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2022-02-16 11:41:04
16.2.2022 11:41:00 CET | Aqua Bio Technology ASA | Inside information
Aqua Bio Technology ASA (ABT) has entered into an exclusive 3 year distribution
agreement with Egy-Kuwait Trading Company for the Kuwaiti market. Egy-Kuwait
Trading Company was established in 2010 and is a medium-sized company
distributing various products to pharmacies, doctors and clinics. Egy-Kuwait
Trading Company will focus on the professional market for ABT's skincare brands.
The Kuwaiti cosmetics market is the 3rd largest of the GCC markets after Saudi
Arabia and UAE.
Moana Skincare currently consists of a portfolio of 19 skincare products, most
of which are based on potent extracts from plants found in New Zealand's
unspoiled nature and have been used in traditional medicine by the country's
indigenous people, the Maori, for centuries. All products in the Moana family
have been designed and manufactured with up to 95% active ingredients.
Seiðr and Seiðr Clinique currently consists of a portfolio of 29 skincare
products, most of which are based on natural ingredients from the Nordics and
the northern hemisphere, with the highest quality to ensure unique and effective
products. All products in the Seiðr family have been designed and manufactured
with about 10x more active ingredients than traditional cosmetics.
Egy-Kuwait Trading Company is assuming the previous registration from Al-Hafez
of seven of the thirteen products from the female line of Moana Skincare and
will now further assess and start the registration process of additional
products in the Moana Skincare line as well as the products in the Seiðr and
Seiðr Clinique skincare lines.
****
For further information, please contact CEO Håvard Lindstrøm mobile phone +47
941 32 288.
Aqua Bio Technology (ABT) is developing and commercializing sustainable
biotechnology for use in skincare products. ABT's cosmetics ingredients are
highly effective and they provide the cosmetics industry with natural
alternatives to traditional ingredients. ABT is also marketing and distributing
natural skincare products developed by partners towards consumers and
professional users. ABT's focus on commercialization and development of natural
ingredients and natural skincare products has been, and will continue to be, an
important part of the Company's strategy going forward. Aqua Bio Technology is
listed on the Euronext Expand market of the Oslo Stock Exchange.
DISCLOSURE REGULATION
This information is subject of the disclosure requirements pursuant to section
of 5-12 of the Norwegian Securities Trading Act.
CONTACTS
* Håvard Lindstrøm, 004794132288, hl@aquabiotech.no
ABOUT AQUA BIO TECHNOLOGY ASA
Aqua Bio Technology (ABT) is developing and commercializing sustainable
biotechnology for use in skin care products. ABT's cosmetics ingredients are
highly effective and they provide the cosmetics industry with natural
alternatives to traditional ingredients. ABT is also marketing and distributing
natural skin care products developed by partners towards consumers and
professional users. Aqua Bio Technology is listed on Euronext Expand.
ATTACHMENTS
Download announcement as PDF.pdf -
https://kommunikasjon.ntb.no/ir-files/17847556/1208/1610/Download%20announcement
%20as%20PDF.pdf