Salmon Evolution ASA has today decided to go ahead with start of construction for their Phase 2 land-based grow-out salmon farming facility at Indre Harøy,Norway . Endúr ASA's wholly owned subsidiary Artec Aqua AS signed the contract to deliver the process facility for phase 2 (BTB) inJune 2023 , and will now commence construction. Under the contract, Artec Aqua has done engineering of the process facility. Now with the final investment decision taken, Artec Aqua will deliver its hybrid flow-through technology and manage the construction and commissioning of the process facility. The total contract awarded is approximatelyNOK 1 billion for Artec Aqua. The construction will commence in Q3 2024 and is expected to be completed in Q4 2026. Artec Aqua has previously conducted design, construction and commissioning ofSalmon Evolution's phase 1 (BTA) at Indre Harøy. This facility has delivered strong results over an extended period of time. "We look forward to commencing construction of Phase 2 at Indre Harøy, and with that contribute to a foundation for further growth forSalmon Evolution . Overall, the results from Phase 1 at Indre Harøy have been excellent, and the feedback from our customer emphasizes our project execution and technology as a major contributor to the facility's success," says Ingegjerd Eidsvik, CEO of Artec Aqua. "Artec Aqua is one of the world's leading suppliers of technical infrastructure to land-based fish farming facilities, andSalmon Evolution is rapidly building up its production volumes. It is a highly valuable collaboration, and we look forward to contributing towards creating even stronger operational, biological and financial results at Indre Harøy going forward," says Jeppe Raaholt, CEO of Endúr ASA. The contract also includes an intention for Artec Aqua to provide technical infrastructure forSalmon Evolution's phase 3 (BTC), which is double the size compared to phase 1 and 2, also at Indre Harøy. (ENDS) For further information, contact: Media CEO Endúr ASA, Jeppe Raaholt, +47 97 66 97 59 CEO Artec Aqua, Ingegjerd Eidsvik, + 47 95 08 77 54 Investors CFO Endúr ASA,Einar Olsen , +47 924 01 787 About Endúr ASA: Endúr ASA (OSE:ENDUR ) is a leading supplier of construction and maintenance projects and services for marine infrastructure, including facilities for land-based aquaculture, quays, harbours, dams, bridges and other specialized concrete and steel projects. The company and its subsidiaries also offer a wide range of other specialised project and marine services. Endúr ASA is headquartered in Lysaker,Norway . See www.endur.no.
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