New Director of Operations in Germany

As part of our expansion in the European market, we are strengthening our organization in Germany and are very pleased to welcome Bernhard Niemczyk to the team. Bernhard has more than 30 years of experience in the field of sludge and water treatment from locations  all over the globe as well as Germany and the US.

Bernhard has an engineering degree in civil engineering, specialized in urban water management, from Univerisität Karlsruhe and will strengthen our overall capabilities and know-how going forward. His expertise, particularly within the fields of process technology, technical and commercial sales and project management, will ensure that we can provide the best possible value for our clients in the European market.


Bernhard Niemczyk, Director of Operations.

Bernhard believes that environmentally friendly products and solutions like NORWAFLOC® and NORWAPOL® will play a vital role in ensuring businesses and municipal authorities adhere to upcoming regulations in the EU. Especially related to sustainability and environmental protections.

"I am looking forward to sharing my experience with an excellent team to successfully establish M Vest Water as a major player in the German wastewater treatment market."

Bernhard will play a key part in strengthening our position in the European market as Director of Operations.

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MVW at the Renewables & Clean-Tech Conference 2022

CEO Stein Giljarhus was invited as a guest speaker at the Annual Renewables & Clean-Tech Conference 2022, hosted by Fearnley Securities last month. Giljarhus spoke about the unique technology behind NORWAFLOC® and NORWAPOL® and how they are uniquely positioned to take advantage of the increasing demands in the water treatment market. He also gave updates on several exciting projects and breakthroughs happening in Norway, Germany and the US.

Watch the recording: https://vimeo.com/781080100/cfbf281e48

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Presentation of Q3 2022 Results

M Vest Water released its Q3 results for 2022 today. The presentation and Q3 Report can be downloaded here:

PDF - M Vest Water - Q3 2022 Investor Presentation

PDF - M Vest Water - Q3 2022 Report

View the webcast


For further information, please contact:

Morten Hilton Thomassen
CFO
mht@mvestwater.com
+47 92 25 85 70

Stein Giljarhus
CEO
stein.giljarhus@mvestwater.com
+47 90 54 08 32


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.

This information is considered to be inside information pursuant to the EU Market Abuse Regulation and is subject to the disclosure requirements pursuant to Section 5-12 the Norwegian Securities Trading Act. This stock exchange announcement was published by Morten Hilton Thomassen, CFO, M Vest Water, on March 2nd, 2022 at CET 23:00.

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Invitation to webcast – Q3 2022 results

M Vest Water is pleased to invite investors, analysts and other stakeholders to the presentation of our Q3 2022 results on Tuesday, 15 November 2022 at 11:00 AM CET. The event will be held on webcast and there will be a Q&A session after the presentation.

The presentation material will be released Tuesday 15 November 2022 at 08:00 AM CET.

The live webcast can be accessed through the following link: https://us06web.zoom.us/webinar/register/WN_M_0LX01YRYCCY2S6APr8xQ

Expected duration: 30 minutes incl. Q&A.

The recording of the webcast will be published on the Company's website afterwards.


For any questions, please contact:

Morten Hilton Thomassen
CFO
mht@mvestwater.com
+47 92 25 85 70

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Breakthrough for MVW’s NorwaFloc® technology in the dredging industry

M Vest Water today announces a major technology breakthrough with the patented NorwaFloc® product.

MVW has, at one of the very largest European mechanical dredging sludge dewatering sites, in a full-scale qualification test, successfully treated dredging sludge for dewatering.

Dredging

Dredging operations is a large industrial and municipal market segment in Europe. Rivers, harbours, and lakes are continuously dredged for sludge at the bottom bed. This large mechanical dredging sludge treatment site consumes far more flocculants to separate and dewater sludge than the entire Oil & Gas Industry on the Norwegian continental shelf. Currently used flocculants in sludge dewatering are synthetic. These are targeted and set to be reduced in general by legislation and operators due to their negative environmental impact.

NorwaFloc®

NorwaFloc® is MVW’s patented combined bio-flocculant and coagulant in one product which in this treatment application was dosed into sludge from river dredging operations for subsequent separation from water and settling of the separated sediments followed by further mechanical press-dewatering of the sediments. The dewatered sediments are then transported and used for landfill and the clean water is returned to the river.

Successful full-scale test

MVW has in full-scale at the client’s site treated dredged sludge and water at a flow rate of 2 000 m3/h for settling of the sediments and discharge of water.

Left sample shows incumbent synthetic chemical, right shows NorwaFloc® which provides faster and more efficient sedimentation and a clearer water phase in comparison.

A subsequent 25% reduction in use of their currently used synthetic chemical was also achieved in the subsequent mechanical dewatering process of the sludge by additional use of NorwaFloc®. In addition to cleaner water discharge, the use of NorwaFloc® resulted in improved dryness in the sludge by several percent.

In total the qualification test duly verified cost saving potential and environmental gain for the client and the industry in general by obtaining large reduction in use of unwanted synthetic chemicals, cleaner water discharge and substantially more dry sludge for transport to land fill with 25% less synthetic flocculant polymers in this sludge.

Prior to entering commercial phase in the dredging market segment, a repeated full-scale verification under winter conditions is planned for in January 2023 with the client, where such also aim even further optimization.

Milestone

An important milestone has now been achieved and the company is entering the large sludge dewatering markets in Europe with NorwaFloc® products attractive to clients’ needs for cost and process optimization and reduced environmental impact of discharges and disposal.

Watch the sludge dewatering phase in action below:

Dewatering of settled sludge in the belt filter press. Use of NorwaFloc® reduces consumption of synthetic polymers with 25% and gives several percentages better dewatering efficiency.

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CEO Giljarhus interviewed in Finansavisen TV

CEO Stein Giljarhus appeared in an interview today in Finansavisen TV (a Norwegian daily newspaper covering business and economic current affairs). The interview focused on M Vest Water's superior product offerings in the water treatment market and how the coming regulatory changes in Europe will necessitate a change in the water treatment industry towards more environmentally friendly solutions.

Giljarhus spoke about how this change will drive demand for the very products that M Vest Water has pioneered, and how, with the establishment of a permanent presence in mainland Europe, M Vest Water will be in an excellent position to meet this demand.

Particularly, green products such as Norwafloc® bioflocculant and Norwapol® will be the main drivers of future business in Europe.

Watch the interview (Norwegian)

 

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Second quarter and first half-year report 2022

M Vest Water released its second quarter and first half-year report for 2022 on September 13th. The presentation and report can be downloaded here:

PDF - M Vest Water - Q2 and First Half-Year 2022 Investor Presentation

PDF - M Vest Water - Q2 and First Half-Year Report 2022

View the webcast


For further information, please contact:

Morten Hilton Thomassen
CFO
mht@mvestwater.com
+47 92 25 85 70

Stein Giljarhus
CEO
stein.giljarhus@mvestwater.com
+47 90 54 08 32


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.

This information is considered to be inside information pursuant to the EU Market Abuse Regulation and is subject to the disclosure requirements pursuant to Section 5-12 the Norwegian Securities Trading Act. This stock exchange announcement was published by Morten Hilton Thomassen, CFO, M Vest Water, on March 2nd, 2022 at CET 23:00.

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Business establishment in Germany

Today M Vest Water announces our fully owned subsidiary, “M Vest Water GmbH”, in Germany. This will ensure improved logistical operations and allow our sales and service teams to work more closely with our customers in Germany and the European market.

M Vest Water GmbH is located in the Bavaria region in Germany, and is a technology centre with modern offices, a fully operational laboratory, and a group of highly qualified German key personnel.

This will be MVW’s operational base serving the European Union, and in particular Germany. Arrangements for production out-sourcing and logistics to serve the European market through M Vest Water GmbH has been identified and decided. This will help secure a predictable and stable supply of NorwaFloc® products in sufficient quantities to meet European demand in the future.

The German entity will have a central role in product supply / logistics, sales and market penetration. It will serve the German market in particular, but also other markets within EU.

M Vest Water GmbH is already successfully executing full scale qualifications with major clients within the” high volume” flocculant consumers market in sludge dewatering in several industries. This ongoing activity executed by M Vest Water GmbH now provides the commercialization of NorwaFloc® in said high volume market segments where MVW expect dredging sludge dewatering and sand and gravel sludge dewatering to be field proven, commercialized, and ready for launch in Q4 2022.

The foundation of M Vest Water GmbH is in line with the company's strategy and business plans. MVW is now established in the centre of the European market.

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Breakthrough for M Vest Water’s NorwaPol technology in Oil & Gas Industry

M Vest Water today announces a strategically important breakthrough for the patented NorwaPol® technology.

This is a patented process technology where our proprietary NorwaFloc® bio-flocculant is dosed into wastewater for subsequent removal of pollution in MVW's NorwaPol® filter.

MVW, in collaboration with one of the major US-based global oil and gas operators, has succeeded in an average treatment efficiency of 99.99% in removal of oil from produced water in a pilot at a US onshore oilfield.

The operational performance and technical results have been proven superior relative to nutshell filtration which today is the dominating technology in this global multibillion-dollar Oil & Gas treatment market segment. NorwaPol® is thoroughly tested and will be implemented at full-scale in a large Norwegian Oil & Gas process plant in Q4 2022. Our NorwaPol® technology is now technically and commercially proven.

Disruptive Technology

Nutshell filters were designed to separate crude oil from oilfield produced water in the 1970s, which remains the principal use. MVW's NorwaPol® operational performance and technical results have been superior relative to nutshell filtration.

Key benefits

  • Superior technical results relative to Nutshell filters.
  • Higher flow capacity than nutshell media resulting in less footprint at equal treatment capacity.
  • Regenerating of contaminated filter media completed within 10 minutes versus 50 minutes in incumbent technology. Subsequently higher operational uptime.
  • Media-scrubbing cycle not required in MVW's NorwaPol® filter and our efficient 10-minute backwashing sequence provides full regeneration of filter media.
  • The Norwapol® filter media is expected to last for the life of the filtration system. No consume of media in the lifetime except for minor refill compensating for tiny losses during backwashing (neglectable impact on OPEX). On the contrary to nutshell filters NorwaPol® media impose no disposal costs of spent media.
  • The Norwapol® filter media is made of activated and recycled substances. The media can again-and-again be recirculated and is subsequently a strong contributor to circular economy.
untreated vs treated water

Pictured: Untreated versus treated produced water with NorwaPol® technology.

Pictured: Sample bottles where the backwash water gradually becomes cleaner minute-by-minute over a 10-minute period. The sample bottle to the right is totally clean, and also the filter media is totally cleaned after only 10 minutes. That is 5 times faster regeneration than nutshell filters in addition to significantly cleaner filter and higher treatment efficiency compared to nutshell post the cleaning process.

Produced water

Produced water is water from underground formations that is brought to the surface during oil or gas production. Because the water has been in contact with hydrocarbon-bearing formations, it contains some of the chemical characteristics of the formations and the hydrocarbons. It may include water from the reservoir, water previously injected into the formation, and any chemicals added during the production processes.

Produced water volumes have dramatically increased over the last decade and are expected to keep rising for the foreseeable future. Industry now has a need to recycle this water for use in stimulation of production and to treat the produced water to water quality applicable for agricultural use. In consequence there is an increased requirement for polishing filters capable of high performance at high flow rates.

Milestone

An important milestone has now been achieved and the company is entering the commercial phase in this Oil & Gas business segment with a disruptive replacement for the globally leading nutshell filtration process.

NorwaFloc® bio-flocculant in combination with NorwaPol® filter will be the disruptive technology to shape the future.

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Invitation to webcast – second quarter and first half-year 2022 results

M Vest Water is pleased to invite investors, analysts and other stakeholders to the presentation of our Q2 and 1H 2022 results on Tuesday, 13 September 2022 at 11:00 AM CET. The event will be held on webcast and there will be a Q&A session after the presentation.

The presentation material will be released Tuesday 13 September 2022 at 08:00 AM CET.

 

The live webcast can be accessed through the following link: https://us06web.zoom.us/webinar/register/WN_3gnMFahcRoOWuTMnd-4wzA

Expected duration: 30 minutes incl. Q&A.

The recording of the webcast will be published on the Company's website afterwards.

 

For any questions, please contact:

Morten Hilton Thomassen, CFO

mht@mvestwater.com

+47 92 25 85 70

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