M Vest Water AS: Enters into LOI with Nijhuis Saur Industries BV

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Bergen, Norway – 18th August 2021: M Vest Water (MVW) and Nijhuis Saur Industries (NSI) has signed a Letter of Intent (LOI) with the intention to distribute MVW products to NSI’s existing and new clients.

NSI has broad experience and application know-how within a wide range of industries, designing the most appropriate solutions to reduce, reuse and recover (waste)waters. NSI is integrated in, and owned by Saur Group, which has > 4000 references in > 140 countries worldwide, 1.5 billion euros in annual turnover and 9000 employees. The deliveries from MVW are environmentally friendly products and will supplement NSI’s portfolio with green water treatment products. For more information about NSI, visit www.nijhuisindustries.com.

During the LOI period the parties agrees to process a minimum of 2 commercial projects, and subsequently establish a Business Collaboration Agreement within December 2021. This is a major step forward in MVW’s strategy of expanding activities globally.

NSI will also manufacture and promote MVW proprietary equipment and process technology in addition to distribute the Norwafloc – environmentally friendly flocculant – through the NSI established global sales network.

For further information, please contact:

Stein Giljarhus, CEO, stein.giljarhus@mvestwater.com, +47 90 54 08 32

About M Vest Water AS:

M Vest Water is an environmental technology company who 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 can be left in nature 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 is subject to the disclosure requirements pursuant to Section 5-12 the Norwegian Securities Trading Act.

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