Subsidiary obtains US Coast Guard certification

HAV Group's subsidiary Norwegian Greentech has received the important US Coast
Guard (USCG) approval for its ballast water treatment system (BWTS). The
certification gives Norwegian Greentech access to a new, large market. 

US authorities require USCG certification for both US ships and international
vessels that call at US ports.

By obtaining USCG certification, Norwegian Greentech's systems can now be
installed and utilised by all ships; those that sail in US waters today and
those that may sail in US waters in the future.

"Gaining access to a much larger international market is of course important.
Equally important is that our customers no longer have any restrictions. They
can now sail anywhere with Norwegian Greentech's system on board," says Børge
Gjelseth, sales and marketing director at Norwegian Greentech. 

The requirements for the USCG certificate are stricter than the conditions
companies have to meet to gain IMO approval for their BWTS. Through obtaining
USCG approval, Norwegian Greentech's technology has satisfied the strictest
demands for ballast water treatment systems. 

Norwegian Greentech therefore considers the USCG certification as a seal of
approval for both the BWTS products and the company's production methods. 

"We are very proud of having completed a very demanding USCG approval process,
which basically creates a solid platform for further growth," adds Børge

Norwegian Greentech has since 2018 increased its revenues tenfold. The majority
of the growth is related to high demand and new contracts for BWTS for vessels,
especially retrofitting of existing vessels. 

Further, part of the growth derives from Norwegian Greentech's method of
utilizing UV and filters on highly compact and energy-efficient water treatment
systems that are applied to other parts of the maritime industry. 

"We are constantly looking for new applications for our technology, but the US
market will of course get a lot of extra attention going forward," adds Børge

For additional information, please contact:
Gunnar Larsen, CEO
[email protected]
+47 901 05 694

About HAV Group | 
The HAV Group is an international provider of technology and services for
maritime and marine industries, listed on Euronext Growth under the ticker code
HAV. The group comprises four subsidiaries with several decades of combined
experience in the industry, in addition to special expertise in guiding the
marine and maritime industries through the green shift and towards the goal of
zero emissions.

About Norwegian Greentech | 
Norwegian Greentech is a supplier of sustainable systems for clean water. Its
main product is a purification system for ballast water, but the company is also
a significant supplier of purification systems for the ocean and land-based
aquaculture industry. The company has sold close to 700 treatment systems so
far, and the market is growing rapidly due to international requirements. 

This announcement is published by Daniel Kopperstad, Head of Legal Affairs at
HAV Group ASA, at 06:00 CET, 25 February 2022.

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© Oslo Bors ASA, source Oslo Stock Exchange


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