TECO 2030 ASA

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TECO 2030 ASA

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.

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TECO 2030 raises NOK 43 million and enters into a binding term sheet to partner with Advait Infratech Limited in India16.4.2024 08:45:00 CEST | TECO 2030 ASA | Inside information

(Norway and India, April 16th 2024) TECO 2030 ASA ("TECO 2030") (OSE: TECO, OTC: TECFF, ISIN: NO0010887516) and Advait Infratech Limited ("Advait") (BOM: 543230) have agreed on a term sheet for a partnership relating to a planned fuel cell expansion in India and SAARC countries. Simultaneously, Advait has committed to invest approx. NOK 43 million (USD 4 million) through a private placement of new shares in TECO 2030, at a price per share of NOK 2.00. TECO 2030 Board has agreed to resolve the private placement pursuant to the authorization granted to the Board by the annual general meeting on May 12th, 2023, and is expected to do so as soon as all formalities have been finalized. The settlement is expected to take place within Q2 2024.

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TECO 2030 and bondholders agree to convert a majority of the outstanding convertible bonds in an upcoming private placement12.4.2024 07:00:01 CEST | TECO 2030 ASA | Inside information

(Lysaker, Norway, April 12th, 2024): TECO 2030 ASA (OSE: TECO, OTC: TECFF, ISIN: NO0010887516, "TECO 2030") announces that it has received commitments to convert its outstanding convertible bond from bond holders representing approx. 83% or approx. NOK 79 million of the total outstanding amount of approx. NOK 94 million.

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TECO 2030 Receives AiP from DNV for Onboard Compressed Hydrogen Fuel Systems19.3.2024 07:00:00 CET | TECO 2030 ASA | Non-regulatory press releases

(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.

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TECO 2030 and Umoe Mandal submits fuel cell high-speed vessel design for approval in principle1.2.2024 12:15:00 CET | TECO 2030 ASA | Non-regulatory press releases

(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.

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TECO 2030 with partners starts second EU Horizon project, granted over EUR 2.3 million22.1.2024 12:50:01 CET | TECO 2030 ASA | Non-regulatory press releases

(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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Key milestone for one of the world´s most powerful hydrogen fuel cells, TECO 2030 on schedule for first customer deployment H1 202424.11.2023 07:00:00 CET | TECO 2030 ASA | Non-regulatory press releases

(Lysaker, Norway and Graz, Austria, November 24th 2023): TECO 2030 (OSE: TECO, OTCQX: TECFF, ISIN: NO0010887516) has successfully injected its fuel cell system with hydrogen and created emission free hydrogen-electric power. The 400kW module represents the most compact and energy dense system available for marine vessels and other heavy-duty equipment.

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TECO 2030 and Yokogawa Sign Partnership and Investment Agreement1.11.2023 07:00:01 CET | TECO 2030 ASA | Non-regulatory press releases

(Lysaker, Norway, and Tokyo, Japan – November 1, 2023): TECO 2030 ASA ("TECO 2030", OSE: TECO, OTCQX: TECFF, ISIN: NO0010887516) and Yokogawa Electric Corporation ("Yokogawa Electric", TOKYO: 6841) announce that they have signed a strategic partnership and investment agreement regarding the development of technology for utilizing hydrogen fuel cells in industrial applications. Under this agreement, Yokogawa Electric has invested in TECO 2030 by way of acquiring treasury shares, and the two companies will collaborate on optimizing hydrogen fuel cell technology and exploring business opportunities for distributed power sources in the maritime transportation and other industrial sectors.

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TECO 2030 progresses on the fuel cell technology development25.10.2023 10:59:07 CEST | TECO 2030 ASA | Non-regulatory press releases

(Lysaker, Norway, October 25th, 2023): TECO 2030 (OSE: TECO, OTCQX: TECFF, ISIN: NO0010887516) is pleased to show the progress that has happened through the 3-years of development of its heavy-duty and marine 400kW fuel cell module, the FCM400. The FCM400 is the world’s most compact and efficient inherently safe marine fuel cell system. The FCM400 possesses built-in gas safety features, making it an ideal choice for seamless integration on board a ship to enable zero-emission energy generation.

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TECO 2030 launches the world’s most compact and efficient inherently safe marine fuel cell system13.10.2023 07:00:00 CEST | TECO 2030 ASA | Non-regulatory press releases

(Lysaker, Norway, October 13th, 2023): TECO 2030 (OSE: TECO, OTCQX: TECFF, ISIN: NO0010887516) is pleased to elaborate on the world’s most power dense marine and heavy-duty fuel cell module, the FCM400. The FCM400 has already an Approval in Principle from DNV and currently undergoes type approval process for maritime and heavy-duty applications. FCM400 is inherently gas-safe to accommodate easy integration onboard a ship for zero emission energy generation.

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TECO 2030 and Pherousa Green Shipping sign supply agreement to realize ammonia powered zero-emission deep-sea shipping14.9.2023 07:00:03 CEST | TECO 2030 ASA | Additional regulated information required to be disclosed under the laws of a member state

(Lysaker, Norway, September 14th, 2023): TECO 2030 (OSE: TECO, OTCQX: TECFF, ISIN: NO0010887516) and Pherousa Green Shipping AS (PGS) sign green package supply agreement for up to six modern, zero-emission Ultramax dry bulk carriers of about 63.000 deadweight tons each. Each vessel will be equipped with 12 megawatts (MW) of TECO 2030 fuel cells for main propulsion onboard.

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TECO 2030 has started the countdown!5.9.2023 10:34:24 CEST | TECO 2030 ASA | Non-regulatory press releases

(Lysaker, Norway, September 5th, 2023): TECO 2030 (OSE: TECO, OTCQX: TECFF, ISIN: NO0010887516) has started the countdown for the first TECO 2030 FCM400 being in operation at AVL’s facility in Graz, Austria! The first state-of-the-art 400kW fuel cell system for marine and heavy-duty applications is currently being built and will be deployed for validation and testing purposes very soon at AVL’s facility in Graz, Austria.

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TECO 2030 and partners to receive EUR 13.5 million Horizon Europe grant for passenger ferry project24.7.2023 07:00:03 CEST | TECO 2030 ASA | Non-regulatory press releases

(Lysaker, Norway, July 24th 2023): TECO 2030 (OSE: TECO, OTCQX: TECFF, ISIN: NO0010887516) with partners have been invited for HORIZON EUROPE funding of EUR 13.5 million to build and demonstrate a passenger ferry powered by TECO 2030 fuel cells. The grant amount reserved for TECO 2030 is EUR 2.3 million. The principal goal of the project is to accelerate the transition towards safe use of sustainable fuels in waterborne transport through full-scale demonstration of hydrogen fuel cells within maritime applications.

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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.

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