BCS: Technological advancements and future partnerships

26 Sep 2025 17:46 CEST

(Bergen, 26 September 2025): Bergen Carbon Solutions AS (BCS, OSE: BCS)

Bergen Carbon Solutions AS (BCS) announces that the Memorandum of Understanding
(MOU) with Korean chemical company TKG Huchems expired on 25 September 2025, as
per the terms of the extension agreement signed in September 2024.

As communicated across several quarterly updates, BCS has made significant
progress in our development of local and sustainable CNT. Over the past two
years, our strategic focus has been on process stability, in order to produce a
consistent and well defined carbon powder. This deliberate prioritization has
enabled us to build a robust foundation for long-term technological advancement.

The specifications in the Huchems agreement were based on conventional
fossil-based CNTs, primarily CVD-produced. In contrast, BCS is developing a
unique CNT with distinct properties, tailored for emerging applications across
various battery chemistries. Our material is not a replica of existing
solutions—it represents a new category of clean carbon nanomaterials.

We are increasingly capable of producing consistent CNTs with improving quality,
and we are actively testing our materials against multiple battery chemistries.
As previously disclosed on our website, we have intensified our internal testing
efforts to evaluate the real-life battery performance of our powders.

This evolution in our technological maturity naturally changes our partnering
strategy. Future partnerships will reflect our growing emphasis on
application-driven innovation, rather than legacy specifications.

BCS remains committed to developing local and sustainable CNT technologies and
will continue to engage with partners aligned with our long-term vision.

END
For further information, please contact:
Odd Strømsnes, CEO os@bergencarbonsolutions.com + 47 480 88 571
Karina Brudeseth, CFO, karbru@bergencarbonsolutions.com, +47 413 43 381

About Bergen Carbon Solutions:
Bergen Carbon Solutions is a technology company in the field of carbon
utilisation. The company is working to make CO2 a valuable resource, using
energy to turn the excessive greenhouse gas into solid carbon. With its
groundbreaking, proven process for carbon capture and utilization (CCU), Bergen
Carbon Solutions is enabling clean carbon for the battery industry. The
technology may provide stable delivery of carbon nanotubes and graphite, helping
manufacturers to be less exposed to the raw material risks of geopolitical
rivalry. Established in 2016, based in Norway and listed on Euronext Growth,
Bergen Carbon Solutions is targeting the fast-growing battery industry globally,
and other carbon intensive industries looking to replace conventional,
fossil-based solutions to stay relevant in their markets. 
Follow us on https://www.linkedin.com/company/berge-carbon-solutions-as/
Bergen Carbon Solutions | www.bergencarbonsolutions.com

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