MVW signs long-term Frame and Cooperation Agreement for NORWAFLOC® in Agricultural Manure Recycling Operations in Germany

25 Feb 2025 13:53 CET

Bergen, Norway, February 25, 2025 -- M Vest Water (MVW) announces that it
today has been awarded a five-year Frame and Cooperation Agreement for the
supply of NORWAFLOC® and services to VERDE VISION GmbH (VERDE) in Germany. The
agreement has a duration of 5 years and applies to agricultural manure
dewatering in Germany and Europe.

The potential for the agreement is substantial. In Germany alone, 190 million
cubic meters of liquid manure are used annually on fields and crops. Around
135,000 German agricultural holdings use liquid manure. Removing nitrogen,
phosphorus, and solids from the liquid slurry manure that is currently used
has a significant environmental impact, as it drastically reduces nutrient
leakage into rivers and lakes. MVW's NORWAFLOC® has been proven to transfer
the nitrogen and phosphorus to the dry solids phase during separation,
contributing to a substantially more eco-friendly farming.

VERDE supplies farmers mobile treatment units and also offers operational
services. These units separate the solid and liquid manure. The liquid becomes
a valuable liquid fertilizer the farmers can use for eco-friendly irrigation
of fields and crops, as excess nitrogen and phosphorus are removed into the
solid fraction. The solid fraction, rich in nitrogen and phosphorus, is
processed into a dry, high-nutrient bio-gas feedstock or fertilizer for
commercial use.

The concept is tailored to meet regulations applicable to Germany and EU. The
concept has been proven and classified to achieve substantial CO2 emission
reductions for farmers. According to regulations, VERDE will issue official
CO2 certificates to farmers applying their concept.

MVW's natural ecofriendly NORWAFLOC® is a key element in separating solids and
liquids in VERDE's treatment process. Synthetic polymers are not used, and MVW
currently offers the only viable natural product for this application.

"We are very pleased to have signed this Frame and Cooperation Agreement with
VERDE. Agricultural manure is a large and growing market. Environmental
awareness drives incentives and regulation towards recycling and a circular
economy. NORWAFLOC® can by this cooperation with VERDE contribute to
sustainable agriculture," says Tor Olav Gabrielsen, Executive Chairman at MVW.

Contacts
For further information, please contact:

Tor Olav Gabrielsen, Executive Chairman
tog@mvestwater.com
+47 924 08 607

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
2025-02-25 13:53 CET.

More information:
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