Teco2030

TekBot · mai 30, 2022, 5:01am

TECO 2030 secures 70.6 MNOK in secured convertible loan

30.5.2022 07:00:00 CEST | TECO 2030 ASA | Additional regulated information
required to be disclosed under the laws of a member state

…

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(Lysaker, Norway, 30 May 2022) TECO 2030 ASA (the “Company” or “TECO 2030”)
(OSE: TECO) has today secured 70.6 MNOK in a secured convertible loan from new
and existing investors, including the Company’s Saudi Arabian partner and its
landlord in Narvik.

The convertible loan has a term of 3 years, an interest of 8 % p.a. and can be
converted by the shareholders at a conversion rate of 5,0868 NOK. TECO 2030 is
very pleased with the interest gained in the issuance of the convertible loan,
and the trust provided by the existing shareholders at the annual general
meeting held on May 20th 2022, where the shareholders approved an authorization
to the Board of Directors to issue a convertible loan of up to 120 MNOK.

“We are excited to close the first tranche of the convertible bond for an amount
of 70.6 MNOK, and will start the work towards raising the remaining authorized
amount immediately,” says Tore Enger, Group CEO, TECO 2030 ASA. Enger also adds
“The proceeds will be used towards the development of our fuel cells, and other
general corporate purposes.”

DISCLOSURE REGULATION

This information is subject to the disclosure requirements pursuant to section
5-12 of the Norwegian Securities Trading Act.

CONTACTS

Pål Christian Johnsen, CFO, +47 412 76 747, pcj@teco2030.no

Tore Enger, CEO of TECO 2030 ASA, +4792083800, tore.enger@teco2030.no

ABOUT TECO 2030 ASA

About TECO 2030 ASA

TECO 2030 accelerates the green transition in the maritime sector by delivering
technology that helps ships to reduce their environmental and climate impacts.
TECO 2030 is developing hydrogen fuel cells that enable ships and other
heavy-duty applications to become emissions-free. The company is also developing
other solutions that can help the maritime industry to reduce its emissions,
such as exhaust gas cleaning and carbon capture systems for ships. TECO 2030 was
founded in 2019 and is headquartered at Lysaker, Norway. The company is listed
on Euronext Growth on Oslo Stock Exchange under TECO. TECO 2030 has its roots in
the TECO Maritime Group, a group that has provided technology and repair
services to the global shipping industry since 1994. For more information,
please visit www.teco2030.no - http://www.teco2030.no.

ATTACHMENTS

Download announcement as PDF.pdf -
https://kommunikasjon.ntb.no/ir-files/17847477/1492/2043/Download%20announcement
%20as%20PDF.pdf

Kilde

TekBot · mai 31, 2022, 5:00am

TECO 2030 releases Q1 2022 Report

31.5.2022 07:00:00 CEST | TECO 2030 ASA | Half yearly financial reports and
audit reports / limited reviews

…

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(Lysaker, Norway, May 31st, 2022) TECO 2030 ASA (the “Company” or “TECO 2030”)
(OSE: TECO) releases its Q1 2022 Report. The report is attached to this Stock
Exchange Notice and can be found on the Company’s website.

TECO2030 has reached a series of significant milestones and great progress with
the fuel cell development through Q1 2022. Through Q1 we have made several
important steps towards positioning ourselves as a leading provider of complete
hydrogen fuel cell powertrain:

The Company raised approx. MNOK 6.7 in new equity through Q1 in a private
placement.

The Company signed a MoU with Gen2 Energy AS to investigate supply of green
hydrogen from Gen2 Energy, and fuel cells from TECO 2030 for relevant projects
within the seaborn hydrogen value chains.

The Company signed a strategic cooperation agreement with Al-Misehal Group in
the Kingdom of Saudi Arabia (KSA). The strategic cooperation agreement aims to
result in a Joint Venture between the parties with the purpose of conducting
business within KSA. The Joint Venture will help the KSA achieving its Vision
2030 goals and reducing the Kingdom’s environmental emissions.

On March 1st, 2022, the Norwegian Prime Minister Jonas Gahr Støre, visited the
Innovation Center in Narvik. The Prime Minister was impressed with the facility
and production plans, further he elaborated that the Company’s strategy was
aligned with the Governments goal of reducing GHG emissions and creating a
leading green technology environment in Norway.

The Company sold 2 BWTS systems during Q1 2022.

The Company signed a Letter of Intent with Narvik Hydrogen AS to cooperate on
relevant projects with a goal of developing a complete hydrogen value chain.

Way forward:

2022 has started off as expected, the major development projects are well under
way in 2022. The fuel cell segment is expected to reach a level where the first
prototype systems are ready for delivery in first half of 2023. The same applies
for the maritime carbon capture and storage system (CCS); however, the first
prototypes are expected in later in 2023. For CCS technologies, we are working
on a few case studies with various CCS technologies. Both segments will
strengthen the Group’s position as an upcoming leading provider of green
technology to the marine and heavy-duty application industries.

Through 2022 we are expected to see major progress for the planning and
installation of equipment at the Innovation Center in Narvik. The planning phase
is already well under way, and we expect several milestones to be reached
through the remaining months of 2022.

“I am humble and proud of the dedication shown among all TECO2030 employees to
continue with the world-leading fuel cell development and the production
facility in Narvik, in line with customer expectations, market trends and
upcoming environmental regulations,” said Tore Enger, Group CEO, TECO2030. He
also adds “I expect the remaining part 2022 to be an exciting year for the
company with several projects being lifted to reach new milestones and look
forward to strengthening existing and establishing new partnerships.”

DISCLOSURE REGULATION

This information is subject to the disclosure requirements pursuant to section
5-12 of the Norwegian Securities Trading Act.

CONTACTS

Pål Christian Johnsen, CFO, +47 412 76 747, pcj@teco2030.no

Tore Enger, CEO of TECO 2030 ASA, +4792083800, tore.enger@teco2030.no

ABOUT TECO 2030 ASA

TECO 2030 accelerates the green transition in the maritime sector by delivering
technology that helps ships to reduce their environmental and climate impacts.
TECO 2030 is developing hydrogen fuel cells that enable ships and other
heavy-duty applications to become emissions-free. The company is also developing
other solutions that can help the maritime industry to reduce its emissions,
such as exhaust gas cleaning and carbon capture systems for ships. TECO 2030 was
founded in 2019 and is headquartered at Lysaker, Norway. The company is listed
on Euronext Growth on Oslo Stock Exchange under TECO. TECO 2030 has its roots in
the TECO Maritime Group, a group that has provided technology and repair
services to the global shipping industry since 1994. For more information,
please visit www.teco2030.no - http://www.teco2030.no.

ATTACHMENTS

Download announcement as PDF.pdf -
https://kommunikasjon.ntb.no/ir-files/17847477/1498/2054/Download%20announcement
%20as%20PDF.pdf

TECO 2030 Q1 Report 2022.pdf -
https://kommunikasjon.ntb.no/ir-files/17847477/1498/2053/TECO%202030%20Q1%20Repo
rt%202022.pdf

Kilde

TekBot · juni 7, 2022, 11:01am

TECO 2030 ASA commences trading on the OTCQX Market

7.6.2022 13:01:00 CEST | TECO 2030 ASA | Non-regulatory press releases

(Lysaker, Norway / New York, USA, June 7th 2022) TECO 2030 (OTCQX: TECFF, OSE:
…

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TECO) has today been upgraded from the OTCQB Venture Market to OTCQX. Today
marks the first day of trading on the OTCQX. Trading on OTCQX will enhance the
visibility and accessibility of the Company’s shares to U.S. investors.

The OTCQX Best Market provides value and convenience to U.S. investors, brokers
and institutions seeking to trade TECFF. The OTCQX Best Market is OTC Markets
Group’s premier market for established, investor-focused U.S. and international
companies. To be eligible, companies must meet high financial standards, follow
best practice corporate governance, demonstrate compliance with U.S. securities
laws, be current in their disclosure, and have a professional third-party
sponsor introduction.

“This marks another milestone on our voyage to zero emission hydrogen-based fuel
cell energy generation, and increase our visibility in the United States,” says
Tore Enger, Group CEO, TECO 2030 ASA. “We are pleased to have commenced trading
on OTCQX and looking forward to welcoming new and more U.S based investors,”
Enger adds.

CONTACTS

Pål Christian Johnsen, CFO, +47 412 76 747, pcj@teco2030.no

Tore Enger, CEO of TECO 2030 ASA, +4792083800, tore.enger@teco2030.no

ABOUT TECO 2030 ASA

TECO 2030 accelerates the green transition in the maritime sector by delivering
technology that helps ships to reduce their environmental and climate impacts.
TECO 2030 is developing hydrogen fuel cells that enable ships and other
heavy-duty applications to become emissions-free. The company is also developing
other solutions that can help the maritime industry to reduce its emissions,
such as exhaust gas cleaning and carbon capture systems for ships. TECO 2030 was
founded in 2019 and is headquartered at Lysaker, Norway. The company is listed
on Euronext Growth on Oslo Stock Exchange under TECO. TECO 2030 has its roots in
the TECO Maritime Group, a group that has provided technology and repair
services to the global shipping industry since 1994. For more information,
please visit www.teco2030.no - http://www.teco2030.no.

ATTACHMENTS

Download announcement as PDF.pdf -
https://kommunikasjon.ntb.no/ir-files/17847477/1516/2071/Download%20announcement
%20as%20PDF.pdf

Kilde

TekBot · juni 13, 2022, 11:00am

TECO 2030 launches hydrogen tanker concept with partners, Hy-Ekotank

13.6.2022 13:00:00 CEST | TECO 2030 ASA | Non-regulatory press releases

(Lysaker, Norway, June 13th 2022) TECO 2030 (OSE: TECO, OTCQX: TECFF) launches
…

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hydrogen powered tanker concept, Hy-Ekotank, together with our partners Ektank
AB, Shell Shipping and Maritime, and DNV.

The hydrogen powered tanker will allow zero emission at berth, and up to 100%
reduction of GHG emissions during voyage. This pioneering concept could become a
first mover in this maritime shipping segment and contribute to the developments
of achieving the ambitious climate targets committed by the European Union. As
part of the European Green Deal, the EU has committed to reducing GHG emissions
by 55% by 2030, and a binding target of achieving climate neutrality by 2050.
Under the ‘Fit for 55 package’ the EU is currently developing its climate,
energy and transport-related legislation to align current laws with the 2030 and
2050 ambitions.

It is therefore a great and ever-increasing need for technological innovation in
zero-emission solutions developed for maritime transport, in particular for
retrofitting of existing ships. Switching from traditional petroleum-based
marine fuels to zero-carbon alternatives such as hydrogen can drastically shrink
shipping’s climate impact.

“We are pleased to contribute with our high-quality and energy-efficient vessels
towards the development of zero-emission technologies to meet environmental
demands and regulations. We are delighted with how suitable our vessels fit into
the concept of Hy-Ekotank which is aligned perfectly with our Company’s
environmental strategy,” says Jörgen Johnsson, CEO Ektank AB.

“We’re working with our customers and across sectors to accelerate the
transition to Net-Zero Emissions. We will contribute to a Net-Zero world, where
society stops adding to the total amount of greenhouse gas emissions in the
atmosphere. That’s why we’ve set a target to become a Net-Zero Emissions energy
business by 2050. We’re partnering with customers, businesses, and others to
address emissions. This pioneering fuel cell concept will reduce carbon
emissions in the maritime sector. We’ll continue to drive innovation to provide
the cleaner energy that our customers need.” says Stephen Brown, Technology
Manager, Shell Shipping and Maritime.

“We are humble to work on Hy-Ekotank with Ektank, Shell and DNV, as we believe
these partners are a perfect match. With a cargo owner, shipowner,
classification society, and a fuel cell provider, we will show the world what
hydrogen is capable of doing for the maritime shipping industry. Remember it is
all about eliminating emissions, and increasing value-adding activities,” says
Tore Enger, Group CEO, TECO 2030.

CONTACTS

Tore Enger, CEO of TECO 2030 ASA, +4792083800, tore.enger@teco2030.no

ABOUT TECO 2030 ASA

TECO 2030 accelerates the green transition in the maritime sector by delivering
technology that helps ships to reduce their environmental and climate impacts.
TECO 2030 is developing hydrogen fuel cells that enable ships and other
heavy-duty applications to become emissions-free. The company is also developing
other solutions that can help the maritime industry to reduce its emissions,
such as exhaust gas cleaning and carbon capture systems for ships. TECO 2030 was
founded in 2019 and is headquartered at Lysaker, Norway. The company is listed
on Euronext Growth on Oslo Stock Exchange under TECO. TECO 2030 has its roots in
the TECO Maritime Group, a group that has provided technology and repair
services to the global shipping industry since 1994. For more information,
please visit www.teco2030.no - http://www.teco2030.no.

ATTACHMENTS

Download announcement as PDF.pdf -
https://kommunikasjon.ntb.no/ir-files/17847477/1537/2105/Download%20announcement
%20as%20PDF.pdf

20220609 TECO 2030 launches hydrogen tanker concept with partners.pdf -
https://kommunikasjon.ntb.no/ir-files/17847477/1537/2104/20220609%20TECO%202030%
20launches%20hydrogen%20tanker%20concept%20with%20partners.pdf

Kilde

TekBot · juni 27, 2022, 8:32am

TECO2030 receives BWTS order

27.6.2022 10:31:42 CEST | TECO 2030 ASA | Additional regulated information
required to be disclosed under the laws of a member state

…

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(Lysaker, Norway, June 27th, 2022): TECO 2030 ASA (OSE: TECO) has received an
order for 1 TECO 2030 Ballast Water Treatment System (BWTS) powered by BIO-SEA
from CMI Ship Management, for the ship M/V Quest, worth approximately NOK 800
000.

This is the 5th BWTS system CMI orders from TECO 2030’s team in Miami, USA. This
confirms TECO 2030’s position in the market as a preferred BWTS partner and
proves our capabilities to cooperate with clients around the world.

Ballasts are reservoirs used to stabilize ships according to their load. In
order to prevent invasive species from travelling from one region to another,
and possible health issues, a ship’s ballast water needs to be treated before
being discharged back to sea. Our system complies with the new G8 rules which
were put in force in October 2020. TECO 2030 Ballast Water Treatment System
complies with International Maritime Organization and United States Coast Guard
rules.

“The sale of existing and proven technology to reduce emissions and pollution
from ships, means TECO 2030 will have meaningful revenue streams while we work
on our most ambitious project, the development of the TECO 2030 Marine Fuel
Cell, a hydrogen-based fuel cell specifically developed for maritime use,” says
Tore Enger, Group CEO of TECO 2030.

“The order from CMI Ship Management, perfectly illustrates this combination of
short-term sales and long-term development. By 2024, all ships will need a
ballast water treatment system,” Mr. Enger added.

DISCLOSURE REGULATION

This information is subject to the disclosure requirements pursuant to section
5-12 of the Norwegian Securities Trading Act.

CONTACTS

Tore Enger, CEO of TECO 2030 ASA, +4792083800, tore.enger@teco2030.no

ABOUT TECO 2030 ASA

TECO2030 accelerates the green transition in the maritime sector by delivering
technology that helps ships to reduce their environmental and climate impacts.
TECO2030 is developing hydrogen fuel cells that enable ships and other
heavy-duty applications to become emissions-free. The company is also developing
other solutions that can help the maritime industry to reduce its emissions,
such as exhaust gas cleaning and carbon capture systems for ships. TECO2030 was
founded in 2019 and is headquartered at Lysaker, Norway. The company is listed
on Euronext Growth on Oslo Stock Exchange under the ticker TECO. TECO2030 has
its roots in the TECO Maritime Group, a group that has provided technology and
repair services to the global shipping industry since 1994. For more
information, please visit www.teco2030.no - http://www.teco2030.no

ATTACHMENTS

Download announcement as PDF.pdf -
https://kommunikasjon.ntb.no/ir-files/17847477/1571/2145/Download%20announcement
%20as%20PDF.pdf

Kilde

TekBot · juli 4, 2022, 5:02am

TECO 2030 has received funding for developing the high-speed vessel of the future

4.7.2022 07:00:01 CEST | TECO 2030 ASA | Non-regulatory press releases

(Lysaker, Norway, July 4th 2022) TECO 2030 ASA (OSE: TECO) leads a consortium
…

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with partners Umoe Mandal and BLOM Maritime to develop a hydrogen powered
high-speed vessel with zero emissions. The consortium will receive up to 5
million NOK in funding support. The vessel will combine the class-leading fuel
cell systems from TECO 2030 and energy-efficient catamaran design with SES
technology from Umoe Mandal. The vessel will have the capacity to transport
200-300 passengers at speeds above 35 knots while sailing over a longer
distance.

In the project “High-speed vessel of the future”, the county municipalities of
Finnmark, Nordland, Trøndelag and Vestland aims to develop groundbreaking
technology in several areas. One of the technology segments is to develop, build
and demonstrate the world’s first hydrogen-powered high-speed vessel. The
consortium of TECO 2030, BLOM Maritime and UMOE Mandal is one of three qualified
consortiums.

“We are humble and proud to be qualified for developing the high-speed vessel of
the future, powered by hydrogen and TECO 2030 Fuel Cells. This proves our
ability to lead advanced vessel developments and design either it is retrofit or
newbuilds through our maritime expertise,” says Tore Enger, Group CEO, TECO
2030.

“Umoe Mandal has over 30 years of experience in delivering light-weight and
energy-efficient vessels, based on the SES (Surface Effect Ship) Technology.
This includes the world’s fastest combat ship, the Skjold class corvette, and
the Wavecraft CTV series for the offshore wind market. We are excited for this
opportunity to develop and approve a hydrogen-powered zero-emission version of
our vessels” says Tom Harald Svennevig, CEO, Umoe Mandal.

Way forward

The contract contains two phases, where the consortia in 2022 and 2023 will
first develop and get their solutions approved. In the next phase, one supplier
will be chosen to build and demonstrate the newly developed vessel. The vessel
will be in pilot operation from 2025.

“By introducing hydrogen as an energy carrier for high-speed vessels, we can
create the uncompromising high-speed vessel that can replace all current
high-speed vessels in Norway,” says the county mayor in Nordland, Tomas Norvoll.

CONTACTS

Tore Enger, CEO of TECO 2030 ASA, +4792083800, tore.enger@teco2030.no

ABOUT TECO 2030 ASA

TECO2030 accelerates the green transition in the maritime sector by delivering
technology that helps ships to reduce their environmental and climate impacts.
TECO2030 is developing hydrogen fuel cells that enable ships and other
heavy-duty applications to become emissions-free. The company is also developing
other solutions that can help the maritime industry to reduce its emissions,
such as exhaust gas cleaning and carbon capture systems for ships. TECO2030 was
founded in 2019 and is headquartered at Lysaker, Norway. The company is listed
on Euronext Growth on Oslo Stock Exchange under the ticker TECO. TECO2030 has
its roots in the TECO Maritime Group, a group that has provided technology and
repair services to the global shipping industry since 1994. For more
information, please visit www.teco2030.no - http://www.teco2030.no

ATTACHMENTS

Download announcement as PDF.pdf -
https://kommunikasjon.ntb.no/ir-files/17847477/1593/2163/Download%20announcement
%20as%20PDF.pdf

Kilde

TekBot · august 2, 2022, 5:30am

TECO2030 and AVL sign agreement for closer cooperation

2.8.2022 07:30:01 CEST | TECO 2030 ASA | Non-regulatory press releases

(Lysaker, Norway, August 2nd 2022) TECO2030 (OSE: TECO) and AVL List GmbH have
…

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signed a collaboration agreement where TECO2030s fuel cell stacks will be
deployed in AVL’s DemoTruck which is powered by the HyTruck Fuel Cell System.

The DemoTruck project is currently constructing a prototype class 8 / 40-ton
truck with outstanding power density capabilities which provides a perfect form
factor to enable integration of over 300kW net fuel cell systems into standard
truck chassis. The DemoTruck prototype will be on the road in mid-2023 powered
by fuel cell stacks delivered by TECO2030.

HyTruck (in support of AVL’s DemoTruck) is a project funded by the Austrian
government and has the objective to develop, build, calibrate and validate a
heavy-duty fuel cell system including its key technologies to meet the
requirements of commercial vehicles regarding power, efficiency, reliability and
lifetime. The project consortium consists of several competent partners such as
AVL, DB Schenker, Hydrogen Europe, EI-JKU, EMT, EVN AG, FEN, FPT, HyCentA, PBX,
Rosenbauer, Technical University Vienna, VKM, and WIVA. The project will run for
36 months with the fuel cell system concept available by end of 2019. AVL will
be performing the coordination of the project as well as technical concept
development of the fuel cell powertrain, including cooling, operating strategy,
packaging and fuel cell system development.

Learn more about AVL’s HyTruck fuel cell system here:
HyTruck | Fuel Cell System - YouTube

“We are excited to team up with AVL again in a new project where our fuel cell
stacks will be validated in a class leading heavy duty truck application as
early as mid-2023! This opportunity positions TECO2030s Gigafactory in Narvik as
strong contender for the upcoming upfitter market for trucks way before the
promised market entry of the OEM’s by 2030” said Tore Enger, Group CEO at TECO
2030. “This new venture will ensure additional revenue streams for our fuel cell
stack production,” Enger adds.

“I am really excited to see the TECO2030 stacks perform in an additional
heavy-duty application other than marine. With the carbon plate stack design, we
laid the foundation for pretty much everything heavy duty and it is absolutely
key to find these common denominators across industries” said Falko Berg,
Manager PEM Systems at AVL List Gmbh. “This is the only viable way to make sure
that our customers like TECO2030 succeed and are able to utilize their upcoming
Narvik plant for additional needs besides their main business. Customers looking
for off-the-shelf solutions will be very happy to see that a this world class
facility can support their heavy-duty product in a timely manner,” Berg adds.

Learn more about AVL’s vision of the HyTruck project here:
https://youtu.be/q3CONL0xv7o

CONTACTS

Tore Enger, CEO of TECO 2030 ASA, +4792083800, tore.enger@teco2030.no

ABOUT TECO 2030 ASA

TECO 2030 accelerates the green transition in the heavy-duty application
industry by delivering technology that helps reduce their environmental and
climate impacts. TECO 2030 is developing hydrogen fuel cells that enable ships
and other heavy- duty application become emissions-free. TECO2030 has its roots
in the TECO Maritime Group, a group in supplying products along with repair and
maintenance services to the international maritime industry since 1994.

TECO 2030 is also developing other solutions that can help the maritime industry
to reduce its emissions, such as exhaust gas cleaning and carbon capture systems
for ships, to provide clients with a full portfolio of onboard decarbonization
technologies. TECO 2030 has a zero emission vision and trusts its industry
experience as a key to achieving a successful transition to a sustainable future
for the heavy-duty application industry. For more information, please visit
www.teco2030.no - http://www.teco2030.no.

ATTACHMENTS

Download announcement as PDF.pdf -
https://kommunikasjon.ntb.no/ir-files/17847477/1635/2204/Download%20announcement
%20as%20PDF.pdf

Kilde

TekBot · august 15, 2022, 5:31am

TECO2030 receives BWTS order

15.8.2022 07:30:00 CEST | TECO 2030 ASA | Additional regulated information
required to be disclosed under the laws of a member state

…

Vis børsmeldingen

(Lysaker, Norway, August 15th, 2022): TECO 2030 ASA (OSE: TECO) has received an
order for 1 TECO 2030 Ballast Water Treatment System (BWTS) powered by BIO-SEA
from CMI Ship Management, for the ship M/V Ocean Diamond, worth approximately
NOK 910 000.

This is the 6th BWTS system CMI orders from TECO2030’s team in Miami, USA. This
confirms TECO2030’s position in the market as a preferred BWTS partner and
proves our capabilities to cooperate with clients around the world.

Ballasts are reservoirs used to stabilize ships according to their load. In
order to prevent invasive species from travelling from one region to another,
and possible health issues, a ship’s ballast water needs to be treated before
being discharged back to sea. Our system complies with the new G8 rules which
were put in force in October 2020. TECO2030 Ballast Water Treatment System
complies with International Maritime Organization and United States Coast Guard
rules.

“The sale of existing and proven technology to reduce emissions and pollution
from ships, means TECO2030 will have meaningful revenue streams while we work on
our most ambitious project, the development of the TECO2030 Marine Fuel Cell, a
hydrogen-based PEM fuel cell specifically developed for maritime use,” says Tore
Enger, Group CEO of TECO 2030.

“This order from CMI Ship Management, perfectly illustrates this combination of
short-term sales and long-term development. By 2024, all ships will need a
ballast water treatment system,” Mr. Enger added.

DISCLOSURE REGULATION

This information is subject to the disclosure requirements pursuant to section
5-12 of the Norwegian Securities Trading Act.

CONTACTS

Tore Enger, CEO of TECO 2030 ASA, +4792083800, tore.enger@teco2030.no

ABOUT TECO 2030 ASA

TECO2030 accelerates the green transition in the maritime sector by delivering
technology that helps ships to reduce their environmental and climate impacts.
TECO2030 is developing hydrogen fuel cells that enable ships and other
heavy-duty applications to become emissions-free. The company is also developing
other solutions that can help the maritime industry to reduce its emissions,
such as exhaust gas cleaning and carbon capture systems for ships. TECO2030 was
founded in 2019 and is headquartered at Lysaker, Norway. The company is listed
on Euronext Growth on Oslo Stock Exchange under the ticker TECO. TECO2030 has
its roots in the TECO Maritime Group, a group that has provided technology and
repair services to the global shipping industry since 1994. For more
information, please visit www.teco2030.no - http://www.teco2030.no

ATTACHMENTS

Download announcement as PDF.pdf -
https://kommunikasjon.ntb.no/ir-files/17847477/1652/2223/Download%20announcement
%20as%20PDF.pdf

Kilde

TekBot · september 2, 2022, 5:32am

TECO 2030 publishes its results for H1 2022

2.9.2022 07:30:00 CEST | TECO 2030 ASA | Half yearly financial reports and audit
reports / limited reviews

…

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(Lysaker, Norway, 2 September 2022): Norwegian Cleantech Company TECO 2030 ASA
released results for H1 2022 today. The financial numbers are in accordance with
the board and management’s expectations for the period and clearly underlines
the development phase of which TECO 2030 currently is going through.

Most of the Group’s focus and effort is put on the development of the TECO 2030
PEM fuel cells for shipping and other heavy-duty applications. The first fuel
cell stacks will be ready end of Q4 2022, while the first FCM400 (Fuel Cell
Module 400 kW) will be built and begin testing during beginning of Q2 2023.

The first TECO 2030 fuel cell stacks for the AVL HyTruck fuel cell system will
be ready during Q1 2023.

Further, the financial numbers are somewhat marked by expenses related to the
ramp-up process of the factory in Narvik and the development team at Lysaker.

During the first half of 2022, TECO 2030 has seen a good progress in the right
direction and continues to build footprint as one of the market leaders for
maritime hydrogen fuel cells and for other heavy-duty applications. On an
overall level, the development of the fuel cells is going according to schedule
and is showing solid performance progress towards zero emission energy
generation for heavy duty applications. The development of the production plant
in Narvik is also moving forwards according to schedule with an expected start
of production of fuel cells in Q4 2023.

Furthermore, please see the attached report for a full overview of the Group’s
activities for H1 2022.

DISCLOSURE REGULATION

This information is subject to the disclosure requirements pursuant to section
5-12 of the Norwegian Securities Trading Act.

CONTACTS

Pål Christian Johnsen, CFO, +47 412 76 747, pcj@teco2030.no

Tore Enger, CEO of TECO 2030 ASA, +4792083800, tore.enger@teco2030.no

ABOUT TECO 2030 ASA

TECO2030 accelerates the green transition in the maritime sector by delivering
technology that helps ships to reduce their environmental and climate impacts.
TECO2030 is developing hydrogen fuel cells that enable ships and other
heavy-duty applications to become emissions-free. The company is also developing
other solutions that can help the maritime industry to reduce its emissions,
such as exhaust gas cleaning and carbon capture systems for ships. TECO2030 was
founded in 2019 and is headquartered at Lysaker, Norway. The company is listed
on Euronext Growth on Oslo Stock Exchange under the ticker TECO. TECO2030 has
its roots in the TECO Maritime Group, a group that has provided technology and
repair services to the global shipping industry since 1994. For more
information, please visit www.teco2030.no - http://www.teco2030.no

ATTACHMENTS

Download announcement as PDF.pdf -
https://kommunikasjon.ntb.no/ir-files/17847477/1716/2307/Download%20announcement
%20as%20PDF.pdf

20220902 TECO 2030 publishes its results for H1 2022.pdf -
https://kommunikasjon.ntb.no/ir-files/17847477/1716/2305/20220902%20TECO%202030%
20publishes%20its%20results%20for%20H1%202022.pdf

TECO2030_H1_2022.pdf -
https://kommunikasjon.ntb.no/ir-files/17847477/1716/2306/TECO2030_H1_2022.pdf

Kilde

TekBot · september 8, 2022, 5:32am

TECO 2030 signs MoU with thyssenkrupp Automation Engineering for delivery of Fuel Cell production equipment in Narvik

8.9.2022 07:30:01 CEST | TECO 2030 ASA | Non-regulatory press releases

(Hamburg, Germany, September 8th 2022) TECO 2030 (OSE: TECO) and thyssenkrupp
…

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Automation Engineering GmbH have signed a Memorandum of Understanding (MoU) to
supply the total PEM fuel cell production line to TECO 2030’s Innovation Center
in Narvik, Norway.

TECO 2030 is well under way with the planning of the production line equipment
in Narvik and is pleased to have signed a MoU with an industry leading supplier
thyssenkrupp Automation Engineering.

The MoU is the collaboration platform for the delivery and installation of the
fuel cell production line in TECO 2030’s Innovation Center in Narvik. All the
equipment will be delivered from thyssenkrupp Automation Engineering and is
intended to complete the first full production line including stack assembly,
module assembly and test equipment. This first production line will be the first
of several production lines at the TECO 2030 Innovation Center in Narvik and
will contribute to creating many new jobs in the northern Norway region.

“I believe this MoU with thyssenkrupp Automation Engineering represents the
beginning of a long-term and strong partnership. We are looking forward to
moving on with the fuel cell production project in Narvik and are excited to
team up with renowned supplier like thyssenkrupp Automation Engineering,” says
Tore Enger, Group CEO, TECO 2030.

“We are really looking forward to work with TECO 2030 in realizing zero emission
shipping and heavy industry, and their goal of establishing a complete PEM fuel
cell production line in Narvik,” Michael Menneking, CEO of thyssenkrupp
Automation Engineering.

CONTACTS

Tore Enger, CEO of TECO 2030 ASA, +4792083800, tore.enger@teco2030.no

ABOUT TECO 2030 ASA

TECO 2030 accelerates the green transition in the maritime sector by delivering
technology that helps ships to reduce their environmental and climate impacts.
TECO 2030 is developing hydrogen fuel cells that enable ships and other
heavy-duty applications to become emissions-free. The company is also developing
other solutions that can help the maritime industry to reduce its emissions,
such as exhaust gas cleaning and carbon capture systems for ships. TECO 2030 was
founded in 2019 and is headquartered at Lysaker, Norway. The company is listed
on Euronext Growth on Oslo Stock Exchange under the ticker TECO. TECO 2030 has
its roots in the TECO Maritime Group, a group that has provided technology and
repair services to the global shipping industry since 1994. For more
information, please visit www.teco2030.no - http://www.teco2030.no

ATTACHMENTS

Download announcement as PDF.pdf -
https://kommunikasjon.ntb.no/ir-files/17847477/1728/2318/Download%20announcement
%20as%20PDF.pdf

Kilde

TekBot · september 16, 2022, 8:45am

TECO 2030 launches new product concept TECO 2030 Power Barge

16.9.2022 10:45:01 CEST | TECO 2030 ASA | Non-regulatory press releases

(Lysaker, Norway, September 16th 2022): TECO 2030 (OSE: TECO) has launched a new
…

Vis børsmeldingen

product concept for its containerized fuel cells, the TECO 2030 Power Barge.

The solution comprises TECO 2030 fuel cell modules, batteries, power
electronics, safety- and automation systems, hydrogen storage, and a refueling
solution. The concept forms a scalable multimegawatt solution for electricity
production for shore power from hydrogen.

The concept allows major benefits in terms of increased safety, reduced
operational costs, reduced land area use, increased flexibility while also
eliminating harmful emissions.

“The floating and mobile solution for shore power in locations with insufficient
electrical grid and for ships at anchor will become a game changer in reducing
and eliminating harmful emissions along our coastlines and in ports. Fuel Cells
can be used for almost any application and infrastructure solutions where power
generation is needed,” said Tore Enger, Group CEO of TECO 2030.

Overall, the concept is in line with the European Commission’s proposal launched
September 14th, 2022, to make available over 5 billion euros for European
transport infrastructure projects. The funding will support projects across all
EU Member States along the Trans-European Transport Network (TEN-T) a network of
rail, inland waterways, ports, and roads that connect Europe.

The TECO 2030 Fuel Cell Generator is a complete hydrogen powered genset that can
replace both on- and offshore fossil fueled generators for shore power
solutions, strengthening of local grids, emergency generators for data centers
and more.

CONTACTS

Tore Enger, CEO of TECO 2030 ASA, +4792083800, tore.enger@teco2030.no

ABOUT TECO 2030 ASA

TECO 2030 accelerates the green transition in the maritime sector by delivering
technology that helps ships to reduce their environmental and climate impacts.
TECO 2030 is developing hydrogen fuel cells that enable ships and other
heavy-duty applications to become emissions-free. The company is also developing
other solutions that can help the maritime industry to reduce its emissions,
such as exhaust gas cleaning and carbon capture systems for ships. TECO 2030 was
founded in 2019 and is headquartered at Lysaker, Norway. The company is listed
on Euronext Growth on Oslo Stock Exchange under the ticker TECO. TECO 2030 has
its roots in the TECO Maritime Group, a group that has provided technology and
repair services to the global shipping industry since 1994. For more
information, please visit www.teco2030.no - http://www.teco2030.no

ATTACHMENTS

Download announcement as PDF.pdf -
https://kommunikasjon.ntb.no/ir-files/17847477/1750/2346/Download%20announcement
%20as%20PDF.pdf

TECO 2030 launches new product concept Power Barge.pdf -
https://kommunikasjon.ntb.no/ir-files/17847477/1750/2345/TECO%202030%20launches%
20new%20product%20concept%20Power%20Barge.pdf

Kilde

TekBot · september 30, 2022, 7:58am

TECO 2030 wins award at the ZeroEmission@Berth innovation competition

30.9.2022 09:57:42 CEST | TECO 2030 ASA | Non-regulatory press releases

(Lysaker, Norway, September 30th 2022): TECO 2030 (OSE: TECO) has been awarded
…

Vis børsmeldingen

as the winner of an innovation competition in the category of “Innovation
Concepts” with the TECO 2030 Power Barge concept. The innovation competition
ZeroEmission@Berth is hosted by The Maritime Cluster Northern Germany.

TECO 2030 is proud to announce it has been awarded as the winner in the
innovation competition category “Innovation Concepts” with the energy efficient
TECO 2030 Power Barge.

“TECO 2030 is honored to be awarded as the category winner for innovative
concepts in the ZeroEmission@Berth innovation competition. We are humble to be
selected as the winner in front of the big and leading industry players ABB OY
and Hydrogen de France. With this award, TECO 2030 proves its ability to develop
leading maritime zero emission fuel cells solutions,” says Tore Enger, Group CEO
of TECO 2030.

The ZeroEmission@Berth innovation competition was initiated by nine German ports
in search of innovative alternatives to existing shore power systems and energy
supply approaches for ships at berth, which can also contribute to reducing
emissions while ships are at sea. The seaports, represented by the respective
port infrastructure companies, want to support the path of decarbonization of
shipping with the innovation competition ‘ZeroEmission@Berth’ to enable ship
operation at the berth without emissions.

“The diverse approaches from all parts of the world surprised even the jury
members and prove that technology providers are serious about decarbonization in
the maritime industry,” says Peter Moller, MCN Branch Manager.

TECO 2030 was also awarded as the runner up in the category of “prototypes” for
its TECO 2030 Fuel Cell Power Generator. TECO 2030 congratulates CMB Germany as
the prototypes category winner. Overall, there were 3 categories, and TECO 2030
is proud to be nominated in 2 out of 3 categories.

The TECO 2030 Fuel Cell Power Generator is a complete hydrogen powered genset
that can replace both on- and offshore fossil fueled generators for shore power
solutions, strengthening of local grids, emergency generators for data centers
and more.

CONTACTS

Tore Enger, CEO of TECO 2030 ASA, +4792083800, tore.enger@teco2030.no

ABOUT TECO 2030 ASA

TECO 2030 accelerates the green transition in the maritime sector by delivering
technology that helps ships to reduce their environmental and climate impacts.
TECO 2030 is developing hydrogen fuel cells that enable ships and other
heavy-duty applications to become emissions-free. The company is also developing
other solutions that can help the maritime industry to reduce its emissions,
such as exhaust gas cleaning and carbon capture systems for ships. TECO 2030 was
founded in 2019 and is headquartered at Lysaker, Norway. The company is listed
on Euronext Growth on Oslo Stock Exchange under the ticker TECO. TECO 2030 has
its roots in the TECO Maritime Group, a group that has provided technology and
repair services to the global shipping industry since 1994. For more
information, please visit www.teco2030.no - http://www.teco2030.no

ATTACHMENTS

Download announcement as PDF.pdf -
https://kommunikasjon.ntb.no/ir-files/17847477/1778/2403/Download%20announcement
%20as%20PDF.pdf

Kilde

TekBot · oktober 9, 2022, 10:46am

TECO 2030 ASA raises approx. NOK 11 million through a private placement

9.10.2022 12:44:17 CEST | TECO 2030 ASA | Inside information

(Lysaker, Norway, October 9th 2022) - TECO 2030 ASA (OSE: TECO) is pleased to
…

Vis børsmeldingen

announce that it has raised approx. NOK 11 million through a private placement
of 2,369,920 new shares, which took place today.

The shares will be issued at a price of NOK 4.5444 per share to several
Norwegian and International investors.

The completion of the private placement and the issuance of the new shares were
resolved by TECO 2030’s Board of Directors (the “Board”) during a board meeting
on October 9th, 2022, pursuant to an authorization given at the Company’s annual
general meeting on May 20th 2022.

The Private Placement implies a deviation from the pre-emptive rights of the
existing shareholders of the Company. The Board has considered this and is of
the view that it would be in the best interest of the Company and its
shareholders to deviate from the existing shareholders’ pre-emptive right to the
Offer Shares, and that this would also be in compliance with the requirements in
the Norwegian Public Limited Companies Act on equal treatment of shareholders
and the prohibition against giving anyone an unreasonable advantage at the
Company’s or the shareholders’ expense and the obligations relating to equal
treatment of shareholders, cf. section 3.1 of the Euronext Growth Rule Book Part
II and the Oslo Stock Exchange’s Guidelines on the rules of equal treatment.

In reaching this conclusion, the Board inter alia emphasized that:

The subscription price of NOK 4.5444 per share represents a modest discount of
approximately 5 % to the average share trading price of the Company’s shares
Friday, October 7th 2022.

The share issue has a very limited dilutive effect of 1.67% towards existing
shareholders.

A share issue in the form of a private placement enables the Company to
capitalize on current market conditions in an efficient manner. Alternative
transaction structures would imply a longer lead time and potentially
significant discounts.

The Company has resolved not to carry out a subsequent offering. Upon completion
of registration of the private placement, the total number of shares in TECO
2030 ASA will increase to 144,348,561 each with a nominal value of NOK 0.01.

The new shares will be listed on Euronext Growth on Oslo Stock Exchange as soon
as the share capital increase has been registered with the Norwegian Register of
Business Enterprises.

DISCLOSURE REGULATION

This information is subject to the disclosure requirements pursuant to section
5-12 of the Norwegian Securities Trading Act.

CONTACTS

Pål Christian Johnsen, CFO, +47 412 76 747, pcj@teco2030.no

Tore Enger, CEO of TECO 2030 ASA, +4792083800, tore.enger@teco2030.no

ABOUT TECO 2030 ASA

TECO 2030 accelerates the green transition in the maritime sector by delivering
technology that helps ships to reduce their environmental and climate impacts.
TECO 2030 is developing hydrogen fuel cells that enable ships and other
heavy-duty applications to become emissions-free. The company is also developing
other solutions that can help the maritime industry to reduce its emissions,
such as exhaust gas cleaning and carbon capture systems for ships. TECO 2030 was
founded in 2019 and is headquartered at Lysaker, Norway. The company is listed
on Euronext Growth on Oslo Stock Exchange under the ticker TECO. TECO 2030 has
its roots in the TECO Maritime Group, a group that has provided technology and
repair services to the global shipping industry since 1994. For more
information, please visit www.teco2030.no - http://www.teco2030.no

ATTACHMENTS

Download announcement as PDF.pdf -
https://kommunikasjon.ntb.no/ir-files/17847477/1797/2425/Download%20announcement
%20as%20PDF.pdf

20221009 TECO 2030 ASA raises approx NOK 11 million through private
placement.pdf -
https://kommunikasjon.ntb.no/ir-files/17847477/1797/2424/20221009%20TECO%202030%
20ASA%20raises%20approx%20NOK%2011%20million%20through%20private%20placement.pdf

Kilde

TekBot · oktober 9, 2022, 8:52pm

TECO 2030 ASA Mandatory Notification of Trade

9.10.2022 22:52:01 CEST | TECO 2030 ASA | Mandatory notification of trade
primary insiders

…

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(Lysaker, Norway, October 9th 2022) - Reference is made to the stock exchange
notice from TECO 2030 ASA (“TECO” or the “Company”) on October 9th 2022
regarding the private placement raising gross proceeds of approx. NOK 3.2
million through issuance of 718,895 new shares in the Company (the “Private
Placement”).

The following primary insiders and close associates of primary insiders have
subscribed for and been allocated new shares in the Private Placement, which is
regarded as PDMR/PCA trades under the Market Abuse Regulation (EU) No 596/2014:

Equitor AS, a company owned by Tor Erik Hoftun, EVP Operation in the Company
was allocated 22,005 new shares in the Private Placement and will, following
completion of the Private Placement, hold 2,667,145 shares in the company.
Hoftun also holds shares in the Company through his 2.96 % ownership in TECO
Group AS.

Erling Hoftun, Managing Director in TECO 2030 AS was allocated 22,005 new
shares in the Private Placement and will, following completion of the Private
Placement, hold 61,852 shares in the Company.

Lange Industries AS, a company owned by Sigurd Gaarder Lange, Chairman of the
Company, was allocated 22,005 new shares in the Private Placement. Lange also
holds shares in the Company through his 8 % ownership in TECO Group AS.

Marcussen Shipping AS, a company owned by Herman Marcussen, board member in
the Company was allocated 11,002 new shares in the Private Placement and
will, following completion of the Private Placement, hold 505,412 shares in
the company.

Gøril Joys Johnsen, married to Pål Christian Johnsen, CFO of the Company, was
allocated 125,429 shares in the Private Placement. She did not hold any
shares prior to this Private Placement.

TECO 2030 ASA refers to the attached notifications for persons discharging
managerial responsibilities in the company in accordance with Regulation EU
596/2014 (MAR) article 19.

DISCLOSURE REGULATION

This information is subject to the disclosure requirements pursuant to section
5-12 of the Norwegian Securities Trading Act.

CONTACTS

Pål Christian Johnsen, CFO, +47 412 76 747, pcj@teco2030.no

Tore Enger, CEO of TECO 2030 ASA, +4792083800, tore.enger@teco2030.no

ABOUT TECO 2030 ASA

TECO 2030 accelerates the green transition in the maritime sector by delivering
technology that helps ships to reduce their environmental and climate impacts.
TECO 2030 is developing hydrogen fuel cells that enable ships and other
heavy-duty applications to become emissions-free. The company is also developing
other solutions that can help the maritime industry to reduce its emissions,
such as exhaust gas cleaning and carbon capture systems for ships. TECO 2030 was
founded in 2019 and is headquartered at Lysaker, Norway. The company is listed
on Euronext Growth on Oslo Stock Exchange under the ticker TECO. TECO 2030 has
its roots in the TECO Maritime Group, a group that has provided technology and
repair services to the global shipping industry since 1994. For more
information, please visit www.teco2030.no - http://www.teco2030.no

ATTACHMENTS

Download announcement as PDF.pdf -
https://kommunikasjon.ntb.no/ir-files/17847477/1799/2432/Download%20announcement
%20as%20PDF.pdf

20221009 TECO 2030 Mandatory Notification of Trade.pdf -
https://kommunikasjon.ntb.no/ir-files/17847477/1799/2431/20221009%20TECO%202030%
20Mandatory%20Notification%20of%20Trade.pdf

Kilde

TekBot · oktober 9, 2022, 8:52pm

TECO 2030 ASA raises approx. NOK 3.2 million through a private placement

9.10.2022 22:52:01 CEST | TECO 2030 ASA | Inside information

(Lysaker, Norway, October 9th 2022) - TECO 2030 ASA (OSE: TECO) is pleased to
…

Vis børsmeldingen

announce that it has raised approx. NOK 3.2 million through a private placement
of 718,895 new shares, which took place today.

The shares will be issued at a price of NOK 4.5444 per share to primary
insiders, employees, and close related parties.

The board of directors discussed the Private Placement and whether it would be
in the best interest of the Company and the shareholders to complete this as
suggested.

The Private Placement implies a deviation from the shareholders’ preferential
right to the new shares under the Norwegian Public Limited Liability Companies
Act. The board of directors carefully considered this and was of the view that
it would be in the best interest of the Company and its shareholders to deviate
from the shareholders’ preferential right to the new shares in the Private
Placement by allocating the Offer Shares to the employees as proposed, and that
this would be in compliance with the requirements in the Norwegian Public
Limited Companies Act and the prohibition against giving anyone an unreasonable
advantage at the Company’s or the shareholders’ expense set out in the Norwegian
Securities Trading Act, Euronext Growth Oslo Rule Book - Part II section 3.1(2),
and the Oslo Stock Exchange’s Guidelines on the rules of equal treatment. It was
also noted that since the Private Placement will take place without any fees
payable to investment banks, this means the price per share is effectively
higher than it would have been with the use of such advisors.

In reaching this conclusion, the board of directors emphasised that:

The proposed subscription price of NOK 4.5444 per Offer Share is the same
price as used in the private placement concluded towards professional investors
on 9 October 2022.

The subscribers are employees of the Company and their ownership will ensure
an even stronger incentive to contribute to the Company’s success.

The size of the transaction, constituting 718,895 Offer Shares or 0.50% of the
existing shares in the Company.

The shares in the Company are liquid, so shares will be available in the
market for shareholders whose ownership percentage is diluted by the Private
Placement and who do not wish to be diluted.

The Company has resolved not to carry out a subsequent offering. Upon completion
of registration of the private placement, the total number of shares in TECO
2030 ASA will increase to 145,067,456 each with a nominal value of NOK 0.01.

The new shares will be listed on Euronext Growth on Oslo Stock Exchange as soon
as the share capital increase has been registered with the Norwegian Register of
Business Enterprises.

DISCLOSURE REGULATION

This information is subject to the disclosure requirements pursuant to section
5-12 of the Norwegian Securities Trading Act.

CONTACTS

Pål Christian Johnsen, CFO, +47 412 76 747, pcj@teco2030.no

Tore Enger, CEO of TECO 2030 ASA, +4792083800, tore.enger@teco2030.no

ABOUT TECO 2030 ASA

TECO 2030 accelerates the green transition in the maritime sector by delivering
technology that helps ships to reduce their environmental and climate impacts.
TECO 2030 is developing hydrogen fuel cells that enable ships and other
heavy-duty applications to become emissions-free. The company is also developing
other solutions that can help the maritime industry to reduce its emissions,
such as exhaust gas cleaning and carbon capture systems for ships. TECO 2030 was
founded in 2019 and is headquartered at Lysaker, Norway. The company is listed
on Euronext Growth on Oslo Stock Exchange under the ticker TECO. TECO 2030 has
its roots in the TECO Maritime Group, a group that has provided technology and
repair services to the global shipping industry since 1994. For more
information, please visit www.teco2030.no - http://www.teco2030.no

ATTACHMENTS

Download announcement as PDF.pdf -
https://kommunikasjon.ntb.no/ir-files/17847477/1798/2430/Download%20announcement
%20as%20PDF.pdf

TECO 2030 ASA raises approx NOK 3 million through private placement.pdf -
https://kommunikasjon.ntb.no/ir-files/17847477/1798/2429/TECO%202030%20ASA%20rai
ses%20approx%20NOK%203%20million%20through%20private%20placement.pdf

Kilde

TekBot · oktober 17, 2022, 6:55pm

Statement to Euronext Growth Oslo to be issued by TECO upon transfer of the Shares to the Escrow Account

TekBot · november 1, 2022, 10:45am

TECO 2030 have signed a LOI with AVL on behalf of an undisclosed truck customer for delivery of fuel cell stacks to 30 trucks based on the AVL HyTruck platform, delivery to start end of next year.

1.11.2022 11:44:31 CET | TECO 2030 ASA | Non-regulatory press releases

(Lysaker, Norway, November 1st 2022) TECO 2030 ASA (OSE: TECO, OTCQX: TECFF),
…

Vis børsmeldingen

Norwegian based clean tech company developing zero-emission technology for the
maritime and heavy-duty industry space.

This letter of intent (“LOI”) summarises the prospect of discussions between
TECO 2030 and AVL concerning the delivery of 120 fuel cell stacks. AVL has
received a request for quotation (RFQ) from a customer for the delivery of 60
automotive fuel cell systems based on the 100kW TECO2030 fuel cell stacks.

This customer project has the target to equip 30 HD trucks with fuel cell
systems based on the AVL HyTruck platform. Each of these systems would require
2x100kW stacks, which sums up to in total 120 individual stacks (total of 12mW).
The delivery of these stacks is intended to start in Q4/2023.

AVL is already working on a formal request (RFI/RFQ) for the potential
sub-supply of respective TECO2030 fuel cell stacks, such RFI/RFQ to be issued by
AVL to TECO2030 within the next 2-3 weeks. Based on that, AVL plans to enter
into detailed discussions with TECO2030 in respect to the scope of delivery, all
technical details, commercial terms as well as terms & conditions.

“This will have a huge positive impact on our production start, earlier than
anticipated, and we are confident that this will mark the start of a worldwide
green transition towards a sustainable hydrogen fuel cell future,” says Tore
Enger, Group CEO, TECO 2030 ASA.

“We see increasing traction in the adoption of fuel cell technology, in
particular in the heavy-duty truck segment. With this project, we want to
support one of our customers in bringing vehicles early to the market with a
performance and drivability not seen before with fuel cells”, says Juergen
Rechberger, Vice President Hydrogen & Fuel Cell, AVL List GmbH.

About AVL: AVL is the world’s largest independent company for the development,
simulation and testing of powertrain systems, their integration into the vehicle
as well as new fields like ADAS/AD and Data Intelligence. www.avl.com -
http://www.avl.com/

CONTACTS

Tore Enger, CEO of TECO 2030 ASA, +4792083800, tore.enger@teco2030.no

ABOUT TECO 2030 ASA

About TECO 2030: Europe’s first Giga production facility of hydrogen PEM fuel
cell stacks and modules in Narvik, Norway. The production capacity will be built
up through 2023 and early 2024, targeting an output capacity of 120 MW of fuel
cells in 2024, 400 MW in 2025 and 1.6 GW in 2030.

TECO 2030 is a Norwegian based clean tech company developing zero-emission
technology for the maritime and heavy industry. We are developing PEM hydrogen
fuel cell stacks and PEM hydrogen fuel cell modules, that enable ships and other
heavy-duty applications to become emissions-free. The company is listed on
Euronext Growth on Oslo Stock Exchange under the ticker TECO and in New York,
OTCQX under the ticker TECFF. TECO2030 is a spinoff from TECO Maritime Group, a
group that has provided technology and services to the global shipping industry
since 1994. For more information, please visit www.teco2030.no -
http://www.teco2030.no/.

ATTACHMENTS

Download announcement as PDF.pdf -
https://kommunikasjon.ntb.no/ir-files/17847477/1852/2511/Download%20announcement
%20as%20PDF.pdf

Press release undisclosed truck owner 12 MW November 2022.pdf -
https://kommunikasjon.ntb.no/ir-files/17847477/1852/2509/Press%20release%20undis
closed%20truck%20owner%2012%20MW%20November%202022.pdf

Kilde

TekBot · november 7, 2022, 10:32am

TECO 2030 Share capital increase registered

7.11.2022 11:32:11 CET | TECO 2030 ASA | Total number of voting rights and
capital

…

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(Lysaker, Norway, November 7th 2022): Reference is made to the two announcements
by TECO 2030 ASA (OSE: TECO) on October 9th 2022 regarding the private
placement.

The share capital increase pertaining to the issuance of the new shares has now
been registered with the Norwegian Register of Business Enterprises. The
Company’s new registered share capital is NOK 1,450,674.56 divided into
145,067,456 shares, each with a nominal value of NOK 0.01.

DISCLOSURE REGULATION

This information is subject to the disclosure requirements pursuant to section
5-12 of the Norwegian Securities Trading Act.

CONTACTS

Pål Christian Johnsen, CFO, +47 412 76 747, pcj@teco2030.no

ABOUT TECO 2030 ASA

About TECO 2030: Europe’s first Giga production facility of hydrogen PEM fuel
cell stacks and modules in Narvik, Norway. The production capacity will be built
up through 2023 and early 2024, targeting an output capacity of 120 MW of fuel
cells in 2024, 400 MW in 2025 and 1.6 GW in 2030.

TECO 2030 is a Norwegian based clean tech company developing zero-emission
technology for the maritime and heavy industry. We are developing PEM hydrogen
fuel cell stacks and PEM hydrogen fuel cell modules, that enable ships and other
heavy-duty applications to become emissions-free. The company is listed on
Euronext Growth on Oslo Stock Exchange under the ticker TECO and in New York,
OTCQX under the ticker TECFF. TECO2030 is a spinoff from TECO Maritime Group, a
group that has provided technology and services to the global shipping industry
since 1994. For more information, please visit www.teco2030.no -
http://www.teco2030.no/.

ATTACHMENTS

Download announcement as PDF.pdf -
https://kommunikasjon.ntb.no/ir-files/17847477/1869/2531/Download%20announcement
%20as%20PDF.pdf

Kilde

TekBot · november 11, 2022, 6:02am

TECO 2030 releases Q3 2022 results

11.11.2022 07:00:00 CET | TECO 2030 ASA | Half yearly financial reports and
audit reports / limited reviews

…

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(Lysaker, Norway, 11 November 2022): Norwegian Cleantech Company TECO 2030 ASA
(OSE: TECO, OTCQX: TECFF) released results for Q3 2022 today. The report is
attached to this Stock Exchange Notice and can be found on the Company’s
website.

The financial numbers are in accordance with the board and management’s
expectations for the period and clearly underlines the development phase of
which TECO 2030 currently is going through.

Most of the Group’s focus and effort is on the development of the TECO 2030 PEM
fuel cells for shipping and other heavy-duty applications. PEM fuel cells are
energy generators that enable zero emission ship and heavy-duty machinery
operations.

The first fuel cell stacks will be assembled and commissioned in mid-December
2022, while the first FCM400 (Fuel Cell Module 400 kW) will be assembled and
begin advanced testing during Q2 2023 at AVL’s facility in Graz, Austria. These
milestones mark the start of commercialization for TECO 2030’s fuel cell systems
and the launch of the world’s first purpose developed marine and heavy-duty zero
emission fuel cell.

The gigafactory in Narvik, Norway is in the planning and design layout phase,
and being prepared for installation of stacking equipment. The first stacks will
be built and assembled in Narvik during Q2 2023. An MoU has been signed with
thyssenkrupp Automation Engineering (tkAE) for delivery of the first complete
production line, which will be assembled and commissioned at tkAE’s facility in
Germany. Before transportation to Narvik at the end of 2023, the production
equipment will produce several tens of stacks and complete pilot production to
reduce risks when the equipment is installed in Narvik.

“I am very excited to feel, touch and see the first TECO 2030 fuel cell stack
during December 2022. I cannot wait to show the world the first heavy-duty and
marine fuel cell stack, zero emission energy generation is around the corner as
the world strives everyday to cut harmful emissions,” says Tore Enger, Group
CEO, TECO 2030.no - http://2030.no.

DISCLOSURE REGULATION

This information is subject to the disclosure requirements pursuant to section
5-12 of the Norwegian Securities Trading Act.

CONTACTS

Pål Christian Johnsen, CFO, +47 412 76 747, pcj@teco2030.no

Tore Enger, CEO of TECO 2030 ASA, +4792083800, tore.enger@teco2030.no

ABOUT TECO 2030 ASA

TECO 2030 accelerates the green transition in the maritime sector by delivering
technology that helps ships to reduce their environmental and climate impacts.
TECO 2030 is developing hydrogen fuel cells that enable ships and other
heavy-duty applications to become emissions-free. The company is also developing
other solutions that can help the maritime industry to reduce its emissions,
such as exhaust gas cleaning and carbon capture systems for ships. TECO 2030 was
founded in 2019 and is headquartered at Lysaker, Norway. The company is listed
on Euronext Growth on Oslo Stock Exchange under the ticker TECO. TECO 2030 has
its roots in the TECO Maritime Group, a group that has provided technology and
repair services to the global shipping industry since 1994. For more
information, please visit www.teco2030.no - http://www.teco2030.no

ATTACHMENTS

Download announcement as PDF.pdf -
https://kommunikasjon.ntb.no/ir-files/17847477/1883/2546/Download%20announcement
%20as%20PDF.pdf

TECO 2030 Q3 report 2022.pdf -
https://kommunikasjon.ntb.no/ir-files/17847477/1883/2545/TECO%202030%20%20Q3%20r
eport%202022.pdf

Kilde

TekBot · november 14, 2022, 6:01am

TECO 2030 raises approx. NOK 100 million through a private placement and convertible loan

14.11.2022 07:00:00 CET | TECO 2030 ASA | Inside information

(Lysaker, Norway, November 14th, 2022) TECO 2030 ASA (OSE: TECO, OTCQX: TECFF)
…

Vis børsmeldingen

(the “Company” or “TECO 2030”) is pleased to announce that it has raised approx.
NOK 70 million (USD 7,000,000) through a private placement and approx. NOK 30
million (USD 3,000,000) in a secured convertible loan from a strategic U.S.
based hydrogen investor.

Through the private placement, 13,443,875 new shares will be issued at a price
of 5.42 NOK per share, which corresponds to the 20-day volume weighted average
price prior to the agreement to issue the shares. The strategic hydrogen
investor is SunHydrogen Inc., which will hold 8.48 % of the total shares issued
in the Company following completion of the private placement, after which the
Company’s share capital will be NOK 1,585,113.31 divided into 158,511,331
shares, each with a nominal value of NOK 0.01.

The net proceeds will be used to fund the Company’s operations, fuel cell
industrialization and development projects going forward.

The payment of USD 3 million into the convertible bond loan is a continuation of
the bond loan raised in May/June 2022. TECO 2030 is very pleased with the
interest gained in the issuance of the convertible loan, and the trust provided
by the existing shareholders at the annual general meeting held on May 20th,
2022, where the shareholders approved an authorization to the Board of Directors
to issue a convertible loan of up to NOK 120 million.

ThinkEquity LLC and Fearnley Securities AS (the “Managers”) acted as joint
placement agents for the offering.

“I am pleased, humble, and proud to announce the strategic investment completed
in TECO 2030. I believe this partnership will spark the beginning of a strong
collaboration towards global hydrogen markets. This investment will also make us
more visible in the US, and I am looking forward to cooperating with SunHydrogen
on our mission towards zero emission mobility,” says Tore Enger, Group CEO, TECO
2030.

The private placement implies a deviation from the shareholders’ preferential
right to the new shares under the Norwegian Public Limited Liability Companies
Act. The board of directors carefully considered this and was of the view that
it would be in the best interest of the Company and its shareholders to deviate
from the shareholders’ preferential right to the new shares by allocating the
shares to SunHydrogen, Inc. In reaching this conclusion, the board of directors
emphasized that the Company requires additional financing to fund its
operations, fuel cell industrialization and development projects going forward
and that the benefit of a private placement is not obtainable by structures with
longer lead time, such as a rights offering.

The new shares will be listed on Euronext Growth as soon as the share capital
increase has been registered with the Norwegian Register of Business
Enterprises.

DISCLOSURE REGULATION

This information is subject to the disclosure requirements pursuant to section
5-12 of the Norwegian Securities Trading Act.

CONTACTS

Tore Enger, CEO of TECO 2030 ASA, +4792083800, tore.enger@teco2030.no

ABOUT TECO 2030 ASA

About TECO 2030: Europe’s first Giga production facility of hydrogen PEM fuel
cell stacks and modules in Narvik, Norway. The production capacity will be built
up through 2023 and early 2024, targeting an output capacity of 120 MW of fuel
cells in 2024, 400 MW in 2025 and 1.6 GW in 2030.

TECO 2030 is a Norwegian based clean tech company developing zero-emission
technology for the maritime and heavy industry. We are developing PEM hydrogen
fuel cell stacks and PEM hydrogen fuel cell modules, that enable ships and other
heavy-duty applications to become emissions-free. The company is listed on
Euronext Growth on Oslo Stock Exchange under the ticker TECO and in New York,
OTCQX under the ticker TECFF. TECO2030 is a spinoff from TECO Maritime Group, a
group that has provided technology and services to the global shipping industry
since 1994. For more information, please visit www.teco2030.no -
http://www.teco2030.no/.

ATTACHMENTS

Download announcement as PDF.pdf -
https://kommunikasjon.ntb.no/ir-files/17847477/1886/2550/Download%20announcement
%20as%20PDF.pdf

Kilde