Argeo AS

Regulatory Filings • Jul 27, 2022

Argeo AS – SeaRaptor Bravo complete ultra-deep water AUV survey work

Argeo AS – SeaRaptor Bravo complete ultra-deep water AUV survey work

Asker, 27.07.2022: With reference to the notice issued on 21st of December 2021, SeaRaptor Bravo has completed the Ultra Deep-Water work.

Due to other project requirements for SeaRaptor “Alpha”, Argeo’s second SeaRaptor “Bravo” complete the earlier announced Ultra Deep-Water project. The commencement of the project was postponed relating to vessel availability and was completed this summer. In addition to acquiring high quality data in a complex area this project also complete necessary qualification requirements for this new technology and both of Argeos SeaRaptors, making them available for projects worldwide and in all our markets. During this mission the SeaRaptor acquired sonar, environmental and photogrammetry data at depths down to 5000 meters.

- We are pleased to announce that this project has been completed with the highest-quality and detail required for Ultra Deep-Water projects, says Argeo CEO, Trond Crantz.

- The project proved the SeaRaptor product near the very limits of its build specification and made use of all the high-quality sensors integrated into the vehicle

We are very excited that our SeaRaptors are now qualified for tasks covering 90% of the Earth’s oceans with the most advanced sensors systems available for Argeo’s customers.

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 Installations & Infrastructure, Offshore Wind, Oil & Gas and Deep-Sea Minerals.

For more information, please contact:

Trond Figenschou Crantz, CEO

Email: trond.crantz@argeo.no

Phone: +47 976 37 273

About Argeo

Argeo is a 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