REG - Ocean Harvest Tech. - Trial Updates

Ocean Harvest TechnologyAnnouncement

19/06/2023 07:00

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RNS Number : 0768D  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
(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: +44 (0)118 228 7612

 Mark Williams, CEO

 finnCap Ltd (Nominated Adviser and Sole Broker)                     Tel: +44 020 7220 0500
 Geoff Nash / Seamus Fricker / George Dollemore (Corporate Finance)

 Charlotte Sutcliffe / Harriet Ward (ECM)

 Camarco (Financial PR Adviser)                                      Tel: +44 (0) 203 757 4991
 Tom Huddart / Rosie Driscoll / Letaba Rimell                        oht@camarco.co.uk (mailto:oht@camarco.co.uk)

 

 

 

 

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
(http://www.oceanharvesttechnology.com) .

 

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