TECO 2030 ASA

Shares of TECO 2030 successfully listed

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Lysaker, Norway, 12 October 2020: TECO 2030 ASA (OSE: TECO-ME) today started trading on Merkur Market, a multilateral trading facility operated by the Oslo Stock Exchange, giving investors an opportunity to invest in the transformation of the world’s shipping fleet to zero emissions.
Oslo, Norway, October 12 2020: TECO 2030 ASA (OSE: TECO-ME) started trading today on Merkur Market, a multilateral trading facility operated by the Oslo Stock Exchange, giving investors an opportunity to invest in the transformation of the world’s shipping fleet to zero emissions. (Foto: Thomas Brun / NTB Kommunikasjon)
Oslo, Norway, October 12 2020: TECO 2030 ASA (OSE: TECO-ME) started trading today on Merkur Market, a multilateral trading facility operated by the Oslo Stock Exchange, giving investors an opportunity to invest in the transformation of the world’s shipping fleet to zero emissions. (Foto: Thomas Brun / NTB Kommunikasjon)

“This is the first page of a new chapter for TECO 2030. The listing gives us a platform from which we can work even more effectively to support the shipping industry’s move from yesterday’s technology to the technology of the future, hydrogen-based fuel cells.,” said Tore Enger, CEO of TECO 2030 ASA.

TECO 2030 develops the TECO Marine Fuel Cell, a modular hydrogen Proton Exchange Membrane fuel cell system specifically designed for heavy-duty marine applications, offering emission free propulsion by using hydrogen as fuel. The company also supplies other technology products aimed at reducing the environmental footprint of the shipping industry.

The listing follows a public share offering raising NOK 80 million at a price of NOK 40 per share, corresponding to a pre-money equity value of NOK 400 million. Following the offering, the company has more than 450 new shareholders.

 For further information please visit www.teco2030.no

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Oslo, Norway, October 12 2020: TECO 2030 ASA (OSE: TECO-ME) started trading today on Merkur Market, a multilateral trading facility operated by the Oslo Stock Exchange, giving investors an opportunity to invest in the transformation of the world’s shipping fleet to zero emissions. (Foto: Thomas Brun / NTB Kommunikasjon)
Oslo, Norway, October 12 2020: TECO 2030 ASA (OSE: TECO-ME) started trading today on Merkur Market, a multilateral trading facility operated by the Oslo Stock Exchange, giving investors an opportunity to invest in the transformation of the world’s shipping fleet to zero emissions. (Foto: Thomas Brun / NTB Kommunikasjon)
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About TECO 2030 ASA

TECO 2030 ASA
TECO 2030 ASA
Lysaker Torg 45
1366 Lysaker

+47 672 00 300http://www.teco2030.no

TECO 2030 (OSE: TECO) 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.

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Latest releases from TECO 2030 ASA

TECO 2030 and Umoe Mandal receives preliminary approval for high-speed vessel design29.2.2024 07:00:00 CET | Press release

(Lysaker, Norway, February 29th, 2024): TECO 2030 (OSE: TECO, OTC: TECFF, ISIN: NO0010887516) and Umoe Mandal successfully receives “approval of preliminary design” from the Norwegian Maritime Authority for a multimegawatt hydrogen fuel cell powered high-speed vessel design. The preliminary approval is a result of the application submitted earlier this month and is the first stage of the design and approval process for constructing a fuel cell powered vessel.

TECO 2030 and Umoe Mandal submits fuel cell high-speed vessel design for approval in principle1.2.2024 12:15:00 CET | Press release

(Lysaker, Norway, February 1st, 2024): TECO 2030 (OSE: TECO, OTCQX: TECFF, ISIN: NO0010887516) and Umoe Mandal has just delivered the documentation package to the Norwegian Maritime Authority for an approval in principle application of the World’s first fuel cell high-speed vessel design. The designed vessel is designed to be installed with a multimegawatt fuel cell system for full propulsion.

TECO 2030 with partners starts second EU Horizon project, granted over EUR 2.3 million22.1.2024 12:50:00 CET | Press release

(Lysaker, Norway, January 22nd 2024): TECO 2030 (OSE: TECO, OTCQX: TECFF, ISIN: NO0010887516) commends it’s second EU Horizon Project, Zero Emission Adriatic Ship – ZEAS, together with 13 partners from various European Countries. The overall project grant from EU Horizon is over EUR 13.5 million, where over EUR 2.3 million is reserved to TECO 2030’s deliverable of 1.2 megawatts (MW) of fuel cells for full vessel propulsion.

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