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ARTEC TECHNOLOGIES AG

(A6T)
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artec technologies : Endúr ASA - Artec Aqua formally signs contract to build brood stock facility for Aquagen

01/19/2021 | 02:51am EDT
[19] January 2021 - Artec Aqua AS, where Endúr ASA has entered into an agreement
to purchase all shares, has formally signed a turnkey contract with Aquagen for
the construction of an expansion of their existing brood stock facility Profunda
at Barstadvik. Artec Aqua has already completed a design phase with the client
ensuring optimal conditions for the salmon and as the probability for final
agreement was considered very high, the contract is included in the backlog
communicated to the market January 11,2021.

The contract value is NOK 150 million. The contract is the second phase of the
facility expansion at Barstadvik and Artec Aqua was the turnkey provider also
for phase one. 

The contract is a testament to Artec's market leading position within broodstock
facilities and their position as turnkey provider to the land based aquaculture
industry. The construction phase is expected to start Mid February 2021 with
completion expected by summer 2022.

Artec Aqua is the newest member of the Endúr family and is a leading company
within the engineering and construction of land based smolt/post smolt,
broodstock and grow-out facilities. Artec is technology independent and delivers
both flow-through facilities, hybrid flow-through /regeneration systems and RAS
systems. 

ENDS

For further information, contact: CEO of Artec Aqua, Ingegjerd Eidsvik: tel: 95
08 77 54

Click here for more information

© Oslo Bors ASA, source Oslo Stock Exchange

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Financials
Sales 2021 3,70 M 4,31 M 4,31 M
Net income 2021 -0,05 M -0,06 M -0,06 M
Net Debt 2021 - - -
P/E ratio 2021 -163x
Yield 2021 -
Capitalization 9,26 M 10,8 M 10,8 M
Capi. / Sales 2021 2,50x
Capi. / Sales 2022 1,79x
Nbr of Employees 21
Free-Float 81,3%
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Number of Analysts 1
Last Close Price 3,25 €
Average target price 5,60 €
Spread / Average Target 72,3%
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Managers and Directors
Thomas Hoffmann Chairman-Supervisory Board & CEO
Ingo Hoffmann Chief Technology Officer
Stefan Schütze Member-Supervisory Board
Tino Menge Member-Supervisory Board
Marco Müller Manager-Product Sales
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