Day: May 5, 2022

Turin and Piedmont are ready for the Eurovision Song Contest, one of the most important international songwriting one competitions globally.

The city of vermouth, homemade ice creams, gianduiotti and breadsticks, Turin’s culinary tradition is for true connoisseurs, with Michelin-starred restaurants and the typical trattorias. The nightlife is just as lively with many wine bars and DJ sets. But the list of the cities of art and culture of Piedmont is long: Alessandria, with its Baroque buildings, scenic squares, streets, and stores; Asti, with the Palio, the famous medieval commemoration held every year in September, the artistic heritage ranging from Romanesque to Baroque, in the heart of the Vineyard Landscape of Langhe Roero and Monferrato UNESCO; Alba, a Creative City for Gastronomy UNESCO and capital of the famous white truffle; Biella, the “Italian Manchester,” among the UNESCO Creative Cities for “Crafts & Folk Art”; Cuneo, known for its seventeenth-century Cathedral of Santa Maria del Bosco, the Church of Santa Chiara, Palazzo Audifreddi, the church of St. Ambrose; Novara, surrounded by plains and rice fields, with a medieval midtown, and the soaring brick dome of the Basilica of San Gaudenzio, the highest in Europe. Verbania, “a garden on the lake”, with the Borromean Islands and the Botanical Gardens of Villa Taranto – 1,000 plants and 20,000 varieties and species of interest; Vercelli, a stop for pilgrims on their way from Canterbury to Rome and an important junction of the Via Francigena, as well as the European capital of rice and an economic-social laboratory.
Discover more at visitpiemonte.com

For more information:
LaPresse SpA Communication and Press Office Director
Barbara Sanicola – barbara.sanicola@lapresse.it

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/dbe429f0-eb07-4efe-acb6-48802efac3df

The photo is also available at Newscom, www.newscom.com, and via AP PhotoExpress.

Polymetallic nodule collector vehicle

• Following earlier successful harbor wet-testing and shallow-water trials in the open sea, the Allseas-designed and constructed pilot nodule collector vehicle was deployed from the Hidden Gem and lowered to the seafloor at depths of 2,470 meters, marking the first time the vehicle has been subjected to ultra-deep-water temperatures and pressures
• A range of critical functions were successfully tested while driving over one kilometer on the seafloor, confirming the robot’s capability to operate in pressure and temperature conditions similar to those it will encounter in the NORI-D Area in the CCZ
• Upcoming trials in TMC’s NORI-D contract area are expected to include deployment of a four-kilometer-long riser, an umbilical that provides power and control during seafloor operations, and a 500-meter-long flexible jumper hose to connect the riser to the collector vehicle

NEW YORK, May 05, 2022 (GLOBE NEWSWIRE) — TMC the metals company Inc. (Nasdaq: TMC) (“TMC” or the “Company”), an explorer of the world’s largest estimated undeveloped source of critical battery metals, today announced the successful completion of initial deep-water trials of the polymetallic nodule collector vehicle in the Atlantic Ocean.

Engineers successfully lowered the Allseas-designed collector vehicle to the seafloor at depths of 2,470 meters, marking the first time the vehicle had been subjected to ultra-deep-water temperatures and pressures. Engineers then subjected the vehicle to extensive testing of its various pumps and critical mobility functions, driving 1,018 meters across the seafloor.

“The pilot nodule collection system is so far performing beautifully throughout these trials and getting the collector vehicle into the deep water in the Atlantic has given the team the opportunity to really pressure-test critical components,” said Gerard Barron, CEO & Chairman of The Metals Company. “I continue to be astounded by the planning and preparedness of Allseas engineers who are moving right along into wet-test commissioning and trial deployment of the riser system.”

Since 2019, Allseas and TMC have been working together to develop a pilot system to responsibly collect polymetallic nodules that sit unattached on the seafloor and lift them to the surface for transportation to shore. Nodules contain high grades of nickel, manganese, copper and cobalt — key metals required for building electric vehicle batteries and renewable energy technologies.

Previously, TMC and Allseas announced successful harbor wet-test commissioning and shallow-water drive tests in the North Sea. With this latest round of deep-sea trials Allseas engineers will also test deployment of components of the riser as well as the connection between the jumper hose and the collector vehicle. All of the trials to date are in preparation for full pilot nodule collection system trials later this year over an 8 km² section of the NORI-D contract area in the Clarion Clipperton Zone of the Pacific Ocean. The trials are an integral part of the International Seabed Authority’s regulatory and permitting process and the environmental impact data collected both during and after this nodule collection test work will form the basis of the application for an exploitation contract by TMC’s wholly-owned subsidiary, Nauru Ocean Resources Inc. (NORI).

Development of technologies to collect polymetallic nodules first began in the 1970s when oil, gas and mining majors including Shell, Rio Tinto (Kennecott) and Sumitomo successfully conducted pilot test work in the CCZ, recovering over ten thousand tons of nodules. In the decades since, the ISA was established to develop the regulatory framework to govern mineral extraction in the high seas while technology development efforts have largely focused on scaling proven nodule collection technologies and optimizing for minimal seafloor disturbance and environmental impact.

A Media Snippet accompanying this announcement is available by clicking on the image or link below:

About The Metals Company

TMC the metals company Inc. (The Metals Company) is an explorer of lower-impact battery metals from seafloor polymetallic nodules, on a dual mission: (1) supply metals for the clean energy transition with the least possible negative environmental and social impact and (2) accelerate the transition to a circular metal economy. The company through its subsidiaries holds exploration rights to three polymetallic nodule contract areas in the Clarion Clipperton Zone of the Pacific Ocean regulated by the International Seabed Authority and sponsored by the governments of Nauru, Kiribati and the Kingdom of Tonga. More information is available at www.metals.co.

About Allseas
Allseas is a world-leading contractor in the offshore energy market, with dynamism, rapid progress and pioneering spirit at its core. Allseas specialise in offshore pipeline installation, heavy lift and subsea construction. The company employs over 4000 people worldwide and operates a versatile fleet of specialised heavy-lift, pipelay and support vessels, designed and developed in-house. More information about Allseas is available at www.allseas.com.

More Info
Media | media@metals.co.
Investors | investors@metals.co.

Forward Looking Statements
Certain statements made in this press release are not historical facts but are forward-looking statements for purposes of the safe harbor provisions under The Private Securities Litigation Reform Act of 1995. Forward-looking statements generally are accompanied by words such as “believe,” “may,” “will,” “estimate,” “continue,” “anticipate,” “intend,” “expect,” “should,” “would,” “plan,” “predict,” “potential,” “seem,” “seek,” “future,” “outlook” and similar expressions that predict or indicate future events or trends or that are not statements of historical matters, including related to upcoming trials in TMC’s NORI-D contract area and future offshore operations. These forward-looking statements involve significant risks and uncertainties that could cause the actual results to differ materially from those discussed in the forward-looking statements. Most of these factors are outside TMC’s control and are difficult to predict. Factors that may cause such differences include, but are not limited to: Allseas ability to conduct a full pilot nodule collection trial in the Clarion Clipperton Zone; TMC’s ability to enter into definitive agreement(s) with Allseas with respect to the proposed strategic alliance to develop and operate a commercial collection system on terms and conditionals substantially similar to those set forth in the non-binding terms sheet; the successful completion of the pilot collection tests; TMC’s ability to obtain exploitation contracts for its areas in the CCZ; regulatory uncertainties and the impact of government regulation and political instability on TMC’s resource activities; changes to any of the laws, rules, regulations or policies to which TMC is subject; the impact of extensive and costly environmental requirements on TMC’s operations; environmental liabilities; the impact of polymetallic nodule collection on biodiversity in the CCZ and recovery rates of impacted ecosystems; TMC’s ability to develop minerals in sufficient grade or quantities to justify commercial operations; the lack of development of seafloor polymetallic nodule deposit; uncertainty in the estimates for mineral resource calculations from certain contract areas and for the grade and quality of polymetallic nodule deposits; risks associated with natural hazards; uncertainty with respect to the specialized treatment and processing of polymetallic nodules that TMC may recover; risks associated with collective, development and processing operations; fluctuations in transportation costs; testing and manufacturing of equipment; risks associated with TMC’s limited operating history; the impact of the COVID-19 pandemic; risks associated with TMC’s intellectual property; and other risks and uncertainties, including those under Item 1A “Risk Factors” in TMC’s Annual Report on Form 10-K for the quarter ended December 31, 2021, filed by TMC with the Securities and Exchange Commission (“SEC”) on March 25, 2022, and in TMC’s other future filings with the SEC. TMC cautions that the foregoing list of factors is not exclusive. TMC cautions readers not to place undue reliance upon any forward-looking statements, which speak only as of the date made. TMC does not undertake or accept any obligation or undertaking to release publicly any updates or revisions to any forward-looking statements to reflect any change in its expectations or any change in events, conditions, or circumstances on which any such statement is based except as required by law.

Photos accompanying this announcement are available at:
https://www.globenewswire.com/NewsRoom/AttachmentNg/c9627299-69bf-4d6d-82af-65dc1bd52455

https://www.globenewswire.com/NewsRoom/AttachmentNg/375d0436-dda9-4fce-a64f-82bbee5d83e4

https://www.globenewswire.com/NewsRoom/AttachmentNg/54ba1a97-e154-423d-b608-c373c36b80a2

MOKE France’s EV subscription model gives clients the opportunity to pay a monthly fee to drive a MOKE, without the hassle of owning a car and having to deal with insurance, tax, servicing, and more – offering a market-leading product for electric vehicle subscription experiences.

Indie Group is an iconic hospitality collective from Saint-Tropez, operating venues in key French holiday destinations, with the concepts of authenticity and celebration at the heart of its identity. Starting with Indie Beach House as their flagship business on the famous Pampelonne Beach in Ramatuelle, Indie Group has quickly progressed into a national hospitality player with an additional beach club in Ramatuelle (Playamigos), a festive restaurant on Place des Lices in the centre of Saint-Tropez (Pablo), a beach restaurant in the Escalet area (La Sauvageonne) and an apres-ski restaurant in Megève, managed by the famous chef Diego Alary (Indie Mountain).

“The team at Indie Group have managed to develop a hospitality atmosphere that very much appeals to an international audience: staying true to their local roots whilst continually revitalising the brand,” said MOKE France CEO, Willy Gruyelle. “For us, they’re the right mobility partner for driving a MOKE this summer: with a fresh perspective on the Riviera lifestyle, in line with the local heritage but always pushing the boundaries. We hope to drive with them in each and every new location they open!”

Vincent Luftman (Indie), Tobias Chaix (Indie), Willy Gruyelle (VP Operations EVT), Raphaël Blanc (Indie),
Wouter Witvoet (CEO EVT)

“We’re opening Café de l’Ormeau in Ramatuelle in 2022, and we will create a special MOKE for this new restaurant: what better than a MOKE to go to this relaxed yet distinguished part of one of the most-visited villages in France?” said Vincent Luftman, partner at Indie Group.

“After signing our first partners for the pilot scheme – luxury real estate players, Bo-House and Tardieu Immobilier – we are very excited about the potential for this product,” said Wouter Witvoet, CEO of EV Technology Group. “We saw there was a deep market for both the beloved MOKE, and accessing it through a subscription model.”

Indie Beach – a prominent Indie Group property

The bespoke Indie Group MOKEs will be visible in the streets of Saint-Tropez and beyond from June 2022.

EV Technology Group

EV Technology Group was founded in 2021 with the vision to electrify iconic brands – and a mission to create and redefine the joy of motoring for the electric age. By acquiring iconic brands and reigniting beloved motoring experiences, EVT Group is driving the EV revolution forward. Backed by a diversified team of passionate entrepreneurs, engineers and driving enthusiasts, EVT Group creates value for its customers by owning the total customer experience — acquiring and partnering with iconic brands with significant growth potential in unique markets, and controlling end-to-end capabilities. To learn more visit: https://evtgroup.com/

Media
Rachael D’Amore
rachael@talkshopmedia.com
+1519-564-9850

Investor Relations
Dave Gentry
dave@redchip.com
+14074914498

EV Technology Group
Wouter Witvoet
CEO and Chairman of the Board
wouter@evtgroup.com

Forward-Looking Information

This news release contains forward-looking statements including, but not limited to, subscription service agreements between MOKE France and Indie Group, expansion of MOKE France and EV Technology Group operations, expectations, and future actions. Often, but not always, these Forward-looking Statements can be identified by the use of words such as “estimated”, “potential”, “open”, “future”, “assumed”, “projected”, “used”, “detailed”, “has been”, “gain”, “planned”, “reflecting”, “will”, “containing”, “remaining”, “to be”, or statements that events, “could” or “should” occur or be achieved and similar expressions, including negative variations.

Forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any results, performance or achievements expressed or implied by the Forward-looking Statements, including those factors discussed under “Risk Factors” in the filing statement of the Company. Although the Company has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in Forward-looking Statements, there may be other factors that cause actions, events or results to differ from those anticipated, estimated or intended.

Forward-looking statements involve significant risk, uncertainties and assumptions. Many factors could cause actual results, performance or achievements to differ materially from the results discussed or implied in the forward-looking statements. These factors should be considered carefully and readers should not place undue reliance on the forward-looking statements. Although the forward-looking statements contained in this news release are based upon what management believes to be reasonable assumptions, the Company cannot assure readers that actual results will be consistent with these forward-looking statements. The forward-looking statements contained herein are made as of the date hereof and the Company disclaims any obligation to update any forward-looking statements, whether as a result of new information, future events or results or otherwise, except where required by law. There can be no assurance that these forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements.

THE NEO STOCK EXCHANGE DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE

Photos accompanying this announcement are available at:

https://www.globenewswire.com/NewsRoom/AttachmentNg/37e50239-d5e2-493f-b375-bc2917b1fc80

https://www.globenewswire.com/NewsRoom/AttachmentNg/88f92bde-30bc-4a93-83e0-abdf117fb199