BCS: Financial results for the third quarter of 2022

09 Nov 2022 07:00 CET

(Bergen, 9 November 2022) Bergen Carbon Solutions AS (Bergen Carbon Solutions,
OSE: BCS) reported an operating loss of NOK 10.6 million in the third quarter of
2022. The company remains confident on the strategy, driven by proven
core-technology, several recent technological breakthroughs, increased market
understanding, as well a solid financial position. On 4 November the Board
proudly announced Odd Strømsnes as new CEO.

The Q3 presentation is attached to this message.

“The activity in the third quarter of this year has been high. We are
continuously optimizing and developing our technology while gaining more insight
into the market” says Finn Blydt-Svendsen, Interim Chief Executive Officer.
“Bergen Carbon Solutions aims to pioneer a new industry for environmentally
friendly material-technologies. We currently have three focus areas: Optimize
and further develop a profitable and climate positive technology, work towards
industrial facilitation and remain financially solid. We believe this
combination provides us with the best prerequisites to succeed long-term,” Finn
concludes.

BCS have decided to extend the timeline of the factory in Høyanger to implement
recent findings and detail engineering further. The company is confident that
this will reduce risk and improve the overall business case.

A live presentation of BCS’ Q3 results and status will be available on the
following link at 09:00 a.m. CET.
Link to webcast:
https://channel.royalcast.com/landingpage/hegnarmedia/20221109_5/

For further information, please contact:
Finn Blydt-Svendsen, Interim CEO, fbs@bergencarbonsolutions.com, +47 930 40 797
Fredrik Øksnes, CCO, fredrik.oksnes@bergencarbonsolutions.com, +47 975 67 318

-ENDS-

About Bergen Carbon Solutions
Bergen Carbon Solutions aims to pioneer a new Norwegian industry for
ground-breaking, environmentally friendly material-technology. Bergen Carbon
Solutions utilizes CO₂ and Norwegian hydropower to create carbon products such
as nanofibers, nanotubes, and graphite. Bergen Carbon Solutions is listed on
Euronext Growth under the ticker BCS.

More information:
Access the news on Oslo Bors NewsWeb site

575113_BCS_company update Q3 including financial results.pdf