M Vest Water and VEBIRO begin commercial implementation of NORWAFLOC in Municipal Dredging and Sand & Gravel Washing operations in Germany

24 Jan 2025 10:02 CET

Bergen, Norway, January 24, 2025 -- M Vest Water (EURONEXT: MVW) announces the
commencement of the implementation process of NORWAFLOC® at five selected
sites in North Germany. This follows the previous notification on December 6,
2024, where it was announced that MVW had been awarded a five-year Frame and
Cooperation Agreement for the supply of NORWAFLOC® and services to dredging
contractor VEBIRO in Germany.

MVW has started substituting synthetic polyacrylamide flocculant with its
fully natural and biodegradable NORWAFLOC® at four dredging sites operated by
VEBIRO, and one additional Sand & Gravel washing site. The average volume to
be treated at each site is 40m3/h. A successful full-scale pilot could lead to
the substitution of current synthetic chemical use with eco-friendly
NORWAFLOC® in the magnitude of 400,000 kg/year.

In addition to potential sales to these sites, the piloting/implementation is
crucial for several municipal tenders to be submitted in March and April for
dredging operations starting in the summer of 2025. Consequently, VEBIRO and
MVW will be the only bidders able to offer natural products for dewatering
dredging sludge, a standard request in quotations that no contractor has been
able to fulfill until now.

Together with VEBIRO, MVW is also starting full-scale operations with
dewatering at a Sand & Gravel wash plant. Currently, sludge is filled
un-dewatered into ponds as the municipality does not allow synthetic
polyacrylamide to be used and demands natural dewatering chemicals. Until now,
such natural solutions have not existed. MVW is commercially launching the
first natural products that work in these operations to fully substitute
polyacrylamide. A successful pilot/implementation will give MVW access to 120
identified customers in Germany, many of whom have requested a natural
solution to meet the specifications outlined by the municipalities.

"We are very pleased with the performance and competitiveness of our
innovative product for these applications, and we are impressed by the speed
at which we are reaching the entire German market in these two segments
through our partner VEBIRO. We are excited about the upcoming tendering
process in March/April for all dredging operations starting this summer in
Germany. It is with great comfort that we take on the tasks ahead of us in the
next two months," says Tor Olav Gabrielsen, Executive Chairman at MVW.

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
2025-01-24 10:02 CET.

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