7.7.2021 07:00:01 CEST | TECO 2030 ASA | Additional regulated information
required to be disclosed under the laws of a member state

(Lysaker, June 7th, 2021): TECO 2030 ASA (OSE: TECO) has received an order for 1
TECO 2030 Ballast Water Treatment System (BWTS) from OCEANBAT, worth
approximately NOK 2.35 million.

This ecosystem protection solution order was landed by TECO 2030's team in
Miami, USA. This confirms TECO 2030's position in the market as a preferred BWTS
partner and proves our capabilities to cooperate with clients around the world.

Ballasts are reservoirs used to stabilize ships according to their load. In
order to prevent invasive species from travelling from one region to another,
and possible health issues, a ship's ballast water needs to be treated before
being discharged back to sea. ?Our system complies with the new G8 rules which
were put in force in October 2020. TECO 2030 Ballast Water Treatment System
complies with International Maritime Organization and United States Coast Guard
rules. 

"The sale of existing and proven technology to reduce emissions and pollution
from ships, means TECO 2030 will have meaningful revenue streams while we work
on our most ambitious project, the development of the TECO Marine Fuel Cell, a
hydrogen-based fuel cell specifically tailored for maritime use," says Tore
Enger, CEO of TECO 2030 ASA.

"The order from OCEANBAT perfectly illustrates this combination of short-term
sales and long-term development. By 2024, all ships will need a ballast water
treatment system," Mr. Enger added.

DISCLOSURE REGULATION

This information is subject to the disclosure requirements pursuant to section
5-12 of the Norwegian Securities Trading Act.

CONTACTS

 * Tore Enger, Chief Executive Officer (CEO) of TECO 2030 ASA, +4792083800,
   tore.enger@teco.no 

ABOUT TECO 2030 ASA

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. For more information,
please visit our website: teco2030.no - http://teco2030.no - 
https://teco2030.no/.

ATTACHMENTS

Download announcement as PDF.pdf -
https://kommunikasjon.ntb.no/ir-files/17847477/700/898/Download%20announcement%2
0as%20PDF.pdf

PressRelease_Oceanbat_210706.pdf -
https://kommunikasjon.ntb.no/ir-files/17847477/700/896/PressRelease_Oceanbat_210
706.pdf

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