November 9, 2022

Salmon Evolution competes first salmon batch harvest

Salmon Evolution ASA announced that the Norwegian land-based salmon farming company successfully completed its first harvest from its first batch this month.

"Having successfully completed the first harvest is a historic milestone for Salmon Evolution,"  said Trond Håkon Schaug-Pettersen, interim chief executive officer and chief financial officer in Salmon Evolution. "In just seven months, we have grown our salmon from 300 grams to harvest weight, clearly demonstrating proof of concept as to our approach to land-based salmon farming. Salmon Evolution is all about creating optimal living conditions for the salmon, which in turn sets the basis for excellent biological performance and long-term profitability."

The operation started on November 3 when about 30,000 salmon were transferred from Indre Harøy, Norway, to Salmon Evolution's nearby processing partner Vikenco where the fish has been resting in their holding cage over the weekend. The whole process went according to plan and minimal mortality was registered during the fish transfer process, Salmon Evolution said.

The harvest will be spread over a couple of days, with the first group already harvested recently.

"We are extremely excited to have completed our first harvest which will give us valuable insight into how we operate our facility," said Ingjarl Skarvøy, chief operating officer of Salmon Evolution. "Although Batch 1 already has been a major success, we are confident that as we learn more and more, we will be able to continuously improve our operations and maximise the output from the farm while, at the same time, upholding the highest quality standards."

The salmon from this harvest has been sold to a selected group of customers both in Norway and abroad, providing them with the opportunity to test the product and verify the quality ahead of the company's planned ramp-up in harvest volumes over the coming quarters.

The rest of Batch 1 is planned to be harvested during the fourth quarter of this year.

- Salmon Evolution