Aqua Bio Technology ASA: First order from DBK Pharmaceuticals S.A.E. confirmed

10.3.2021 16:05:47 CET | Aqua Bio Technology ASA | Inside information

Aqua Bio Technology ASA (ABT) entered into a distribution agreement in Q4 2019 -
https://newsweb.oslobors.no/message/486538 with DBK Pharmaceuticals S.A.E. (DBK)
in Cairo, Egypt for distribution of the skincare series Moana Skincare. DBK -
https://www.dbk-eg.com/ is a fast growing Egyptian company in the marketing and
sale of exclusive cosmetic products as well as other consumer goods. The
Egyptian market for cosmetics and personal care is estimated at around NOK 30
billion and is growing rapidly.

DBK's launch of Moana has been delayed due to the Corona pandemic, but ABT has
now received the first order confirming the further cooperation between ABT and
DBK. The launch of the skincare series is expected to take place in Q4 after the
Moana Skincare series has been registered and approved in accordance with local
regulations.

For further information, please contact Espen Kvale, CEO, telephone +47 916 28
092

Aqua Bio Technology (ABT) is developing and commercializing sustainable
biotechnology for use in skin care products. ABT's cosmetics ingredients are
effective and they provide the cosmetics industry with natural alternatives to
traditional ingredients. ABT is also marketing and distributing natural skin
care products developed by partners towards consumers and professional users.
ABT's focus on commercialization and development of natural ingredients and
natural skin care products has been, and will continue to be, an important part
of the company's strategy going forward. Aqua Bio Technology is listed on
Euronext Expand.

This information is subject to the disclosure requirements pursuant to section
5-12 of the Norwegian Securities Trading Act.

DISCLAIMER

This information is subject of the disclosure requirements pursuant to section
of 5-12 of the Norwegian Securities Trading Act.

CONTACTS

 * Espen Kvale, CEO, +47 916 28 092, espen.kvale@aquabiotech.no 

ATTACHMENTS

Download announcement as PDF.pdf -
https://kommunikasjon.ntb.no/ir-files/17847556/376/463/Download%20announcement%2
0as%20PDF.pdf

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