Asker,19.06.2024 Argeo Robotics AS, a wholly owned subsidiary ofArgeo 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 , andSingapore . Since its incorporation, Argeo has carried out complex projects for some ofNorway's largest companies in the field. The company is listed on The Euronext Growth inOslo under the ticker: ARGEO. Please visit www.argeo.no for more information.
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