Argeo granted patent for subsea electromagnetic remote-sensing system

16 Nov 2022 08:00 CET

16. November 2022 – Argeo Robotics AS, a fully owned subsidiary of Argeo AS, has
been granted a patent from the Norwegian Industrial Patent office
(Patentstyret)for a subsea electromagnetic remote-sensing system.

Argeo has developed a portfolio of electromagnetic source and receiver systems
for Autonomous Underwater Vehicles, Underwater Intervention Drones and ROVs.
This patent protects Argeo’s exclusive services with the products “Argeo
Whisper” and “Argeo Discover”. "Argeo Whisper” is an AUV and ROV system
developed for localizing and tracking buried pipelines as well as detecting
buried objects in a decommissioning survey. It can also be used for detecting
unexploded ordnances. “Argeo Discover” is an application or detecting,
delineating, and characterizing deep sea mineral deposits or other conductive
objects below the seafloor utilizing an electromagnetic source integrated in an
AUV or ROV.

Argeo has developed an electromagnetic source that is designed to operate down
to 6000 meters water depth. This technology enables ultra-high resolution
characterization of minerals that has previously not been possible. With Argeo
Discover added to Argeo’s AUV and ROV sensor portfolio, Argeo is in a sole
position to provide effective ultra-high resolution data acquisition for both
larger regional and detailed local exploration over large areas with deposits
utilizing its fleet its AUVs rated to 6000m water depth.

“Sourcing of critical metals and the introduction of new elements to the value
chains is crucial to satisfy mineral requirements of the Energy transition.
Deep-sea minerals present a potential solution in the transition enabling the
scaling of various green technologies that demand vast amounts of diverse
metals. This prompts a surge of deep-sea mineral exploration activities
worldwide, with Norway currently preparing a decision on the opening of its
continental shelf due in Spring 2023. Argeo is in a strong position to address
deep-sea exploration needs with its unique AUV sensor capabilities” says Trond
F. Crantz, CEO in Argeo.

“We are very pleased with the electromagnetic source and sensor technologies
that are developed by Argeo Robotics, and protecting our inventions is something
we consider of utmost importance” says Thorbjørn Rekdal, CTO in Argeo.

For more information, please contact:
Trond Figenschou Crantz, CEO Argeo AS
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 Oil & Gas, Renewables, Marine
Minerals and Offshore Installations. Argeo was established in 2017 and has
offices in Asker (Oslo), Tromsø, Stockholm, Houston, and Singapore. Since its
incorporation, Argeo has carried out complex projects for some of Norway’s
largest companies in the field.

The company is listed on The Euronext Growth in Oslo under the ticker: ARGEO.
Please visit www.argeo.no for more information.

More information:
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