Resqunit AB announces distribution agreement with Ad Mare Solutions in Portugal

Sandnes/Norway January 24th, 2023, 13:00 CET - Resqunit AB (Nasdaq First North GM: RESQ), ("Resqunit" or the "Company"), a company specializing in smart electronics for use offshore and in the fishing industry to reduce loss of fishing gear, today announced they have entered into a distribution agreement with Ad Mare Solutions Lda to bring Resqunit Trap Recovery System to the Portuguese market.

"Ad Mare Solutions - For a Cleaner Ocean"

Ad Mare Solutions specializes in providing the maritime industry with technical solutions, with an emphasis on clean-up systems, oil spill preparedness, and the conservation of the oceans. The company is currently the official distributor in Portugal of equipment to combat marine pollution under the DESMI brand and Darçy absorbents and is the representative of the French brand Poralu Marine in Portugal, which sells the Bebot beach cleaning robot.

"This is yet another milestone in building a global distribution network for our products. Portugal has a large fishing industry, with the highest seafood consumption per capita in Europe. We are excited about our agreement with Ad Mare Solutions, and we look forward to the cooperation on raising accessibility to Resqunit's products in Portugal", says Helge Trettø Olsen, CEO of Resqunit AB.

António Neto, CEO, and founder at Ad Mare Solutions, Lda, comments:

"We are proud to have been chosen as a distributor for Resqunit in Portugal. Ad Mare is confident that this agreement will be beneficial for both of our companies - We look forward to a successful partnership."

The distribution agreement gives Ad Mare Solutions the exclusive right to sell Resqunit products in Portugal for one year. Renewal of exclusivity is contingent upon annual outtake of at least SEK 1 200 000. The agreement is effective immediately.

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For additional information, please contact:
Helge Trettø Olsen, CEO, Resqunit AB
Email: [email protected]
Phone: +47 901 68 908

Resqunit is an ocean technology company that develops innovative equipment to disarm and retrieve lost fishing gear. Through the collection of sensor data and software, the company wants to increase knowledge about the ocean and increase catch predictability. Every year, between 500 000 and 1 000 000 tons of fishing gear disappear at sea, including 25 million fishing pots. A significant part of this consists of plastic, which over time dissolves in microplastic particles and enters the food chain. Lost gear harms fisheries, animal populations and the environment. Resqunit AB (publ) was founded in 2021 as a parent company (listco) with 100% of the shares in the Norwegian subsidiary Resqunit AS, founded in 2017.

Om RESQUNIT

Resqunit är ett företag som jobbar för att minska den globala påverkan av förlorad fiskeutrustning.

Exempelvis lösningar som deras reservboj som är monterad på hummerfällor. Om en fälla är i vattnet under en längre tid släpper enheten reservbojen. Bojen flyter upp till ytan och fällan kan plockas upp. Fiskarna sparar pengar och en miljöfara tas bort från havet.

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www.resqunit.com

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Marknad Nasdaq First North Growth Market Kortnamn RESQ ISIN-kod SE0017131220 Certified adviser Mangold Fondkommission