M Vest Water awarded contract with Erko Settefisk AS

09 Feb 2023 08:30 CET

Bergen, Norway, February 9, 2023 – M Vest Water (EURONEXT: MVW) today announced
that it has signed a contract for delivery of a green and highly efficient
solution for purification of the inlet water at Erko Settefisk AS’s (Erko) RAS
plant at Stord, Norway.

The installment of NORWAPOL® technology is planned to be completed within Q3
2023 and has a contract value of NOK 2.5 million. The contract comprises further
deliveries.

During the last year, M Vest Water carried out several collaborative projects
with important players in the Norwegian salmon industry. Projects within
land-based fish hatcheries and salmon slaughterhouses have resulted in several
technical breakthroughs for M Vest Water’s technology.

M Vest Water’s strategy is to supply the salmon industry in Norway and worldwide
with environmentally friendly solutions for treatment of all water- and sludge
processes in land-based fish farming and salmon slaughterhouses. The main goal
of our technology is to achieve good living conditions for hatchery fish,
optimize the value of sludge and satisfy stringent discharge regulations. This
contract award is an important step in meeting these objectives.

“We are very pleased to have the opportunity to improve Erko's water
purification processes”, comments Stein Giljarhus, MVW CEO.

“Safe production is essential for Erko and MVW's Norwapol® solution ensures
optimal fish health and living conditions during breeding”, says Rune Sandvik,
Erko CEO.



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.

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