Asker, 30. April 2024 - Argeo Robotics AS, a wholly owned subsidiary of Argeo
AS, has been granted a new patent from the Norwegian Industrial Patent office
(Patentstyret) safeguarding the innovative design of the high-performance
electromagnetic system "Argeo Listen".
The patent protects an innovative sensor configuration for subsea vehicles
(AUV's, ROV's etc) that provides even higher reliability, better signal, and
improved detection. The innovation is a key part of Argeo Listen. Argeo Listen,
the company's unique, reliable, and versatile system used in subsea inspections,
marine mineral resource exploration, and power cable tracking has provided the
company with a global competitive advantage. The system has been in commercial
use for more than a year and has demonstrated excellent performance in pipeline
inspections for major Oil & Gas clients and for several customers in the Marine
Mineral exploration space. It enables contactless and continuous inspection of
buried subsea pipelines and can detect damage and the integrity of corrosion
protection systems for even buried pipelines not accessible with conventional
contact methods used from ROVs. The system is also a requirement for AUV based
Marine Mineral exploration surveying. Argeo is the only company with a fully
integrated electromagnetic sensor system.
This latest patent marks the fifth (5) successful grant for Argeo from its
Intellectual Rights portfolio under Argeo Robotics since its listing in 2021.
Trond F. Crantz, CEO of Argeo, emphasizes, "The implementation of Argeo Listen
on our Hugin Superior fleet of AUVs has not only given us a competitive edge in
our markets but has also delivered excellent results to our clients, enabling
informed decision-making."
Thorbjørn Rekdal, CTO at Argeo, states, "I am pleased to see our AUV's
electromagnetic sensor system design demonstrating outstanding performance in
the market. Obtaining a patent to safeguard this innovation further solidifies
our position."
For more information, please contact:
Trond Figenschou Crantz, CEO Argeo AS
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, Houston, and Singapore. Since its
incorporation, Argeo has carried out complex projects for some of Norway's
largest companies in the field.
The company is listed on The Euronext Growth in Oslo under the ticker: ARGEO.
Please visit www.argeo.no for more information.