Reach Subsea confirms delivery of Reach Remote 1

16 Jan 2025 11:38 CET

Haugesund, 16 January 2025: Reach Subsea is pleased to announce the official
confirmation of the delivery of the REACH REMOTE 1 USV.

The official delivery confirmation marks the successful completion of REACH
REMOTE 1 including technical installations, testing and documentation, all of
which have been finalized and signed off.

The second vessel, REACH REMOTE 2 is set to begin sea trials soon, with delivery
to follow shortly after.
REACH REMOTE is an uncrewed 24-meter surface vessel equipped with hull-mounted
survey sensors and a Work Class Electric ROV. Unlike traditional crewed subsea
vessels, REACH REMOTE represents a groundbreaking approach to conducting subsea
work scopes, with positive impacts on efficiency, safety and environmental
sustainability with an objective to reduce emissions by 90%.

"Reach Remote is an extraordinary journey, bringing together the unique
expertise of Kongsberg Maritime, Reach Subsea, and Massterly shaping the future
of uncrewed offshore operations. We are thrilled to see the Reach Remote 1 set
sail and prepared for its first mission.” said Bjørg Mathisen Døving, VP Reach
Remote of Reach Subsea.

The REACH REMOTE 1 USV will now be prepared and outfitted with subsea equipment
for the earlier announced pilot project with Equinor, TotalEnergies and other
major energy companies and includes a variety of relevant survey, ROV
intervention, IMR and monitoring related work scope which will demonstrate the
full capacity of the REACH REMOTE spread. The scope of work is part of a
full-scale operation and will be executed offshore in the North Sea and
Norwegian Sea on production fields such as Troll, Gullfaks, Snorre and Åsgard.

“A new milestone has been reached, and we are pleased to officially begin
demonstrations as part of the pilot project. We are experiencing strong market
interest in these USVs and anticipate capitalizing on this investment in 2025”
said Jostein Alendal, CEO of Reach Subsea.

Read more about the vessel and its capabilities here:
https://reachsubsea.no/assets/reach-remote/

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For more information please contact:
Birgitte Wendelbo Johansen
Chief Financial Officer
Reach Subsea ASA
bwj@reachsubsea.no


About Reach Subsea:
Reach Subsea ASA delivers high-quality solutions and technology to clients
requiring ocean data and services. With operations across Norway, the US, the
UK, Cyprus, Singapore, Trinidad, Brazil, and Australia, our goal is to be the
preferred partner and full-service provider of ocean services, prioritizing
safety, environmental responsibility, financial stability, and profitability.
Guided by our vision, ‘Sustainable access to ocean space’, we remain committed
to developing sustainable solutions that align with the key interests of our
stakeholders.


This information is considered to be inside information pursuant to the EU
Market Abuse Regulation (MAR) and is subject to the disclosure requirements
pursuant to MAR article 17 and section 5-12 the Norwegian Securities Trading
Act. This stock exchange announcement was published by Jorunn Håvardsholm,
Communications and Marketing Director at Reach Subsea AS on the time and date
provided.

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