HAV Group'ssubsidiary 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. SEAL OF APPROVAL 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 Gjelseth. STRONG GROWTH 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 Gjelseth. For additional information, please contact: Gunnar Larsen, CEO [email protected] +47 901 05 694 About HAV Group| www.havgroup.no The HAV Groupis 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 | www.norwegiangt.no 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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