Trial Updates

Ocean Harvest Technology Group PLC

19 June 2023

 

19 June 2023

Ocean Harvest Technology Group plc

("OHT", the "Company", or the "Group")

Feed Trial Results update

Ocean Harvest Technology Group plc, a leading global producer of animal feed supplements from multispecies seaweed blends, is pleased to announce the results from four recently completed feed trials.  The first three trials were carried out by universities in conjunction with potential customers whilst the swine trial was undertaken directly by a potential customer.

Highlights:

·      A laying hen trial confirmed improvements in both egg production and feed efficiency when birds were fed an OceanFeed^TM Poultry supplemented diet.  These performance improvements materially increased income per hen.

·      A catfish trial demonstrated that fish fed with OceanFeed^TM Aqua in their diets had higher feed intake and weight gain, leading to a substantial increase in final weight.

·      A trial with juvenile shrimp where OceanFeed^TM Aqua improved both weight gain and feed efficiency, thus reducing production costs. OceanFeed^TM Aqua also helped reduce mortality in a disease challenge trial run in parallel.

·      A commercial swine trial reported material improvements in feed efficiency in piglets with OceanFeed^TM Swine included in their diet.  OceanFeed^TM Swine successfully replaced a combination of seven conventional gut health additives. 

These results add to the Company's substantive dataset demonstrating the efficacy of OceanFeed^TM in improving animal performance across a range of species, and highlights the important benefits of using OceanFeed^TM ingredients in a number of applications.   The substantial and growing breadth of data across multiple species is helpful in driving new customer adoption which remains an important aspect of OHT's revenue growth.  More details on these results are available in the trial report summaries on the company's website, www.oceanharvesttechnology.com.

Mark Williams, CEO, Ocean Harvest Technology, commented:

"We are delighted that these trials have again demonstrated the benefits of Ocean Harvest's OceanFeed™ products. Our proprietary seaweed blends are delivering strong results in animal performance and production economics in a cost-effective and environmentally sustainable manner. OHT will continue to invest in developing our product portfolio, and we are confident that the significant benefits of our products will support future customer growth."

Investor Presentation via Investor Meet Company

Ocean Harvest Technology is pleased to announce Dr Hadden Graham, Chief Commercial Officer and Dr Ian Hutchinson, Technical Director will provide a live presentation about the Company's Trial Programmes via Investor Meet Company on 26th June 2023 at 2:00pm BST.

The presentation is open to all existing and potential shareholders. Questions can be submitted pre-event via your Investor Meet Company dashboard up until 9am the day before the meeting or at any time during the live presentation.

Investors can sign up to Investor Meet Company for free and add to meet Ocean Harvest Technology via:

https://www.investormeetcompany.com/ocean-harvest-technology-group-plc/register-investor

Investors who already follow the Company on the Investor Meet Company platform will automatically be invited.

For more information please contact:

Ocean Harvest Technology Group plc	Tel: [phone]
Mark Williams, CEO
finnCap Ltd (Nominated Adviser and Sole Broker)	Tel: [phone]
Geoff Nash / Seamus Fricker / George Dollemore (Corporate Finance) Charlotte Sutcliffe / Harriet Ward (ECM)
Camarco (Financial PR Adviser)	Tel: [phone]
Tom Huddart / Rosie Driscoll / Letaba Rimell	[e-mail]

Notes to Editors

Ocean Harvest Technology Group plc is a global leader in the development and commercialisation of value adding products from multiple species of seaweed. The Company provides a range of natural ingredients focused on improving animal performance whilst protecting the environment, through its unique and proven intellectual property portfolio. The Company's products are produced in its facility in Vietnam from seaweeds soured from multiple markets across the world.

For more information, please visit www.oceanharvesttechnology.com.

 

END