Bergen, Norway, March 18, 2023 – M Vest Water (EURONEXT: MVW) has in Q1 fully verified in long term commercial operation at a large salmon slaughterhouse that our Norwafloc® products provide the Best Available Technology (BAT) for salmon slaughterhouse waste water treatment. 

As a result, MVW has now been awarded repeated order to deliver our water treatment product NORWAFLOC® for the continuous waste water treatment at the plant.

Reference is made to the announcement dated January 5, 2024. M Vest Water delivered water treatment equipment to the client in Q3 2023 and the plant started slaughter processing with subsequent startup of water treatment and sludge separation with NORWAFLOC® supply for 3 months in Q1 2024. The startup was a success and MVW’s NORWAFLOC® solution delivered spot-on the promised technical results at the spot-on promised cost for the client. 

As a result of the success M Vest Water has received an order to supply NORWAFLOC® for another additional 3 months of production.  

The success is duplicated to another similar sized plant operated by another client where successful repetition of the full-scale operation has been completed.

The potential yearly income for the supply of NORWAFLOC® is estimated to 4-6 MNOK at each of these 2 plants.

With this supply, M Vest Water has, as planned, proven the best available technology (BAT) to salmon slaughterhouse in Norway meeting the new and restricted EU discharge regulation enforced on this industry with effect from December 4th, 2023.

"Knowing that we also in addition have sold our dosing and equipment solution to a third similar sized slaughterhouse for startup in Q2, M Vest Water are pleased to announce that our expectations for growth in this 100 MNOK market segment with our BAT technology is on schedule,” says MVW`s CEO, Stein E. Giljarhus.  


For more information, please contact:

Stein Giljarhus, CEO
stein.giljarhus@mvestwater.com
+47 90 54 08 32

Morten Hilton Thomassen, CFO
mht@mvestwater.com
+47 92 25 85 70

About M Vest Water AS:
M Vest Water is an environmental technology company which has developed unique products and solutions to the water treatment industry, both Industrial as well as the Municipal markets. The products are non-toxic, biodegradable and without any harm to the environment. It obtains the highest degree of purification in a cost-efficient arrangement.
M Vest Water is listed on Euronext Growth under the ticker MVW. For more information, visit www.mvestwater.com.

This information is subject to the disclosure requirements pursuant to Section 5-12 the Norwegian Securities Trading Act.