosstech AS supports the Kirkens Bymisjons in the good work they do and encourages others to do the same!

Coverage in Sandefjord Business Association (Sandefjord Næringsforening)

Fosstech AS and Steven Foss are featured by the Sandefjord Business Association in connection with our restructuring after the oil price drop in 2014! Read about our "journey" from a machining company to a technology company in the article, and sign up for the event for members on January 24th to learn more about "restructuring in practice"!

Company visit for students at USN
Fosstech borrowed testing equipment from USN for use in one of our largest projects, and as a token of our appreciation, we decided to extend an invitation to students for a company visit. During this visit, we provided all participants with lunch, followed by a presentation about Fosstech and a brief introduction to the project.
Subsequently, everyone had the opportunity to take a guided tour to gain insight into our work and experience what it's like to be an engineer at Fosstech.
The response to our invitation was very good, with a total of 28 attendees, including 11 mechanical engineering students, 12 electrical automation students, and 5 instructors.
 
At Fosstech, we recognize the significance of recruiting talented individuals, and this event was a testament to our commitment to being an attractive and sought-after workplace.

OTD 2023
Fosstech proudly showcases our innovations at OTD Stavanger. We invite you to drop by Booth E-6290 in Hall E, where you'll receive a warm welcome from our dedicated team members, Steven and Kristian. To explore the opportunities for collaboration and discover our potential as a reliable supplier, please visit us!
​We look forward to connecting with you!

Fireproof batteries could be the next big thing!
Compact, waterproof and fireproof battery packs could be just around the corner, if the type approval from DNV goes through. ZenOcean and Fosstech cooperate in the production. However, it is defence technology that the last year gave the big boost to the Vestfold company Fosstech.

Fosstech at NOSP-Innova Evening in Stavanger!
Steven Foss presented Fosstech at NOSP-Innova Evening: Subsea Technology and the Internet of Things - in Stavanger 2022.03.23. You can see the event online by clicking below.

A powerful diving propulsion system
The FPS is a powerful diving propulsion system, featuring customizable battery packs, harnesses, and thrusters (1kw conventional thrusters, or 750w rim-driven thrusters)
 
The FPS system is made with rugged aluminum components and Fosstech’s extensive knowledge of submerging electronics. Featuring custom CNC housings, Wet-mate connectors rated 500m, vacuum valve for easy leak testing, with customizable design and configurations.
 
All made, assembled, and tested in Norway. Offering short lead times for complete systems, and spare parts. No exclusivity agreement, sold and distrubuted by REBS.
From left: CEO Steven Foss signs the agreement with Trond Neumann from Kongsberg Defense & Aerospace (KDA). The signing is supervised by Tønsberg mayor Anne Rygh Pedersen, Sandefjord's mayor Bjørn Ole Gleditsch and Kyrre Lohne from KDA. ​

ALL-TIME HIGH ORDER BOOK!

Fosstech celebrates 25 years anniversary with the signing of a strategic partnership contract with Kongsberg Defense & Aerospace.

Borgeskogen 25. October: Fosstech, a leading company within mechatronics, cables/connectors, and encapsulation of electronics for harsh environments won the prestigious Maritime defense contract with Kongsberg Defence & Aerospace (KDA), in strong competition with 15 leading technology companies in Norway.
This makes them qualified for delivering parts to Kongsberg Defense & Aerospace. The contract is the biggest in the company’s 25-year history, making the total order book an all-time high of NOK 100 million.
“We have chosen Fosstech as a strategic supplier for our maritime programs, we hope that this is not just a one-off benefit, but something that will last over time. It is incredibly exciting to sign this contract today with Fosstech” says Kyrre Lohne, VP Strategic Business Development at KDA.
By Linea Bancel, Energy Valley
SETTER REKORD: – Ordreboken kommer opp i all time high: Rundt 100 millioner kroner, sier Steven Foss, daglig leder og gründer i Fosstech.
​Anders Hotvedt, Finansavisen

Great interest in new Norwegian fishing technology!

Jatronic and Fosstech, in collaboration with the Institute of Marine Research, have developed a new technology with a focus on sustainable fisheries and better management of fishery resources in the sea.
The bag release "sekkeutløseren" increases the quality of the fish and the survival rate. The trigger ensures that the fish gets better space by triggering part of the note on the way up. The proportion of fish that come to the surface alive increases and is of better quality. The market interest in Jatronic and Fosstech's products & services comes from all over the country and from various market segments.

Visit from Contemporary Amperex Technology Ltd. (CATL)!

Picture
Aurora Foss-Pettersson (Project Manager, Fosstech), Hank Zhao (CTO, Vice President ESS Solution Center, CATL), Fridtjof Camillo Eitzen (Co-Founder Zen Ocean), Tiger Li (CFO, President, ESS America & Europe Region, CATL), Steven Foss (CEO, Fosstech), Bård Norberg (Founder CGR Arctic Marine).
Zen Ocean and Fosstech had exciting visits from CATL, the world’s largest battery manufacturer and technology company specializing in the production of lithium-ion batteries for electric vehicles and energy storage, as well as battery management systems.

It was an exciting meeting to look at synergies and collaboration opportunities for the battery solution Zen Ocean has developed in collaboration with Fosstech. Exciting times ahead!

The technology company Fosstech AS is noticed in Vestfold and Telemark!

Picture
Kristian Sellgren - Marketing and Project Manager / Business Development.
Vestfold and Telemark is a region with great growth that invests heavily in technology and green development. Here, Fosstech AS is an important contributor.
​
Fosstech are investing in young adults who are highly educated and who want to make an difference - and that are good in cooperation.

Read the article here!

Fosstech facilitates flexibility in everyday life!

Picture
Started at Fosstech: Aurora Foss-Pettersson combines familyand work life. Photo: Tønsbergs blad.
Fosstech as an employer facilitates to combine family and work life.
​
We are responsible for delivering our tasks on time, at the same time as we are a good team working together at Fosstech. We delegate and ask for help when needed, by having it this way at work, it is clear that it also helps when planning family logistics at home.

Read the article here!

Fosstech enters into a partnership with USN for Industrial masterstudents!

Picture
Start by studying: Tore Løkka and Andreas Tørre Haugen, engineering students at the University of South-Eastern Norway. Photo: University of South-Eastern Norway.
Fosstech is organized in a way that makes us rigged for complex projects where you can take part in the whole process from idea to finished product. That makes the Fosstech team in possess of an expertise knowledge and have professional support/mentors who you can get help from during your education through USN in collaboration with us.
​
Fosstech has now entered into a partnership with USN to be able to recruit empoloyees who acquire knowledge of the latest technology, are willing to learn and want to become part of a strong professional environment after graduation!

Hope YOU want to educate in collaboration with us!

The technology company Fosstech AS is noticed in Vestfold and Telemark!

Picture
Kristian Sellgren - Marketing and Project Manager / Business Development.
Vestfold and Telemark is a region with great growth that invests heavily in technology and green development. Here, Fosstech AS is an important contributor.
​
Fosstech are investing in young adults who are highly educated and who want to make an difference - and that are good in cooperation.

Read the article here!

Fosstech enters into a partnership with USN for Industrial masterstudents!

Picture
Start by studying: Tore Løkka and Andreas Tørre Haugen, engineering students at the University of South-Eastern Norway. Photo: University of South-Eastern Norway.
Fosstech is organized in a way that makes us rigged for complex projects where you can take part in the whole process from idea to finished product. That makes the Fosstech team in possess of an expertise knowledge and have professional support/mentors who you can get help from during your education through USN in collaboration with us.
​
Fosstech has now entered into a partnership with USN to be able to recruit empoloyees who acquire knowledge of the latest technology, are willing to learn and want to become part of a strong professional environment after graduation!

Hope YOU want to educate in collaboration with us!

Steven fears this year's electricity bill will end up at 1.5 million kroner

Picture
POWER CRISIS: Steven Foss )left) has led Fosstech since 1997. He now fears the electricity bill for 2022 will reach NOK 1.5 million. here from 2020 with Kårstein Eidem Løvaas (H) and Kristin Saga from NHO in connection with a company visit. Photo: Ralf Haga/Sandefjords Blad.
The high electricity prices make the business community bleed. NHO have now an extraordinary scheme for electricity support for companies in place. - We live in a world where we can not just shift the costs onto our customers, says general manager Steven Foss at Fosstech.

With the high electricity prices, Foss expects that this year's electricity bill will triple compared to 2020.

Electrification of boats, is the new wave, coming faster than we think.

Fosstech is constantly entering new market segments.
​We are proud to take part in the supply chain for products that promote sustainability and protect the environment.
A conference on electric boats was held at Fosstech on the 24th of November.
Several local players in the field of electric boats were invited, ranging from those who supply parts for the boats, to those who work in the business of boat rentals.
 
The engines will be produced at Fosstech.

Fosstech AS is now expanding with a new business area

Suppression systems - Service & Spare Parts
Service department and Expertice is now transferred from Autronica Fire & security to Fosstech.
​

We decided to diversify our market by transferring technology into other business areas.

 This was the saying, when The Confederation of Norwegian Enterprise (NHO) visited us in Valley Voice - a column where our cluster members are in focus. Tis week we had a talk with CEO of Fosstech, Steven Foss.
Foss states that the most challengign part of the future will be the ability to adapt fast when the market changes.


1. What are you doing right now?
Fosstech is setting up a new business area, “ Service and Aftersales “, world wide for electro-mechanical products, mainly the Maritime market. We are hiring some really skilled colleagues, making the Fosstech Team even stronger!

2. How is Fosstech contributing to the energy transition?
Fosstech have had a strong position within the Oil & Gas market, especially seismic. After the Oil crisis in 2014, we decided to diversify our market by transferring technology into other business areas and with a fous on a “green footprint”.
Today, our customers are within the maritime, defence, aquaculture/fishery and infrastructure. We have also developed 5-6 products of our own.

3. What are the biggest challenges and opportunities in the future?
The ability to change fast when the market changes!

4. What keeps you awake at night with regards to the energy transition?
Not much really, I think Fosstech already have made necessary changes to meet the future!

5. What is most valuable about being a member of Energy Valley?
The networking and meeting people from different markets, learning new ways of doing things, and be able to understand where the market is heading.

6. Is there any book that has inspired you in the way you lead?
The Book of “ Zlatan “, Never give up, Work Smart and Harder !

7. Which Energy Valley member do you want to pass the baton on to?
Kristiansand Skruefabrikk ( KSMV ) AS, CEO Frode Bjørntvedt.
​
Thank you, Steven!                                                                                                                                                                                  By: Anna Øglænd

Underwater cabins at ''Verdens ende''

On January 20th, Færder municipal council will make a descision related to an exceptionally spectacular project: rental cabins under water! The cabins will be the first in Europe, and with an architecture inspired by the surroundings; sea, air, light and rocks.
 
​The plans are already known to the municipal management in connection with the ongoing work on a new area plan. There will be up to three - possibly four - cabins located in the northeastern part of the harbor basin at the ''Verdens ende'', in english ''Verdens ende'' means where the world ends into the sea. The depth conditions make this the only possible location. Thus, the cabins will be located immediately outside the border of Færder National Park. This is in line with one of the main arguments for creating the national park; to stimulate business activities in the park's edge zone. The cabins will provide a basis for three to four full-time jobs.

The cabins will also help to open up, to discover new parts of nature for the public. For the developers, it has been crucial to find a concept that does not require any kind of encroachment on nature. The cabins are anchored with moorings. Access is via existing piers, as well as a planned cable ferry, powered by the guests own muscles by hand.

Above water, the cabins have separate modules for accommodation, with simple cooking, a sauna and a larger outdoor space that can be separated off with sliding walls. But it is underwater where the really big surprise awaits in the form of a large panoramic window, wieving the  surrounding sea and seabed.

"Until around 1970, there was an aquarium at Verdens ende / the End of the World. In all the years since, there have been voices for reconstruction ", says Einar Chr. Erlingsen, spokesman for the developers. "This is a believe that we think is no longer valid, as it would require a larger development inland. What we are doing instead is opening some peepholes towards the largest aquarium of them all, the sea itself, ”he says.

Behind the spectacular plans are Trond Barth Andersen, Einar Chr. Erlingsen, Knut Børge Knutsen and Kjell Alpers. They have previously amongst others also built the success Tretopphytter Oslofjord in Horten. "We like to work with unusual things and concepts. As retirees, we have time to work on some rather spectacular projects that will hopefully amuse most people, ”says Erlingsen.

The project also catches researchers interest. Kongsberg Maritime has contributed to the preliminary mapping of the area, and are of the opinion that this project sems very interesting. "We applaud the attention and commitment this can create around the conservation of the sea. We will investigate whether this location may be suitable for carrying out marine research in the Frisk Oslofjord 2.0 project, which we are working to establish together with local authorities, University of Oslo and the Institute of Marine Research, ”says project manager Arne J. Hestnes in Kongsberg Maritime.

The architecture is provided by SPIR Arkitekter AS, Tønsberg, while Fosstech AS, Sandefjord is responsible for the engineering. 

Congratulations to Eivind - Top grade on the exam!

Our skilled apprentice, passed the exam in the subject Polymer Composite Technology with top grade. Congratulations so much Eivind Sæbø Guthus!
 
​Polymer composite is a subject that covers more and more areas through the production of composites for boats, car parts, structures for aircraft and aerospace, the power industry and primary industries. The subject will contribute to the development of competent skilled workers who develop and manufacture products with high quality, great strength, low weight and minimal environmental impact. The materials and processes place high demands on health, environment and safety.    

These are the kinds of businesses and entrepreneurs Norway need.

This was the saying, when The Confederation of Norwegian Enterprise (NHO) visited us in November 2020.
When oil prices fell in 2014, Steven Foss almost went bankrupt with his Fosstech company. When the oil industry over night would no longer buy advanced inspection systems for seismic cables, he had only one option: Restructuring. First downscaling.

It was invested even more strongly in knowledge and a person with a PhD in molecular surface physics was hired to bring out the best material solutions. So rebuild, and now the success stories are in line. Robust sensors are now being created for harsh environments. Products are now delivered for extreme environments, such as, but not limited to: oil, gas, defence, transport, hydropower, aquaculture and mining.

Today the company has 56 employees and has a turnover of NOK 100 million. Then came the global Covid-19 pandemic. Today, 13 are temporarily laid off. Steven's greatest fear is, losing competence. If employees disappear, it is the company's values that are destroyed. It has taken many years to build up this knowledge and competence. Fosstech has not received a penny in governmental funding and support related to Covid-19. The company will be managing through the global crisis, however 2021 will be tougher than 2020. He has a request for the norwegian administration: Allocate additional funding for innovation, development and research so that development does not stop. Make sure that established programs maintain sufficient funds.
​

Fosstech's aim is to limit the environmental footprint.

In everything Fosstech do, we think and perform environmental sustainability. We always go the extra mile to meet stakeholder requirements, related to environmental aspects.

In addition to being ISO 9001 : 2015 certified, we are proud to announce that Fosstech is now also ISO 14001 : 2015 certified.

Saw the light in new industry

Fosstech in Vestfoldwas struggeling when the oil marked plunged. Now LED lights along the E6 ensure that the arrows point upvards again.Fosstech at Borgeskogen was struggling when the oil market plunged. Now LED lights along the E6 ensure that the arrows point upwards againFosstech at Borgeskogen was struggling when the oil market plunged. Now LED lights along the E6 ensure that the arrows point upwards again
The technology and electronics company Fosstech has a long track record, and it is nothing new that designations such as innovative and world class are pasted beside the company name. In recent years, however, entrepreneur and general manager Steven Foss has had to turn around quickly. - In the peak years, we had 70 employees and a turnover of 100 million NOK, but we were hit hard when the oil market plunged in 2014. We had to cut costs and scale down sharply, says the entrepreneur, and continues: - We were down to 40 men and had a turnover of 60 million NOK. But then something special happened.
 
Almost by chance, the company - which has built itself around development of subsea components - received an inquiry from the Norwegian Public Roads Administration. - What we can really do is make robust sensors for harsh environments. We had never worked with transport before, but this gave us the opportunity to think new, says Foss. It turned out that the Norwegian Public Roads Administration had problems with the lighting along the motorways. The advanced electronic elements are hidden down in concrete junction-boxes below ground in a harsh environment, exposed to sand, clay, salt water and temperature fluctuations. - Everything a lamp does not like, you will find down there, so we started to produce embedded electronics. The next weak point was the lamp itself, so we designed a hermetically sealed lamp. We have now tested it with a pressure similar to what you find 6,000 meters below sea level - to be safe, Foss and chuckles.

These depths are unlikely to be found along the E6 between Oslo and Minnesund, and Fosstech is now fully occupied with delivery of the pilot series to this road section. 660 LED lamps have been ordered, and the company produces approximately 30 units a day. - We have made the entire development process ourselves from start to full series production, and are first in the world to mold LED lights. No other have such solutions today, says Foss. For the Norwegian Public Roads Administration, this means 6 million NOK in annual savings on the electricity cost. For Fosstech, new energy has been injected into the organization. - We have received requests from various locations of Norway, and are on a path to look at new application methods. For example, we have talked to Torp Sandefjord Airport. So far, we have our legs well planted on the ground, but if we succeed here, this is probably subject for a dedicated factory, says Foss.
 
The innovation has given a significant boost to the Vestfold company. - By doing this in a smart way, we have brought jobs back to Norway. There is a lot that looks promising now - for example, we have never had such a high order portfolio before. Budgeted turnover for 2019 is NOK 90 million, and we have hired 10 new people in the last year, says Foss. The key has thus been to apply existing knowledge in new markets. - Moving the knowledge from subsea to transport was tough, however, competence is never easy. It's in the door one day and out again the next - things go that fast! You may have the best product in the world, but if you miss the timing, then the race is over. Foss also reminds that it is difficult to succeed alone. - I have a team of very good people here, and that is incredibly important. In addition, we have a professional and skilled board, he says, and continues: - In the beginning, I were on both sides of the table and discussed with myself. I am a technologist and would rather just test out new tools and machines, but you have to watch the numbers and keep the direction. So therefore, it is probably wise that an entrepreneur is kept a little in the ears.

Fosstech AS is now a participant and partner for Gründerhuset Hi5 in Tønsberg.

The company contributes with competence and experience.
Steven Foss has joined Hi5 as the new chairman of the board, in collaboration with the new and inspiring general manager Marie Kobro Hanche-Olsen. Together, we want to lift Hi5 further to become a very positive arena and a gathering place for innovative innovation and entrepreneurship, for our local area. We want to create new jobs, and to draw attention to bussiness comunities, which is especially important these days.
​
Read more about Hi5's exciting history and how they can help you see your possibilities and realize dreams…

Automatic trawl sack expander for more sustainable fisheries

FossTech’s pressure operated actuator expands the volume of trawling sacks during hauling, thus reducing fish mortality.
​FossTech’s pressure operated actuator constricts sack volume when the trawl is deployed, and releases the constriction as the sack is brought closer to the surface. The mechanism is triggered by changes in pressure, which can be pre-programmed to specific depths.

Fosstech with breakthrough technology at The Explorer and
​Menon Economics

The Explorer is Norway’s official marketplace for green technology.
Roadside lighting solutions for energy conservation
​FossTech’s durable LED solutions bring light down to the road, saving energy and reducing light pollution.
Some 10 to 20 per cent of the world’s energy consumption is used for lighting. Switching from HPS (sodium vapour) road lamps to LED (light-emitting diode) road lamps has been shown to cut energy use by up to 85 per cent.

Optimistic in wake of Corona Crisis​

In 2014, I had to lay off 30 employees and mortgage all the family assets, says Steven Foss in an interview with Tønsbergs Blad on March 20th. However, he believes that Fosstech AS will recover well from this crisis, thanks to the efforts of its staff.

The most important thing now is to keep production going to ensure delivery to our customers.  That way, we can invoice and in turn pay our suppliers. 
Fosstech has a more diversified product and customer portfolio than in the previous financial crisis. We are now better equiped to withstand the present market fluctuations. After the previous financial crisis, we worked our way slowly but surely back up. It's been five tough years, but the past year has been really positive.  And then this happens!

Sales work on hold
We are striving to adhere to the advice of the health authorities. The canteen is closed and some of the administration staff are working from home.  We have large spacious offices and Steven Foss himself is in the office working. Our premises are washed every day. As of now, none of the employees have been infected.
So far we have not experienced problems in purchasing parts or in shipment of goods. Sales work must be put on hold as trade fairs at home and abroad have been cancelled.

Huge effort
The employees are making a huge effort at this time. Foss's job is to motivate and keep spirits up, by keeping staff informed of good news regarding new assignments and contracts. He hopes to avoid layoffs, but has had a meeting with the staff representative to pave the way for this if necessary. We were made more resilient by the previous crisis and are now stronger than ever. Our partnership with the  Otterlei Group as, who own 40% of Fosstech, has strengthened equity.

We choose not to think too far ahead, but focus on what we can influence at present. We hope and believe that this situation will soon be over!

Source: Tønsbergs Blad

Looking into new cross-over markets
Fosstech has taken their competance and technology within encapsulation of Electronics, down to 6.000 mtrs., from Subsea to Infrastructure. We have developed our own unique solution, for Molding of LED, both Singel Point LED and LED-Bars.

World Class Solutions for Ocean Space and Extreme Environments

Visiting address:
Borgeskogen 7
3160 Stokke
Norway
Fosstech 2025