HIGHLIGHTS:

• Innovation Centre in Norway established to operate a robotic cell for fabricating and testing prototype tanks for proprietary Hydrogen and Liquid CO2 (LCO2) designs.

• Commissioning of robotic laser welding and handling equipment has been finalised, with the robotic cell now being recommissioned to demonstrate cost and production efficiencies for large-scale tank fabrication

• Fabrication of the hydrogen Prototype Tank to restart this month, with completion and testing targeted for Q1 2026, supporting final Class approvals for the H2NeoTMcarrier.

• Site visit from “K Line” shipping technical and commercial teams scheduled in the current quarter.

• Innovation Centre also supports the LCO2 FEED stage development with Yinson Production, enabling the fabrication of a pilot tank or test sections supporting maritime Class approvals targeted for 2026.