Reach Subsea (REACH)

[BullBear]

Satser på at Reach blir en skikkelig julekule

[Saksa]

Stikker nok opp lenge før desember, les; før 3Q👍

[torsteinius]

Test av Reach Remote 1

[BullBear]

På tid med oljeservice

[theroger]

Gikk en post offbook

[TekBot]

Reach Subsea has been granted up to EUR 14.3 million from the EU Innovation Fund.

Haugesund, 22 October 2024: Reach Subsea has been granted funding of up to EUR 14.3 million from the EU Innovation Fund under the Net Zero Technologies initiative.

“This is a significant step forward for Reach Subsea’s innovation agenda, our Reach Remote scale up plans and our commitment to driving sustainable ocean technology. We are excited to contribute to a cleaner, more efficient future,” says CEO, Jostein Alendal.
…

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The funding will support the scale-up of the Reach Remote project, which focuses on developing advanced remote unmanned surface vessels for efficient and sustainable operations in ocean-based industries.

The EU Innovation Fund is one of the world’s largest funding mechanisms for advancing zero-emission and innovative technologies. It aims to bring decarbonization solutions to the market, supporting the transition to climate neutrality while enhancing competitiveness.

• END -

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

About Reach Subsea:
Reach Subsea ASA Group offers high quality solutions and technology to clients in need of ocean data and services. Services are offered out of our head office in Haugesund as well as from our subsidiaries and branches located across Norway, US, UK, Cyprus, Singapore, Trinidad Brazil and Australia. The Group’s objective is to be a preferred partner and full-service provider of ocean services for clients, focusing on safety, environment, financial solidity and profitability. Our vision “Sustainable access to ocean space” underpins our commitment to the development of sustainable solutions, with stakeholder groups key interests in focus.

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.

Kilde

[Christian]

Det tilsvarer 6-7% av Reach Subsea sin Market Cap

[Metallian]

Reach får 169 millioner kroner: – Akkurat nå opplever jeg å jobbe i det...

[Christian]

https://www.dn.no/industri/altera/shipping/karbonfangst-og-lagring/enorm-tildeling-til-stavanger-selskap-soknad-pa-550-sider-ga-over-26-mrd-i-eu-stotte/2-1-1728663

169/5700 = 3%

Ikke verst for Reach Subsea å få 3% av pengene tildelt til Norge fra EU sitt innovasjonsfond. Jeg tenker at det er et kvalitetsstempel når man klarer å få slike tildelinger. Nekkar har også fått penger til sine prosjekter (fra Norge) og jeg tenker det vitner om solide selskaper med ting i orden. Det er også en solid del av R&D budsjettet til Reach Subsea.

[TekBot]

Reach Subsea Gains TotalEnergies as New Collaboration Partner for the Reach Remote USV Qualification Program

Haugesund, 29 October 2024: Reach Subsea AS announces that TotalEnergies confirms its support to the qualification pilot program of the Reach Remote USV.

Earlier this year, on June 21, Reach Subsea entered into an agreement with Equinor to conduct a technology qualification program. Today, this commitment is further reinforced with the addition of TotalEnergies and several other major energy companies.
…

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The pilot project with Equinor, TotalEnergies and others 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.

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%.

“For TotalEnergies, Uncrewed Surface Vessels present opportunities to increase safety, reduce emissions and reduce cost when performing IMR operations. In support of the ambition of achieving carbon neutrality by 2050, together with society, USVs are expected to form part of the suite of tools to support Asset Integrity across the subsea portfolio. The aim is to demonstrate safe methods of operation, and to prepare for this emerging technology” said Andy Gower, R&D Subsea Robotics Lead of TotalEnergies.

Reach Subsea is witnessing significant market interest in these USVs and is pleased to see this interest translating into tangible actions.

“We are pleased that major energy contractors are actively supporting the validation process, which is crucial to ensuring the USVs can be effectively deployed. Conducting the pilot qualification program at full scale for prospective clients who are considering the future use of USVs represents the highest level of validation for our technology” said Jostein Alendal, CEO of Reach Subsea.

The pilot program with Equinor, TotalEnergies and others is planned to be executed directly after the delivery of the vessels. 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.

• END -

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

About Reach Subsea:
Reach Subsea ASA Group offers high quality solutions and technology to clients in need of ocean data and services. Services are offered out of our head office in Haugesund as well as from our subsidiaries and branches located across Norway, US, UK, Cyprus, Singapore, Trinidad Brazil and Australia. The Group’s objective is to be a preferred partner and full-service provider of ocean services for clients, focusing on safety, environment, financial solidity and profitability. Our vision “Sustainable access to ocean space” underpins our commitment to the development of sustainable solutions, with stakeholder groups key interests in focus.

Kilde

[Christian]

Inngangen min i Reach Subsea vs OSEBX. Jeg kan ikke si jeg traff helt rent her, men de har vist at satsingen har vært verdt det. Startpunktet er fra når jeg først gikk inn. Økte heldigvis i dippen på starten der i stedet for å selge meg ut.

[Ravioli]

Jeg kom meg heldigvis ut i tide

[Christian]

Jeg solgte rundt 20% i starten av 2024. Kunne godt vært foruten det salget, men beholdt 80% og hadde økt fra 2021 og til da, så ikke noen stor krise. Pengene ble puttet i Ultimovacs, det var hakket verre.

[Ravioli]

Ja det jevner seg gjerne litt ut over tid med stang inn og stang ut. For min del hører det kanskje med at jeg fikk en skikkelig kule i argeo med reach pengene, mellom den første og den andre perioden i reach, var det vel. Det siste salget er jo bare komisk. Men sånn går det ofte hvis man ikke kjenner selskapene godt nok, da blir det vanskelig å selge. Jeg syntes reach var billig men argeo lettere å regne på.

[torsteinius]

Bjørg Mathisen Døving on LinkedIn: #icmass #reachremote

[Christian]

Topp 50 har økt med ca 700k aksjer hittil i oktober (handelen over ikke inkludert)

[torsteinius]

Massterly (a Kongsberg Wilhelmsen joint venture) on LinkedIn: This weekend,...

[TekBot]

Reach Subsea ASA - Invitation to presentation of the third quarter results 2024

Haugesund, 06 November 2024 – Reach Subsea ASA will publish its financial results for the third quarter 2024 on Tuesday 12 November 2024 at 07:00 CET. The company’s CEO Jostein Alendal and CFO Birgitte Wendelbo Johansen will host a webcast presentation of the results in English on the same day at 9:30 CET.

Webcast presentation:
…

Vis børsmeldingen

Date: 12 November 2024
Time: 09:30 CET
Webcast link: https://channel.royalcast.com/landingpage/hegnarmedia/20241112_1/

The report and presentation will be made available at https://reachsubsea.com and www.newsweb.no.
A recorded version of the presentation will be available after the live stream is concluded. Participants will have the opportunity to submit questions online throughout the webcast session.

-ENDS-

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

This information was submitted for publication by Communications and Marketing Director Jorunn Håvardsholm, on behalf of the Company at the date and time set out above.

About Reach Subsea:
Reach Subsea ASA Group offers high quality solutions and technology to clients in need of ocean data and services. Services are offered out of our head office in Haugesund as well as from our subsidiaries and branches located across Norway, US, UK, Cyprus, Singapore, Trinidad, Brazil and Australia. The Group’s objective is to be a preferred partner and full-service provider of ocean services for clients, focusing on safety, environment, financial solidity and profitability. Our vision ‘Sustainable access to ocean space’ underpins our commitment to the development of sustainable solutions, with stakeholder groups key interests in focus.

Kilde

[TekBot]

Reach Subsea ASA – Q3 2024: Continued steady progress

Haugesund, 12 November 2024: Reach Subsea ASA announces its third quarter results for 2024, demonstrating strong underlying financial performance, well above the same period last year. Revenue for the quarter stands at NOK 835 million and the EBIT at NOK 134 million. Year to date the company has reached a revenue milestone just above 2 billion NOK.

“We are driving Reach Subsea’s growth with a strong focus on profitability and high-quality services in which we are continuously expanding. Our Q3 results demonstrate steady, continued progress,” said CEO of Reach Subsea, Jostein Alendal.
…

Vis børsmeldingen

Reach Subsea’s commitment to integrating robotic solutions into the subsea industry is taking shape across its service offerings, with a special emphasis on remote operations. The Reach Remote USVs 1 and 2 will soon join the operational fleet, with final testing of Reach Remote 1 nearing completion. It is set to enter a technology qualification program with Equinor, TotalEnergies, and other major energy companies following delivery.

Reach Subsea reports strong client interest in participating in these innovative solutions, with additional momentum from a EUR 14.3 million grant to support the Reach Remote scale-up.

“Although Reach Remote 1 and 2 are slightly behind schedule, we are confident that these USVs will soon be firmly established in key markets. This is just the beginning, as we lay the foundation for a larger scale-up” said CEO of Reach Subsea Jostein Alendal.

Furthermore, Reach Subsea’s order backlog stands strong at NOK 1.5 billion which is nearly a threefold increase compared to the same quarter of 2023. The tender volume stands at 8.5 billion.

“We are facing exciting times ahead of us and with this momentum, we believe we are well-positioned to meet the growing demand in our industry” said CEO of Reach Subsea, Jostein Alendal.

Q3 2024 highlights (Q3 2023 results):
• A strong 3Q in terms of activity level and operating results driven by growth, strong market conditions and successful project execution.
• EBIT for 3Q2024 was NOK 134.1 million (NOK 112.4 million), while pre-tax result was NOK 115.0 million (NOK 92.3 million).
• Reach Remote is progressing with sea trials underway, clients lining up to be part of the solution, and the EU Innovation Fund granting EUR 14.3 million for Reach Remote scale-up.
• Strong outlook as evidenced by order backlog of NOK 1.5 billion and tender volume of NOK 8.5 billion.

-ENDS-

QUARTERLY PRESENTATION
Reach Subsea’s CEO Jostein Alendal and CFO Birgitte Wendelbo Johansen will host a webcast presentation of the results in English today at 9:30 CET.

Questions may be submitted during the presentation through the webcast player.
Webcast link: https://channel.royalcast.com/landingpage/hegnarmedia/20241112_1/

The report and presentation will be made available at https://reachsubsea.no and www.newsweb.no.
A recorded version of the presentation will be available after the live stream is concluded.

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

About Reach Subsea
Reach Subsea ASA Group offers high quality solutions and technology to clients in need of ocean data and services. Services are offered out of our head office in Haugesund as well as from our subsidiaries and branches located across Norway, US, UK, Cyprus, Singapore, Trinidad, Brazil and Australia. The Group’s objective is to be a preferred partner and full-service provider of ocean services for clients, focusing on safety, environment, financial solidity and profitability. Our vision “Sustainable access to ocean space” underpins our commitment to the development of sustainable solutions, with stakeholder groups key interests in focus.

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.

Kilde

[TekBot]

Reach Subsea ASA – Q3 2024: Vedvarende stabil fremgang

Haugesund, 12 november 2024: Reach Subsea ASA kunngjorde i dag sine resultater for tredje kvartal 2024 som demonstrerer sterke økonomiske resultater, godt over samme periode i fjor. Inntektene for kvartalet er på NOK 835 millioner og driftsresultatet (EBIT) er på NOK 134 millioner. Selskapet har nå nådd en milepæl med inntekter hittil i år på over NOK 2 milliarder.

“Vi driver Reach Subseas vekst med et sterkt fokus på lønnsomhet og tjenester av høy kvalitet som vi kontinuerlig utvider. Våre Q3-resultater viser en stabil og vedvarende fremgang,” sa Jostein Alendal, CEO i Reach Subsea.
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Vis børsmeldingen

Reach Subseas satsing på å innlemme robotiserte løsninger i subseaindustrien tar form i hele tjenestetilbudet, med spesielt fokus på fjernstyrte operasjoner. Reach Remote USV-ene 1 og 2 vil snart bli en del av den operative flåten, der slutt-testingen av Reach Remote 1 nærmer seg ferdigstillelse. Den skal inn i et teknologi-kvalifiseringsprogram sammen med Equinor, TotalEnergies og andre internasjonale energiselskaper etter levering.

Reach Subsea melder om sterk kundepågang for å delta i disse innovative løsningene, med ytterligere drivkraft fra et tilskudd på EUR 14,3 millioner for å støtte oppskaleringen av Reach Remote

“Selv om Reach Remote 1 og 2 er litt forsinket, er vi trygge på at disse USV-ene snart vil være godt etablert i viktige markeder. Dette er bare begynnelsen, ettersom vi legger grunnlaget for en større oppskalering,” sa Jostein Alendal, CEO i Reach Subsea.

Videre melder Reach Subsea om en solid ordrebok på NOK 1.5 milliarder, som tilsvarer en nesten tredobling sammenlignet med samme kvartal i 2023. Anbudsvolum meldes til 8.5 milliarder.

“Vi står overfor spennende tider, og med denne fremdriften mener vi at vi er godt posisjonert til å møte den økende etterspørselen i vår bransje “sa Jostein Alendal, CEO i Reach Subsea.

Q3 2024 høydepunkter (Q3 2023 resultater):
• Et sterkt tredje kvartal med grunnlag i aktivitetsnivå, drift og resultater, drevet av vekst, sterk markedsetterspørsel og suksessfulle prosjektleveranser.
• EBIT for 3Q2024 var på NOK 134.1 millioner (NOK 112.4 millioner) og driftsresultat før skatt på NOK 115.0 millioner (NOK 92.3 millioner)
• Reach Remote viser fremdrift med pågående sjøprøver, kunder som melder interesse for å ta i bruk løsningen, samt EU tilskudd på EUR 14.3 millioner for å støtte oppskaleringen av Reach Remote.
• Stort potensial fremover, illustrert av en ordrebok på NOK 1.5 milliarder og et anbudsvolum pålydende 8.5 milliarder.

-SLUTT-

KVARTALSPRESENTASJON
Reach Subsea ved CEO Jostein Alendal og CFO Birgitte Wendelbo Johansen vil holde en presentasjon av resultatene på engelsk i dag klokken 9:30 CET.

Spørsmål kan sendes inn under presentasjonen via nettsendingsavspilleren.
Lenke til webcast: https://channel.royalcast.com/landingpage/hegnarmedia/20241112_1/

Rapporten og presentasjonen vil bli tilgjengelig på https://reachsubsea.no og www.newsweb.no.
Et opptak av presentasjonen vil være tilgjengelig etter at direktesendingen er avsluttet.

For mer informasjon, vennligst kontakt:
Birgitte Wendelbo Johansen
Chief Financial Officer
Reach Subsea ASA
bwj@reachsubsea.no

Om Reach Subsea
Reach Subsea ASA Group tilbyr høykvalitetsløsninger og teknologi til kunder med behov for havdata og tjenester. Tjenestene tilbys fra vårt hovedkontor i Haugesund, samt fra våre datterselskaper og avdelinger lokalisert over hele Norge, USA, Storbritannia, Kypros, Singapore, Trinidad, Brasil og Australia. Gruppens mål er å være en foretrukken partner og fullserviceleverandør av havtjenester for kunder, med fokus på sikkerhet, miljø, økonomisk soliditet og lønnsomhet. Vår visjon “Bærekraftig tilgang til havrommet” understreker vårt engasjement for utviklingen av bærekraftige løsninger.

Denne informasjonen anses som innsideinformasjon i henhold til EUs regulering om markedsmisbruk (MAR) og er underlagt kravene til offentliggjøring i henhold til MAR artikkel 17 og Section 5-12 i den norske verdipapirhandelloven. Denne børsmeldingen ble publisert av Jorunn Håvardsholm, Kommunikasjons- og Markedsføringsdirektør hos Reach Subsea AS, på den angitte dato og tidspunkt.

Kilde