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Regulatory press release

BBERG: Beerenberg wins trial against Aspen Aerogel in Korea

Beerenberg
KOREA, November 11, 2024:

The Korea Intellectual Property Trial and Appeal Board (IPTAB ) has concluded
that three of Aspen AerogelŽs patents regarding improved hydrophobic aerogel
material are invalidated.

The conclusion came after IPTAB found that the patents did not fulfill the
necessary condition to be granted, including lack of description, inventiveness,
and novelty.

IPTABs ruling is in line with the Korea Trade Comission (KTC) conclusion earlier
this year that patent infringement claims from Aspen Aerogels were without
merit.

Beerenberg has always claimed the accusations from Aspen Aerogels were wrong.

"After having been falsely accused of patent infringement for a number of years,
we are satisfied with winning the case in IPTAB" says CEO Arild Apelthun.

Beerenberg, which spesializes in high-end insulations solutions has been waiting
for this decision.

"We hope that this eliminates any uncertainties relating to the product and look
forward to offer quality insulation to our clients" says SVP Business
Development Geir Harris.

For further information, please contact:
Ingrid Færøyvik, VP Communications
Phone: +47 452 50 135
E-mail: ingfar@beerenberg.com


About Beerenberg AS
Beerenberg has delivered cost efficient solutions to a wide range of industrial
enterprises for 47 years. Beerenberg is one of the leading suppliers of
maintenance and modifications services on the Norwegian Continental Shelf as
well as a global provider of robotic services and insulating products. The
GroupŽs expertise covers the entire life cycle of the petroleum industry from
field studies and newbuilds to maintenance, modifications, and lifetime
extensions. The operational activities are organized in Beerenberg Services and
its subsidiaries. Headquartered in Bergen, Beerenberg has offices in Stavanger
and Skien in Norway and in Poland, UK, South-Korea, Thailand, Singapore, and
Brasil. For more information, please visit www.beerenberg.com.
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