TECO 2030 ASA has commenced trading on the U.S. OTCQB Venture Market
“We are delighted to be secondary trading on the OTCQB Venture Market, as this will give U.S.-based investors increased access to our shares and expand our financial flexibility through exposure in a broader marketplace,” said Tore Enger, Chief Executive Officer of TECO 2030 ASA.
“Sustainability is in our DNA, and with the green transition within the international maritime industry picking up speed, we are pleased to provide investors with an attractive means of investing in greener and cleaner shipping,” Enger said.
TECO 2030 is a Norwegian company that is working to make international shipping better for both the climate and the environment. The company is doing this by developing new technology that can help reduce emissions and pollution from ships, such as hydrogen fuel cells and carbon capture solutions.
With the TECO 2030 Marine Fuel Cell, ships can switch from fossil fuels to climate-friendly hydrogen. They will then be able to operate completely emissions-free and can cruise around while emitting nothing but water and warm air.
Meanwhile, TECO 2030’s exhaust gas cleaning system for ships, the TECO 2030 Future Funnel, removes pollutants from ship emissions. It will soon also be able to capture and store the CO2 that the vessels would otherwise have emitted into the air, and which woud then have contributed to climate change.
The OTCQB Venture Market is the OTC Market Group’s market for U.S. and international companies in entrepreneurial or development stage. TECO 2030 ASA begins trading on OTCQB under the symbol “TECFF”. U.S. investors can find current financial disclosure and quotes for the company on https://www.otcmarkets.com/stock/TECFF/overview.
For more information, please contact:
- Tore Enger, CEO of TECO 2030 ASA. +47 920 83 800, tore.enger@teco2030.no
About TECO 2030
TECO 2030 (OSE: TECO) tackles one of the biggest environmental challenges of our time: How can we combine continued economic growth with reduced emissions? By developing hydrogen fuel cells, TECO 2030 enables ships and other heavy-duty applications to become emissions-free. The company also delivers other solutions to help the maritime industry reduce its environmental footprints, such as exhaust gas cleaning and carbon capture systems for ships.
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Tore EngerCEO
Tel:+4792083800tore.enger@teco.noImages
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About TECO 2030 ASA
TECO 2030 (OSE: TECO) aims to tackle one of the biggest environmental challenges of our time: How to combine growing global shipping volumes with reduced emissions. We believe the shipping industry can move to zero emissions by implementing new technologies, with hydrogen-based fuel cells as the ultimate solution. TECO 2030 - powering the maritime industry's transition to renewable energy.
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Latest releases from TECO 2030 ASA
TECO 2030 Receives AIP from DNV for Onboard Compressed Hydrogen Fuel Systems19.3.2024 07:00:00 CET | Press release
(Lysaker, Norway, March 19th 2024): TECO 2030 (OSE: TECO, OTC: TECFF, ISIN: NO0010887516) is proud to announce that it has received an additional Approval in Principle (AiP) from DNV regarding compressed hydrogen fuel systems. This milestone achievement marks a significant step forward in the development of sustainable propulsion solutions for the maritime industry.
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 Yokogawa Take Partnership to the Next Stage with Delivery of One TECO Fuel Cell Stack28.2.2024 07:00:00 CET | Press release
(Lysaker, Norway, February 28th 2024): TECO 2030 (OSE: TECO, ISIN: NO0010887516) announces that for the next step in its partnership with Yokogawa, the global industrial automation company, it will be delivering a TECO fuel cell stack of 100kW to the Yokogawa global headquarters in Tokyo before the end of Q1 2024.
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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