Argeo AS

Regulatory Filings • Feb 21, 2023

Ultra-deep water AUV survey work in the North Atlantic has started

Ultra-deep water AUV survey work in the North Atlantic has started

Asker, 21 February 2023: With reference to the notice issued on 16th of November 2022, Argeo Searcher and both SeaRaptors have commenced Ultra Deep-Water work in the North Atlantic this week.

- We are very excited that Argeo Searcher, fully equipped with both our high-tech SeaRaptors, has gone straight into commercial operations after a rigorous conversion & shakedown program, says Crantz.

- This project requires the highest-quality and detail and the requirement of Ultra Deep-Water vehicles to get the job done and will take the SeaRaptor near to the very limits of its build specification and make use of all the high-quality sensors integrated into the vehicle, Crantz continues.

Argeo currently has four high specification AUV’s. The AUV is modular and very mobile with supporting systems which can be strategically placed in Argeo’s main Geomarkets for rapid deployment serving our global customers with state-of-the-art technology and data. All data collected is processed onboard the AUV using onboard-postprocessing and mosaicking software to allow quick turnaround during missions and improved decision making for the customer. The AUV enable deep-sea surveys to the benefit of marine industries including Oil & Gas, Renewables, Marine Minerals and Offshore Installations.

For more information, please contact:

Trond Figenschou Crantz, CEO Argeo AS

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 (“AUVs”) will significantly increase efficiency and imaging quality in addition to contribute 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.

The company is listed on The Euronext Growth in Oslo under the ticker: ARGEO. Please visit www.argeo.no for more information.