Reports and presentations

Q1 2024 Letter from the CEO: Prepared for future growth 

Our innovative and eco-friendly water-and sludge treatment technology is attracting attention internationally. In the process of commercialization, we have focused on preparing our supply chain, investing in product development and adaption, and increasing our tender activity across various regions, including the US, Germany, Norway, and recently, the Middle East.

An important step in building a solid organization prepared for future growth was the attainment of ISO 9001 and 14001 certifications in February. For certain industries, an ISO certification may be required by law or contractually, in addition to signifying a positive step toward ensuring customer satisfaction, regulatory compliance, and environmental responsibility.

Additionally, M Vest Water (MVW) completed a capital increase at favourable terms in April, securing 28 MNOK in financing for ongoing projects and expansion. I extend my gratitude to both our existing investors and the new quality investors for their support and belief in our strategic vision.

We have secured contracts in the business segments of Oil & Gas and Aquaculture, alongside an important agreement for the sales and distribution of our NORWAFLOC® to municipal wastewater facilities in Germany. Moving forward, we remain focused on securing contracts and building our order backlog by intensified marketing and sales efforts, and participation in tender processes within our key markets.

In closing, I want to emphasize how our dedication to innovation and sustainability drives us forward, evidenced by our growing market presence, increased tender activity, and new partnerships across various regions. With the recent successful completed private placement, we are primed for future growth and expansion.

- Stein E. Giljarhus (CEO)