Argeo AS

Investor Presentation • Sep 20, 2023

Argeo AS: Argeo presents at the Pareto Securities' Annual Energy Conference 2023

Argeo AS: Argeo presents at the Pareto Securities' Annual Energy Conference 2023

Asker, 20.09.2023 Trond Crantz, CEO of Argeo, is presenting today at Pareto Securities' Energy Conference in Oslo.

The company will present a market update and the new Hugin AUV fleet expansion announced this morning, the technological leadership position of Argeo, the emerging marine minerals market and the exciting future ahead.

Presentation highlights

• In negotiation for a total of USD 20 million in new contracts with commencement in 2023

• Submitted tender pipeline in excess of USD 85m with commencement stretching into 2025

• LOI for a fully financed purchase agreement for 3 new Hugin AUV’s from 2023-2025

• Financial agreement in place to upgrade Argeo Searcher to full subsea capability

• Reiterates a resilient strategy in three major markets; oil & gas, marine minerals and renewables, which all expect strong growth going forward.

• Strong position in the entire value chain with a competitive edge, with technology leadership and crucial patents

• Preparing for next vessel to secure further growth and scaling

A copy of the presentation is attached and is also available for download from the Company website.

For more information, please contact:

Trond Figenschou Crantz, CEO

Email: trond.crantz@argeo.no

Phone: +47 976 37 273

About Argeo

Argeo is an Offshore Service company with a mission to transform the ocean surveying and inspection industry by utilizing autonomous surface and underwater robotics solutions. Equipped with unique sensors and advanced digital imaging technology, the Autonomous Underwater Vehicles (AUV’s) will significantly increase efficiency and imaging quality in addition to contributing to significant reduction in CO2 emissions from operations for the global industry in which the Company operates.

The Company’s highly accurate digital models and digital twin solutions are based on geophysical, hydrographic, and geological methods from shallow waters to the deepest oceans for the market segments Oil & Gas, Renewables, Marine Minerals and Offshore Installations. Argeo was established in 2017 and has offices in Asker (Oslo), Tromsø, Stockholm, Houston, and Singapore. Since its incorporation, Argeo has carried out complex projects for some of Norway’s largest companies in the field.

The company is listed on The Euronext Growth in Oslo under the ticker: ARGEO.

Please visit www.argeo.no for more information.