Market update Aqua Bio Technology ASA – European patent for the ingredient Chaga

12.9.2023 10:35:50 CEST | Aqua Bio Technology ASA | Non-regulatory press
releases

Aqua Bio Technology ASA (ABT) has been granted a European patent for use of
Chaga in cosmetic formulations until 2037. This latest patent secures the rights
in both US and Europe. See stock exchange message for the US patent: 
https://newsweb.oslobors.no/message/584269 

The Chaga mushroom grows on birch trees throughout the northern hemisphere. The
extract from Chagas mushroom has shown good results on wrinkles and general skin
improvement. The extract from Chagas mushroom can be beneficial for anyone
suffering from skin conditions such as acne, allergic reactions, rashes,
dermatitis, psoriasis, rosacea and eczema. The European and US patent secures
ABT's use of this ingredient in existing and future cosmetic products and
prohibits other players to use this ingredient without a specific license from
ABT.


***

For further information, please contact CEO Håvard Lindstrøm mobile phone +47
941 32 288.

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

 

DISCLOSURE REGULATION

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

CONTACTS

 * Håvard Lindstrøm, 004794132288, hl@aquabiotech.no 

ABOUT AQUA BIO TECHNOLOGY ASA

Aqua Bio Technology (ABT) is developing and commercializing sustainable
biotechnology for use in skin care products. ABT's cosmetics ingredients are
highly 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. Aqua Bio Technology is listed on Euronext Expand.

ATTACHMENTS

Download announcement as PDF.pdf -
https://kommunikasjon.ntb.no/ir-files/17847556/2612/3653/Download%20announcement
%20as%20PDF.pdf

Download announcement as PDF