Company announcement no. 8
Vejle May 28th, 2019
Waturu enters into an agreement with a internationally recognized company within fish farming. The intention is to eliminate the risk of mortality from fish as a result of external bacteria or algae.
Tons of fish die as a result of the influence of algae or bacteria of various kinds.
Waturu has developed a new type of sustainable solution for the treatment of process water for eg. fish farming that, when using electrodes in a water flow, kills bacteria and algae and supplies antioxidants to the water.
So far, the usual solution has been to medicate the fish against diseases such as Flavobacterium psychrophilum, use of formalin and purification of the water by using e.g. UV lighting. Unfortunately, there is an increase in mortality among the fish, which may be due to resistance to current medications as well as sporadically increased incidences of algae and bacteria due to the weather.
The agreement means that Waturu will set up test facilities during the month of June and that in the subsequent 6 - 8 weeks, documentation will be recorded on improvement of the survival rate and faster growth.
"The climate-friendly technology Waturu has developed - we designate as a platform technology. There is in many different industries the need for treatment of water whether it be heating, cleaning or a combination. We call it our OEM business area and with the agreement we prove that it is possible to execute and expand the business. When the results are available later in the year, we will assess the impact on the future results ". Says CFO at Waturu Holding A / S, Michael Nørgaard.
The Scandinavian countries are at the forefront of fish farming based on the type RAS - Recirculating Aquaculture Systems, and have a total of more than approx. 700 plants. There are thousands of plants worldwide and in the year 2030 it is expected that up to 40% of the global fish market will be delivered from RAS plants. The plant that participates in the test produces approx. 750 tons of trout. The current mortality among the fish is approx. 40%.
About the company:
Waturu Holding A/S is a Greentech company that offers an innovative water technology. The technology, instantly delivers hot water in a sustainable and responsible manner. The water and energy consumption is lowered by respectively 75% and 94% compared to a district heating solution with circulation. With the savings, a significant CO2 reduction follows.
Integration of the company's technology into external products and the treatment of process and waste water are also business areas of focus.
The company initiates automated production in Denmark in 2019, has established subsidiaries and has a patent and patent applications in process.
More information:
CEO Toke Reedtz, tel: +45 5188 1262, e-mail: toke@waturu.com
CFO Michael Nørgaard, tel: +45 2720 6214, e-mail: mn@waturu.com
Waturu Holding A/S
Sjællandsgade 32
7100 Vejle
Denmark
www.waturu.com
Certified Adviser:
Västra Hammen Corporate Finance AB
Per Lönn,
tel. +46 40 200 255
Jungmansgatan 12
211 11 Malmö
Sweden
www.vhcorp.se