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Pörssitiedote

Sale of NORWAPOL® to a large Norwegian Oil Terminal

M Vest Water
Lataa tiedote

Bergen, Norway, July 10, 2025 – M Vest Water (EURONEXT: MVW) today announces the sale of a NORWAPOL® retrofit to replace sand filtration at a large Norwegian oil terminal. This marks the second NORWAPOL® retrofit ordered by the client, under which another sand filter at the oil terminal will be converted into a NORWAPOL® unit for treating produced water.

A repeat order from the same client, following two years of successful operation with their first NORWAPOL® system, serves as a strong reference for both the technology and MVW.

The sale includes our patented polishing process NORWAPOL®, where NORWAFLOC® is added prior to the automatic backwash media filtration vessel. It also involves replacing the incumbent sand filtration with the innovative activated filter media AFM®, significantly enhancing filtration performance.

NORWAPOL® is a patented process technology developed by MVW. It uses NORWAFLOC®, MVW’s proprietary and environmentally friendly bio-flocculant, which is added to wastewater to enable the subsequent removal of pollutants in the NORWAPOL® filter.

“We are pleased that our client has chosen to implement our NORWAPOL® solution at a second water stream. The sale reflects the growing interest within the oil and gas industry for effective, yet environmentally friendly and sustainable solutions, that enable significant reductions in harmful discharges to nature. The sale also highlights the expanding footprint of our NORWAPOL® technology in the oil and gas sector. This is a valuable reference for MVW, as we are currently engaged in several qualification processes to expand the global adoption of NORWAPOL® over the summer”, says Executive Chairman, Mr. Tor Olav Gabrielsen.  

Contact
For further information, please contact:

Morten Hilton Thomassen, CFO
mht@mvestwater.com
+47 92 25 85 70

About Us
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.

M Vest Water is listed on Euronext Growth under the ticker MVW.
For more information, visit www.mvestwater.com.

This information has been submitted pursuant to the Securities Trading Act § 5-12 and MAR Article 17. The information was submitted for publication at 2025-07-10 10:12 CEST.

Attachments
Sale of NORWAPOL® to a large Norwegian Oil Terminal

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