Argeo AS

Regulatory Filings • Aug 15, 2023

Argeo AS: Argeo granted a patent on a high energy electromagnetic system

Argeo AS: Argeo granted a patent on a high energy electromagnetic system

Asker, 15.08 2023 – Argeo Robotics AS, a fully owned subsidiary of Argeo AS, has been granted a new patent from the Norwegian Industrial Patent office (Patentstyret) safeguarding the innovative design of the groundbreaking “Argeo Discover” high-energy electromagnetic system.

“Argeo Discover”, the company’s ultimate marine mineral resource exploration solution represents a significant leap forward, driven by an authentic invention that enables high-energy electromagnetic signals through an ingenious integration with the energy bank within the Autonomous Underwater Vehicle (AUV). “Argeo Discover” unlocks deep insights into marine mineral deposits in the ocean which exceeds the capabilities of existing methodologies.

The patent ensures the exclusivity of Argeo's pioneering services powered by the "Argeo Discover" system.

This latest patent marks the fourth (4) successful grant for Argeo from its Intellectual Rights portfolio under Argeo Robotics since its listing in 2021.

Trond F. Crantz, CEO of Argeo, stated, "As a leading provider of AUV-based marine mineral exploration surveys, Argeo continues to push boundaries, and 'Argeo Discover' positions us even further ahead of our competitors."

Johan Mattsson, Chief Physicist at Argeo, shared his enthusiasm, saying, "The game-changing 'Argeo Discover' empowers us to estimate the size of mineral deposits. I am tremendously excited about the prospects that this technology, developed by our skilled engineering team, will bring."

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.