Minesto AB — Investor Relations & Filings

Minesto AB is a marine energy technology developer focused on generating electricity from predictable tidal streams and ocean currents. The company's core product is the patented "Deep Green" technology, a subsea kite system. Tethered to the seabed, the kite flies in a predetermined trajectory, which significantly increases the relative speed of the water flowing through its onboard turbine. This speed enhancement allows for efficient power generation even in low-velocity currents, expanding the exploitable marine energy resource. The design principle enables the use of smaller, lighter, and more cost-effective units compared to conventional stationary tidal power plants. Minesto's mission is to enable the commercial-scale production of clean, predictable ocean energy to minimize the global carbon footprint of the energy industry.