M Vest Water released its 2022 Annual report on March 20th. The Annual Report can be downloaded here:
PDF - M Vest Water - 2022 Annual Report
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
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.
M Vest Water released its Q4 results for 2022 today. The presentation and Q4 Report can be downloaded here:
PDF - M Vest Water - Q4 2022 Investor Presentation
PDF - M Vest Water - Q4 2022 Report
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
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.
We are delighted to announce that M Vest Water has been awarded a contract for delivery of NORWAPOL®, providing a green and highly efficient solution for treatment and purification of the inlet water at Erko Settefisk AS’s RAS plant at Stord, Norway.
Erko Settefisk AS is a salmon hatchery and smoltification company that deliver over 5 million post-smolt per year, with a state-of-the-art RAS facility, located at Sagvåg, Stord (60 km south of Bergen).
The facility consists of 3 separate modules, with one module comprising the hatchery and thus requiring fresh water, and the other two modules comprising the smolt and post-smolt, using brackish water (salt water).
The intake water to the plant is surface water from a nearby lake. M Vest Water’s NORWAPOL® solution filters out organic and inorganic substances to extremely low levels, ensuring the very best living and growth conditions for the smolt. This is of high value to Erko and the industry in general. This is the first step in the water treatment cycle in a Recirculating Aquaculture System (RAS).
The second step of water treatment in a RAS plant is the conditioning of the water which is recirculated within the plant. This normally consists of very large water volumes and flows. NORWAPOL® has shown excellent results for this type of flow in removal of particles, nitrogen, and phosphorus. We are now in the process of preparing our technology for this water flow via a collaborative project with one of the major players in the salmon farming industry.
The third step is the purification of the discharge water. M Vest Water has with its NORWAFLOC® and NORWAPOL® technology achieved full removal of particles and phosphorus and furthermore significant reductions in nitrogen levels in the discharge water. These contaminants are major contributors to the pollution of the marine environment. M Vest Water's technology thereby contribute to the aquaculture industry's goal of ensuring a more sustainable production.
Last but not least, comes the handling of sludge which is separated from the water treatment steps mentioned above. This sludge contains a lot of water, and the solid content is of value for e.g., biogas raw material or fertilizer. The transport of water in this sludge is very costly and of no value. M Vest Water’s NORWAFLOC® ensures the very best dewatering enhancement when applied upstream of any kind of mechanical dewatering equipment. In this way M Vest Water strongly contributes to the circular economy and sustainable waste management handling.
M Vest Water is pleased to invite investors, analysts and other stakeholders to the presentation of our Q4 2022 results on Tuesday, 14 February 2023 at 10:00 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 14 February 2023 at 08:00 AM CET.
The live webcast can be accessed through the following link: https://us06web.zoom.us/webinar/register/WN_X576gE7sTsOKTP6BW0ltFg
Expected duration: 30 minutes incl. Q&A.
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
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.
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.
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
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
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
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.
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
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 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® 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.
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.
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.
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)