Marine Harvest (OSE:MHG, NYSE: MHG): Update from the Norwegian authority regarding development licenses and the Egg concept
November 28 2016 - 1:00AM
On 10 February 2016 Marine Harvest applied for 14
development licenses in relation to the concept "the Egg". The Egg
represents a new enclosed technology within salmon farming and has
many advantages to conventional farmed salmon production in regards
to minimize environmental impact and increase value creation. The
Norwegian Directorate of Fisheries has now informed Marine Harvest
that the Egg concept qualifies in general for the development
licenses scheme and that they may award four development licenses
for this project. Marine Harvest is very pleased with the positive
feedback from the Directorate of Fisheries and we are encouraged to
see that the authority shares our view that the Egg concept
represents a new technology which may contribute to move the salmon
industry forward. We will continue to work with the authorities,
and hope they will reach a final conclusion imminently in order for
the project to commence.
To date Marine Harvest has applied for 34
development licenses for four concepts.
This information is subject to the disclosure
requirements pursuant to section 5-12 of the Norwegian Securities
Trading Act.
This
announcement is distributed by Nasdaq Corporate Solutions on behalf
of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely
responsible for the content, accuracy and originality of the
information contained therein.
Source: Marine Harvest ASA via Globenewswire
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