Bergen, Norway – 13th June 2021: M Vest Water (MVW) and NOS Chemicals (NOSC) has signed a Letter of Intent (LOI) with the intention to distribute MVW products through NOSC established network of clients, as well as new clients.
NOSC is a supplier of commodity and specialty chemicals to the on- and offshore oil and gas industry, as well as supplier of water treatment chemicals and flocculants (polymers) and coagulants to the industrial and municipal wastewater treatment market. The deliveries from MVW are environmentally friendly products and will supplement NOSC portfolio with green water treatment products. NOSC is a part of Norwegian Oilfield Supply Group, with activities mainly in Norway.
During the LOI period the parties agrees to process 2 commercial projects on commercial market terms, and subsequently establish a firm Distribution and Collaboration Agreement during Q3-2021 for continued deliveries to projects within the described industries. This is a step forward in MVW’s strategy of expanding activities in Norway.
For further information, please contact:
Stein Giljarhus, CEO
M: +47 90 54 08 32 | email@example.com
About M Vest Water AS:
M Vest Water is an environmental technology company who has developed unique products and solutions to the water treatment industry, both Industrial as well as the Municipal markets. Its products are non-toxic, biodegradable and can be left in nature 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.