Bergen, Norway, August 14, 2025 -- M Vest Water (EURONEXT: MVW) today
announces the sale of water treatment optimalization services and equipment to
SAR Gruppen (SAR), a leading waste management partner and service provider in
Norway.
MVW has secured a project assignment from SAR, to facilitate the optimization
of the water treatment process at SAR Mongstad. The order follows two years of
successfully supplying our natural-based and biodegradable NORWAFLOC® products
to SAR and serves as a strong testimonial to our technology.
The optimization program, scheduled for the second half of 2025, will involve
mapping and test runs, a pilot phase, evaluation of results, and
implementation of necessary adjustments. The project assignment also includes
the sale of complementary water treatment equipment.
MVW greatly values our collaboration with SAR over the past two years. We are
pleased to have the opportunity to further enhance the water treatment system
at SAR Mongstad in a sustainable and cost-effective manner. Receiving an
additional order from an existing client serves as a strong endorsement of
both our technology and MVW as a company. The industry increasingly recognizes
that our role extends beyond simply delivering products, and MVW is seen as a
trusted partner and solution provider, supporting clients in meeting the
strict discharge regulations imposed on the sector," says Tor Olav Gabrielsen,
Executive Chairman at MVW.
Background:
Referring to the announcement made on June 28, 2023, MVW entered into a
framework agreement with SAR Gruppen about two years ago. This agreement
included the recurring supply of water treatment chemicals from our NORWAFLOC®
product line, along with technical support and advisory services in wastewater
and sludge management.
About SAR:
SAR is the major provider of treatment of industrial wastewater and slop water
from the Oil and Gas industry in Norway. SAR has several sites strategically
located along the coast. SAR's biological water treatment plant at Mongstad is
the largest treatment plant of its kind in Norway.
Contact
For further information, please contact:
Morten Hilton Thomassen, CFO
mht@mvestwater.com
+47 92 25 85 70
About Us
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 has been submitted pursuant to the Securities Trading Act §
5-12 and MAR Article 17. The information was submitted for publication at
2025-08-14 14:26 CEST.