Argeo AS

Business and Financial Review • Nov 10, 2021

Argeo AS – Argeo selected for AUV work in the Americas for an undisclosed customer, awaiting final confirmation

Argeo AS – Argeo selected for AUV work in the Americas for an undisclosed customer, awaiting final confirmation

Asker, 10.11.2021: Argeo AS will start preparation in November for work on a customer project in the Americas scheduled to commence in December 2021. The project is expected to extend well into Q1-2022 with possibility for extension.

More information will be provided to the market in a separate notice as the project matures and in our Q4 report. Project extensions will be reported separately.

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 segments Infrastructure, Offshore Wind, Oil & Gas and Deep Sea Minerals. Argeo was established in 2017 and has offices in Asker and Tromsø, Norway. Since its incorporation, Argeo has carried out complex projects for some of Norway’s largest companies in the field.

www.argeo.no