OCEAN: Final assessment of COOL test data

Reference is made to the company's announcement of 7 September 2026 in which a
test program was executed together with SINTEF for the OGL subsidiary COOL's
cooling technology.
 
SINTEF has today completed a comprehensive report with assessments of the test
data and SINTEF's conclusions of the COOL technology, developed by the company
founder, Hans Gude Gudesen. The abstract from the reference is verified in the
final report from SINTEF.
 
By using only the customer's own waste heat to generate cooling, it is expected
to reduce the power
consumption of e.g. AI data centres substantially in the future.
 
The company's next step is to identify a suitable partner and customer to build
a demonstration unit of the cooling technology and validate its scalability.


CONTACTS
Kristian G. Lundkvist, Chair of the Board, Ocean GeoLoop ASA, tel. +47 977 77
177

ABOUT OCEAN GEOLOOP | www.oceangeoloop.com

Ocean GeoLoop ASA uses nature's own methods to solve the challenges of our time
in a circular way. The Group is organised around COOL, which develops
energy-efficient cooling solutions for AI data centres and industrial
applications, and Energi Teknikk AS, a full-service provider of equipment and
services for small hydropower plants. Captured, which developed the GeoLoop
carbon capture technology, is being scaled down. Ocean GeoLoop is listed on
Euronext Growth Oslo under the ticker OCEAN.
onext Growth Oslo under the ticker OCEAN.\