NOT FOR DISTRIBUTION OR RELEASE, DIRECTLY OR INDIRECTLY, TO U.S. NEWS WIRE
SERVICES OR FOR DISSEMINATION IN OR INTO THE UNITED STATES, AUSTRALIA, CANADA OR
JAPAN, OR ANY OTHER JURISDICTION IN WHICH THE DISTRIBUTION OR RELEASE WOULD BE
UNLAWFUL.
BioFish has received the verdict from the arbitration proceedings which was held
between BioFish AS and Russian Salmon LLC 26-28th May in Bergen. Russian Salmon
LLC's overall claim was NOK 8.6 million plus costs. BioFish AS' counterclaim
was in the amount of NOK 9.8 million plus costs.
The Arbitration tribunal decided in favour of Russian Salmon LLC.
For more information please contact:
Torbjørn Skulstad, CEO
+47 483 81 546
Tor Haldorsen, Chairman of the board
+47 932 26 282
About BioFish:
BioFish is a land-based producer of smolt - juvenile fish destined for
aquaculture facilities. The company's production takes place in its production
facility in Kvam on the Norwegian west coast using a Recirculating Aquaculture
System (RAS), which recycles at least 99% of the water used. BioFish' deliver
smolt to salmon farms along the entire Norwegian coast and may also deliver its
products to customers across Northern Europe.