Innovative company
TECO 2030
TECO 2030 is a Norwegian based clean tech company developing zero-emission technology for the maritime and heavy industry. We are developing PEM hydrogen fuel cell stacks and PEM hydrogen fuel cell modules, that enable ships and other heavy-duty applications to become emissions-free. The company is listed on Euronext Growth on Oslo Stock Exchange under the ticker TECO and in New York, OTCQX under the ticker TECFF. TECO2030 is a spinoff from TECO Maritime Group, a group that has provided technology and services to the global shipping industry since 1994.
What we have:
- Experienced core team
- Lean production strategy
- Industrial approach
- Inhouse cell, stack and module production
- Serial product developed with world leading partners ThyssenKrupp and AVL
On a mission towards zero emission
TECO2030 accelerates the green transition in the maritime sector by delivering technology that helps ships to reduce their environmental and climate impacts. TECO2030 is developing hydrogen fuel cells that enable ships and other heavy-duty applications to become emissions-free. The company is also developing other solutions that can help the maritime industry to reduce its emissions, such as exhaust gas cleaning and carbon capture systems for ships.
Latest Press Releases
Stock Exchange Announcements
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.
The board of directors of the Company has this evening decided to file for bankruptcy. The board decision is unanimous and is due to the fact that there is no longer a realistic opportunity to raise sufficient capital to continue operations. The bankruptcy petition will be filed this evening.
Disclosure regulation
This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.
Contacts
- Pål Christian Johnsen, CFO, +47 412 76 747, pcj@teco2030.no
- Tore Enger, CEO of TECO 2030 ASA, +4792083800, tore.enger@teco2030.no
Attachments
Lysaker, Norway - 10 December 2024: Reference is made to the stock exchange notice of ...
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.
The Company is currently evaluating the implications of this bankruptcy filing, particularly concerning its overall prospects and outlook in light of the ongoing bankruptcy petition against it. Notably, Innovation Center holds a net claim of approximately NOK 22 million against the Company. Additionally, the Company has provided a guarantee of NOK 10 million to the former landlord of Innovation Center. As part of the bankruptcy proceedings, the Company will also write off the recorded equity of NOK 30,000 associated with Innovation Center.
Disclosure regulation
This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.
Contacts
- Pål Christian Johnsen, CFO, +47 412 76 747, pcj@teco2030.no
- Tore Enger, CEO of TECO 2030 ASA, +4792083800, tore.enger@teco2030.no
About TECO 2030 ASA
TECO 2030 is a Norwegian based clean tech company developing zero-emission hydrogen fuel cell technology for the maritime and heavy industry. We are developing PEM hydrogen fuel cell stacks and PEM hydrogen fuel cell modules, that enable ships and other heavy-duty applications to become emissions-free. The company is listed on Euronext Growth on Oslo Stock Exchange under the ticker TECO and in New York, OTC under the ticker TECFF. TECO 2030 is a spinoff from TECO Maritime Group, a group that has provided technology and services to the global shipping industry since 1994. For more information, please visit - http://www.teco2030.no.
Attachments
Lysaker, Norway – 3 December 2024: Reference is made to the stock exchange notice of 14...
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.
This information is considered inside information pursuant to the EU Market Abuse Regulation and is subject to the disclosure requirements pursuant to Section 5-12 the Norwegian Securities Trading Act. This stock exchange announcement was published by Pål Christian Johnsen, CFO at TECO 2030 ASA, on 14 November 2024 at 23:00 CET.
Disclosure regulation
This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.
Contacts
- Pål Christian Johnsen, CFO, +47 412 76 747, pcj@teco2030.no
- Tore Enger, CEO of TECO 2030 ASA, +4792083800, tore.enger@teco2030.no
About TECO 2030 ASA
TECO 2030 is a Norwegian based clean tech company developing zero-emission hydrogen fuel cell technology for the maritime and heavy industry. We are developing PEM hydrogen fuel cell stacks and PEM hydrogen fuel cell modules, that enable ships and other heavy-duty applications to become emissions-free. The company is listed on Euronext Growth on Oslo Stock Exchange under the ticker TECO and in New York, OTC under the ticker TECFF. TECO 2030 is a spinoff from TECO Maritime Group, a group that has provided technology and services to the global shipping industry since 1994. For more information, please visit www.teco2030.no.
Attachments
Lysaker, Norway – 14 November 2024: Reference is made to the stock exchange notice issued earlier today regarding the bankruptcy petition against one of the C...