Argeo AS

Regulatory Filings • Nov 8, 2021

Argeo AS: Argeo expands it AUV fleet with the Eelume autonomous snake robot

Argeo AS: Argeo expands it AUV fleet with the Eelume autonomous snake robot

Asker, 8 November 2021: Argeo has ordered the first commercially available Eelume’s autonomous ‘snake robot’ to assist in their operations. The ultra-flexible “AUV” is expected to be operational by the end of December 2021 by partially KONGSBERG owned Eelume AS.

Acquiring an Eelume robot is part of Argo’s strategy to transform the ocean space inspection industry through robotics, sensors, and data analytics technology, reducing the operational carbon footprint whilst making inspections more efficient and cost effective.

“We believe that this is just the beginning of a major shift in how the industry conducts underwater operations. There is a need in the market for this type of solution, and we anticipate a significant requirement for more robots of this type in the long term,” says Trond Crantz, CEO, Argeo.

By enabling more efficient acquisition of data with higher accuracy using technologies such as Eelume, the company can construct advanced and highly accurate digital models based on geophysical, hydrographic, and geological data. “This enables organisations in the Infrastructure, Offshore Wind, Oil & Gas and Marine Minerals industries to significantly reduce their operational carbon footprint, since large surface vessels are no longer needed,” Crantz continues.

For more information, please contact:

Trond Figenschou Crantz, CEO

Email: trond.crantz@argeo.no

Phone: +47 976 37 273

Argeo in brief

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 market segments in 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.