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TECO 2030 ASA is an innovative engineering and equipment development company with focus on a greener and cleaner environment. Our core objective is to identify and develop high quality, cutting edge and cost-effective solutions to significantly reduce ecological impact of maritime pollution.
TECO 2030 is striving in a fast-paced environment to help clients operate within the maritime rules and regulations at present, and to meet new standards in the future. We are aiming to become a leading provider for Green Maritime Technology, through developing and delivering solutions for a cleaner global environment.
Lysaker, Norway - 10 December 2024: Reference is made to the stock exchange notice of 14 November 2024 in which it was disclosed that a bankruptcy petition was filed against TECO 2030 ASA (the "Company"). Further reference is made to the stock exchange notice of 3 December 2024 where the implications of the bankruptcy filing of TECO 2030 Innovation Center AS were highlighted.
Lysaker, Norway – 3 December 2024: Reference is made to the stock exchange notice of 14 November 2024 in which it was disclosed that a bankruptcy petition was filed against TECO 2030 Innovation Center AS ("Innovation Center"), a wholly owned subsidiary of TECO 2030 ASA (the "Company"), with the bankruptcy hearing scheduled for 5 December 2024. In light of recent developments, the board of directors of Innovation Center has made the decision to formally file for bankruptcy, and this filing has now been executed.
Lysaker, Norway – 14 November 2024: Reference is made to the stock exchange notice issued earlier today regarding the bankruptcy petition against one of the Company's subsidiaries, and the potential implications for the Company as a result of a parent company guarantee in favor of a creditor to the subsidiary. The Company has this evening received a bankruptcy petition following failure to pay its obligations under the parent company guarantee. In light of this situation, the board of directors will convene to evaluate the circumstances to decide on the best course of action. The Company remains committed to engaging with all relevant stakeholders to explore viable options moving forward. Further updates will be provided as the situation evolves.
Lysaker, Norway – 14 November 2024: A bankruptcy petition has been filed against TECO 2030 Innovation Center AS ("Innovation Center"), a wholly owned subsidiary of TECO 2030 ASA (the "Company"), by the Norwegian Tax Authority. The petition has been submitted to the Midtre Hålogaland District Court, with a hearing scheduled for 5 December 2024.
(Lysaker, Norway – October 31, 2024): TECO 2030 ASA (OSE: TECO) today announced that it is launching a potential capitalization process for its U.S. subsidiary, TECO 2030 Inc., with the strategic guidance of investment banking advisor Hamilton Clark Sustainable Capital Inc. (HamiltonClark). If successful, the capital infusion would be directed toward establishing a high-capacity fuel cell production facility in the United States, aimed at preparing for the anticipated surge in demand for hydrogen-based solutions in transportation, data centers, heavy industry, and other critical sectors.
(Lysaker, Norway, September 26th, 2024) – TECO 2030 is excited to announce a strategic shift from manufacturing fuel cells in Norway at present, to positioning itself as a global technology provider. By offering licensing agreements to international partners, TECO 2030 is poised to accelerate the global adoption of its fuel cell technology in heavy-duty applications. This shift allows the company to focus on its core technology to unlock new international growth opportunities. Stack production might still take place in Norway.
(Lysaker, Norway, September 20th 2024): TECO 2030 (OSE: TECO, OTC: TECFF, ISIN: NO0010887516) releases its H1 2024 Report.
(Lysaker, Norway, September 3rd, 2024): TECO 2030 (OSE: TECO, OTC: TECFF, ISIN: NO0010887516) has today registered the share capital increase in reference to the stock exchange notice on August 30th, 2024.
(Lysaker, Norway, August 30th, 2024) – With reference to the agreement with the Indian publicly listed company Advait Infratech Limited ("Advait") (BOM: 543230) previously announced on April 16 2024, TECO 2030 ASA (OSE: TECO) is pleased to announce that it has formally closed another tranche of the agreed investment of USD 4 million. This second investment amounts to approx. NOK 10.5 million (USD 1 million) at a price of NOK 2.00 per share by issuing 5,283,500 new shares.
(Lysaker, Norway, August 30th 2024): TECO 2030 (OSE: TECO, OTC: TECFF, ISIN: NO0010887516) and the HyEkoTank consortium are proud to announce that Samskip has been formally approved by the EU as partner in the HyEkoTank project. The consortium also announces that the vessel to be retrofitted with their zero-emission technology will be Samskip’s MPP vessel Kvitnos.
(Lysaker, Norway, August 16th, 2024): TECO 2030 (OSE: TECO, OTC: TECFF, ISIN: NO0010887516) has today registered the share capital increase in reference to the stock exchange notice on June 25th 2024.
(Lysaker, Norway, August 12th, 2024): TECO 2030 (OSE: TECO, OTC: TECFF, ISIN: NO0010887516) has today registered the share capital increase in reference to the stock exchange notice on July 26th 2024. This registration makes the first tranche in the private placement towards Advait Infratech Limited complete. The second and final investment tranche of USD 3 million (approx. NOK 33 million) will follow shortly.
The Annual General Meeting of TECO 2030 ASA was held today July 31st, 2024. All resolutions were adopted in accordance with the Board's proposal and the Nomination Committee's recommendation.
(Lysaker, Norway, July 26th 2024) – With reference to the agreement with the Indian publicly listed company Advait Infratech Limited ("Advait") (BOM: 543230) previously announced on April 16, TECO 2030 ASA (OSE: TECO) is pleased to announce that it has formally closed the first tranche of the agreed investment of USD 4 million (approx. NOK 44 million). This first investment amounts to NOK 11 million at a price of NOK 2.00 per share by issuing 5,500,000 new shares.
(Lysaker, Norway, July 17th 2024) The shareholders in TECO 2030 ASA (OSE: TECO, OTCQX: TECFF, ISIN: NO0010887516) are hereby given notice of the Annual General Meeting (AGM) on July 31st 2024 at 10:00 CET.
(Lysaker, Norway, July 17th 2024) TECO 2030 ASA (OSE: TECO, OTCQX: TECFF, ISIN: NO0010887516) releases its Annual Report 2023 and ESG Report 2023.
(Lysaker, Norway, July 1st 2024): Reference is made to the announcement by TECO 2030 ASA (OSE: TECO, OTC: TECFF, ISIN: NO0010887516) on June 19th 2024 regarding the conversion of convertible bonds.
TECO 2030 ASA (OSE: TECO, OTC: TECFF, ISIN: NO0010887516) held an Extraordinary General Meeting on June 25th 2024. All resolutions were adopted in accordance with Board's proposal.
(Lysaker, Norway, June 19th, 2024): TECO 2030 (OSE: TECO, OTC: TECFF, ISIN: NO0010887516) Reference is made to the stock exchange notice published on April 12th, 2024.
(Lysaker, Norway, June 14th 2024): TECO 2030 (OSE: TECO, OTC: TECFF, ISIN: NO0010887516) together with BLOM Maritime and Samskip receive a grant for a pre-project aiming to retrofit Samskip’s vessel Kvitnos with TECO 2030 fuel cells and hydrogen fuel.
TECO 2030 ASA is an innovative engineering and equipment development company with focus on a greener and cleaner environment. Our core objective is to identify and develop high quality, cutting edge and cost-effective solutions to significantly reduce ecological impact of maritime pollution.
TECO 2030 is striving in a fast-paced environment to help clients operate within the maritime rules and regulations at present, and to meet new standards in the future. We are aiming to become a leading provider for Green Maritime Technology, through developing and delivering solutions for a cleaner global environment.