Argeo: NOK 20 million loan granted from Innovasjon Norge

15 Dec 2022 10:40 CET

Asker – December 15th, 2022: Argeo has been granted a loan of NOK 20 million
from Innovasjon Norge (Innovation Norway). The yield is 6,2%, the duration is
six years and the loan is on certain conditions.

- We are very pleased to continue our collaboration with Innovation Norway (IN).
Innovation Norway has played an important role for Argeo since its inception,
and it is great to see that we are able to continue our relationship as Argeo
continues its expansion internationally. We have an increasing amount of
exciting contract opportunities, and this loan will increase our financial
flexibility and give us additional leeway, says CEO Trond Crantz of Argeo.

For more information, please contact:
Trond Figenschou Crantz, CEO
Email: trond.crantz@argeo.no
Phone: +47 976 37 273


About Argeo
Argeo is an Offshore Service 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.

www.argeo.no

More information:
Access the news on Oslo Bors NewsWeb site