Bergen, Norway, August 18, 2023 – M Vest Water (EURONEXT: MVW) announces that it has entered into an exclusive Cooperation Agreement with Downstream Marine (DSM) for the treatment of wastewater from salmon slaughterhouses in Norway, with a duration of 5 years and subsequent annual extensions.
In addition to supplying NORWAFLOC® to the end client, MVW holds the first right, under the agreement, to supply substantial equipment components, including flotation units, chemical dosing stations, and other dewatering equipment to DSM.
During the timeframe of the LOI between MVW and DSM, which was signed in November 2021, MVW has successfully developed and documented a robust purification method. This method makes it possible to purify the bloodwater from salmon slaughterhouses using our patented NORWAFLOC® products.
The solution has been full scale verified in collaboration with Nordlaks at their modern large salmon slaughterhouse in the North of Norway. It can be considered "best in class", both in terms of simplicity, efficiency, and economic competitiveness. Environmentally friendly NORWAFLOC® chemicals are used.
This achievement enables the industry to meet new and stringent discharge criteria imposed by the Norwegian government, effective from December 4th, 2023, as a part of Norway’s adaption to EU regulations.
DSM’s officially Method Approved complete water treatment systems are currently in operation and is being serviced by DSM at 26 of the largest salmon slaughterhouses in Norway, treating 70% of wastewater volumes from this industry segment which is estimated to about 8 million m3 wastewater/year.
For more information, please visit our website www.mvestwater.com/news/ or 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.