May 23, 2024

MossHydro AS acquires the Fiizk Akvafresh AS estate including Desalination Systems and Patents.

MossHydro AS acquires the Fiizk Akvafresh AS estate including Desalination Systems and Patents.

MossHydro AS, a subsidiary of Nordic Technology Group AS, is pleased to announce the acquisition of the Fiizk Akvafresh estate. The debt free assets and ongoing commercial operations includes system lease contracts and service contracts.

The Akvafresh operation will generate immediate revenue for MossHydro from existing contracts. We believe the Akvafresh system sales open tenders will increase MossHydro presence and visibility in the market for freshwater production and significantly increase MossHydro´s top line. The acquisition of assets from Fiizk Akvafresh strongly supports MossHydro´s medium term goal of increasing revenues by four times compared to 2023 levels. (www.mosshydro.com)

For more information, please contact:

Group CEO Rune Rinnan

Chair MossHydro AS

Mob. +47 900 56 028

rune.rinnan@ntechgroup.no

www.ntechgroup.no

Kristian Holmen, CEO MossHydro AS

sales@mosshydro.com

www.mosshydro.com

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