COOL testing initiated

25 Jun 2026 08:20 CEST

(Verdal, June 25, 2026) Ocean GeoLoop ASA (Ocean GeoLoop, OSE: OGL) has
initiated testing of the COOL technology.

Ocean GeoLoop ASA refers to previous communications regarding the development of
its COOL technology. An extensive test program is currently underway at the test
site at SINTEF´s premises in Trondheim. The size of the cooling module tested is
relevant as one of several modules in a commercial cooling unit for data
centers.

Final results remain subject to further testing, assessment and validation, and
third party validated results are expected by primo September. The Company will
update the market when these results have been assessed.

ENDS

For further information, please contact:
Martha Kold Monclair, Chairman of the board, Ocean GeoLoop AS, cell: +47 909 92
949
Viggo Iversen, CEO, Ocean GeoLoop AS, cell: +47 474 56 601


About Ocean GeoLoop | www.oceangeoloop.com
Ocean GeoLoop ASA uses nature’s own way to solve the challenges of our time in a
circular way. The group is organized around COOL, which develops
energy-efficient cooling solutions for AI data centers and industrial
applications, and Energi Teknikk AS, a full-service provider of equipment and
services for small hydropower plants. CAPTURED, which developed the GeoLoop
carbon capture technology, is being scaled down. Ocean GeoLoop is listed on
Euronext Growth Oslo under the ticker OCEAN.

More information:
Access the news on Oslo Bors NewsWeb site

676957_COOL-Testing_Initiated.pdf