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Regulatory press release

Bergen Carbon Solutions: Update on LOI with Japanese company

Bergen Carbon Solutions
(Bergen, 09. November 2021): Bergen Carbon Solutions AS (BCS, OSE:BCS) Today
announces that we have received initial results from the Japanese company we
have signed a letter of intent with, to develop an additive solution for use in
anode-graphite for lithium-ion based batteries.

The initial results are showing good potential for our green carbon nanofibers.
The promising results enables us to continue towards the next steps that will be
to perform real life battery cell tests with our nanofibers.


"We are continuing working towards being a major supplier of our green carbon
nanofiber and this is a step in that direction. Being able to deliver the
greenest and most efficient carbon nano-additive for the graphite anodes is now
one step closer to reality. The aim is still to give battery-producers the
potential to further increase the range, charging speed and lifetime, and at the
same time working towards lower the CO2 emissions" Says CEO Jan B Sagmo

ENDS

For additional information, please contact:

Jan B. Sagmo, CEO, janbsagmo@bergencarbonsolutions.com, +47 473 72 701.
Fredrik Øksnes, CCO, fredrik.oksnes@bergencarbonsolutions.com, +47 975 67 318.

About Bergen Carbon Solutions | www.bergencarbonsolutions.no
Bergen Carbon Solutions uses innovative technology to produce carbon nanofibers,
using CO2 and Norwegian hydropower. This makes the production unique and
environmentally friendly. Bergen Carbon Solutions is listed on Euronext Growth
under the ticker BCS.
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