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Regulatory press release

Nordic Aqua Partners A/S: Nordic Aqua Market Update

2024-04-02 16:25
Nordic Aqua Partners
Read the release

Nordic Aqua Partners (Nordic Aqua, The Company) has during Easter carried out a test-harvesting at the Gaotong facility in China. The Company is pleased to announce that the results have exceeded expectations in both quality and yield. 

Following the tests, the company has decided to implement some minor adjustments to the water circulation systems. This will affect the timeline for "first harvest" marginally, and hence, Nordic Aqua is planning a start of first harvest in week commencing with 22 April. 

"While this adjustment necessitates a slight rescheduling of the harvest to the latter half of April, it is a calculated move to enhance the quality that PureNordicSalmon is set to represent", says CEO Ragnar Joensen. 

Joensen adds: "We will gradually increase the volumes, until we achieve full scale production in May." 

Although there's a minor shift in the second quarter harvest timeline, the comprehensive planning ensures that this will not impact the annual output. Nordic Aqua Partners is committed to meeting its projected harvest volume of 3,400 tonnes for 2024. 

Nordic Aqua Partner is soon ready to gear up activities for the introduction of its Atlantic salmon under the PureNordicSalmon brand to the Chinese market. 

Nordic Aqua Partners will provide a full update of the first harvest later this month. 

For further information please contact: 

Hjalti Hvítklett, CFO hjalti@nordicaquapartners.com+298 221222 

About Nordic Aqua Partners 

Nordic Aqua Partners is a Nordic land-based Atlantic salmon farming company, using cutting-edge Nordic technology and expertise to set up the first fully integrated and commercially scaled Recirculating Aquaculture System (RAS) farm for Atlantic salmon located in Ningbo, China. Nordic Aqua Partners is the first local producer of truly sustainable and Super-fresh Atlantic salmon to the Chinese market. The current business plan is for an annual production of 20,000 tonnes HOG. Nordic Aqua Partners AS is listed at Euronext Growth under the ticker NOAP. 

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