First smolt release at Indre Harøy.

Salmon Evolution has Successfully Completed the First Smolt Release at Indre Harøy

Salmon Evolution ASA (OSE: SALME) has announced that it on 26 March 2022 successfully completed the first smolt release at its ground-breaking land-based salmon farming facility at Indre Harøy.

About 100,000 smolt was released with an average weight of around 300 grams. The smolt was supplied by Kraft Laks, Salmon Evolution's in-house smolt facility acquired in August 2021 and well known for its long track record in providing first class smolt to Norwegian salmon farmers.

The smolt transportation from Kraft Laks to Indre Harøy was carried out with a live fish carrier after which the fish was carefully pumped into the first fish tank at Indre Harøy. All relevant fish health parameters were constantly monitored during the process with no negative indicators identified.

Best-in-class fish welfare, optimal water conditions, strong focus and use of high quality feed ensures consistently superior product quality.

Following the positive confirmation of the fish transfer process and a customary short adaption period for the fish, initial feeding commenced. The Company is pleased to see that the conditions in the farm have been stable, the fish have shown good appetite and have had a behaviour in line with expectations.

This major milestone is the result of a thorough testing and commissioning phase that started already in December last year and now culminating with having taken the first part of the facility into operation.

A controlled production environment, combined with minimal handling of the fish, improves the growth rate as well as salmon health.

Mr. Håkon André Berg, CEO of Salmon Evolution comments: "Since we started construction back in May 2020, this is the moment that we all have been waiting for. I am extremely proud of our organization and the fact that we have been able to adhere to our ambitious timeline, even with the challenges faced us during the pandemic".

"At the same time, this is just the beginning. As we now move forward, our number one priority is the biology in our farm. Good biology will improve fish quality and translate into strong growth, which finally will be reflected in the financial performance. With our organization now totalling more than 40 highly skilled employees, I am more confident than ever in our mission – extending the ocean potential."

Salmon Evolution meets the strictest standards for quality, fish welfare, origin and sustainability.

Over the coming months Salmon Evolution will gradually ramp up production at Indre Harøy with the next release of smolt planned already in May. Steady state smolt release volumes are expected from Q4 2022, where at the same time both completion of phase 1 and first harvest are expected.

First smolt release at Indre Harøy  - Salmon Evolution from Salmon Evolution on Vimeo.

About Salmon Evolution

editorial@seafood.media
www.seafood.media

Address:	Eikremsvingen 2C,
City:	Molde
State/ZIP:	(NO-6422)
Country:	Norway
Phone:	+47 901 16 803
E-Mail:	post@salmone.no
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