Asker, 19.06.2024 Argeo Robotics AS, a wholly owned subsidiary of Argeo AS, has
been granted a new patent from the Norwegian Industrial Patent office
(Patentstyret) using acoustic sensors for tracking buried pipelines/objects
below the seafloor. 

The patent protects an innovative use of acoustic sensors on AUVs to follow an
object even when it is buried. The innovation is a solution to the challenge of
following a pipeline with an AUV. The method can be combined with Argeo's
electromagnetic sensor system, Argeo Listen, to acoustically track a buried
pipeline while simultaneously inspecting the pipeline measuring its
electromagnetic field.   

This latest patent marks the sixth (6) successful grant for Argeo from its
Intellectual Rights portfolio under Argeo Robotics since its listing in 2021. 

Trond F. Crantz, CEO of Argeo, emphasizes, "This patent contributes to enhancing
our competitive edge, strengthening our offering for efficient pipeline
inspections and reinforces our intellectual property portfolio." 

Thorbjørn Rekdal, CTO at Argeo, states, "Tracking objects that are buried below
the seafloor has been a challenge for the industry. This invention offers a
solution that we are delighted to have protected with a patent."

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, Edinburgh, Houston, Rio de Janeiro,
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.