September 6, 2024 – Sævareid Fiskeanlegg AS (“Sævareid”) has awarded a significant smolt facility contract to Artec Aqua AS (“Artec Aqua”), a fully owned subsidiary of Endúr ASA (“Endúr”). Artec Aqua will serve as turnkey supplier for the development of a new smolt production facility in Sævareid, Norway. The facility is designed to achieve a production capacity of 29 million smolt, providing a substantial enhancement to Sævareid’s operational capacities.
As per the terms of the contract, Artec Aqua will immediately enter into the facility’s detailed design phase. This phase is scheduled to be finished in the second quarter of 2025. Following the completion of this phase and contingent upon Sævareid’s final investment decision (“FID”), Artec Aqua will oversee the construction, management and commissioning of the entire facility. The facility will be equipped with Artec Aqua’s cutting-edge hybrid flow through technology, known for its superior efficiency and sustainability. Prior to the award, Artec Aqua has collaborated closely with Sævareid on the conceptual design of the facility, ensuring that it will meet the highest standards of innovation and efficiency.
“We are thrilled with this award and the prospect of further developing a strong partnership with Sævareid”, says Ingegjerd Eidsvik, General Manager of Artec Aqua. “Artec Aqua is recognized as one of the world’s leading suppliers of technical infrastructure for land-based fish-farming facilities. This contract significantly strengthens our presence in a rapidly growing industry”, adds Jeppe Raaholt, CEO of Endúr.
The total value of the contract, including both the phases for detailed design and construction, exceeds NOK 600 million. For reporting purposes, Endúr will include the design phase as order intake in the third quarter of 2024.
“We are very pleased with the collaboration that we have had this far with Artec Aqua, and are looking forward to together extend our cooperation on this project”, says Karina Antonsen Hjelle, Chairman of The Board of Sævareid.
(ENDS)
For further information, please contact:
Media
General Manager of Artec Aqua, Ingegjerd Eidsvik, + 47 95 08 77 54
CEO of Endúr, Jeppe Raaholt, +47 97 66 97 59
Investors
CFO of Endúr, Einar Olsen, +47 924 01 787
