Argeo AS: Argeo presents at the Pareto Securities' Annual Energy Conference 2023

20 Sep 2023 07:15 CEST

Asker, 20.09.2023 Trond Crantz, CEO of Argeo, is presenting today at Pareto
Securities' Energy Conference in Oslo.

The company will present a market update and the new Hugin AUV fleet expansion
announced this morning, the technological leadership position of Argeo, the
emerging marine minerals market and the exciting future ahead.

Presentation highlights
• In negotiation for a total of USD 20 million in new contracts with
commencement in 2023
• Submitted tender pipeline in excess of USD 85m with commencement stretching
into 2025
• LOI for a fully financed purchase agreement for 3 new Hugin AUV’s from
2023-2025
• Financial agreement in place to upgrade Argeo Searcher to full subsea
capability
• Reiterates a resilient strategy in three major markets; oil & gas, marine
minerals and renewables, which all expect strong growth going forward.
• Strong position in the entire value chain with a competitive edge, with
technology leadership and crucial patents
• Preparing for next vessel to secure further growth and scaling

A copy of the presentation is attached and is also available for download from
the Company website.

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 (AUV’s) will significantly
increase efficiency and imaging quality in addition to contributing 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:
Access the news on Oslo Bors NewsWeb site

599841_Argeo presentation Pareto Energy Conference 20 09 2023.pdf