Aqua Bio Technology : has signed a distribution agreement with a new partner

Aqua Bio Technology ASA (ABT) has signed an agreement with Swiss Tanner s.a. (Tanner), which gives Tanner exclusive rights to the distribution of ABT's skin care series CUVGET and MOANA in Germany, Switzerland and Austria. This is an agreement of vital importance for ABT, ensuring new revenues from 3 new and significant markets.

In the first half of 2017, ABT signed agreements securing exclusive rights for the sale and distribution of two skin care series within the EMEA region (Europe, Middle East and Africa). These brands are MOANA and CUVGET.

According to the agreement with Tanner, both brands will be distributed in Germany, Switzerland and Austria. The agreement is valid for three years to begin with, with the right to prolongation if Tanner achieves the minimum volumes in the agreement.

'This is an important and significant agreement for Aqua Bio Technology, and shows that the skin care series we signed exclusivity agreements for in the first half of the year is attractive to end-users and distributors internationally. We are working to close further agreements in other markets to ensure increased revenues later in 2017 and in the years to come,' said Arvid Lindberg, CEO of Aqua Bio Technology ASA.

The agreement implies an exclusive right to market, distribute and to sell the relevant products to end users, consumers and professional users, as well as all stores, skin care clinics etc., which Tanner in collaboration with ABT, considers to be best suitable to present the products to consumers.

For further information, contact CEO of Aqua Bio Technology, Arvid Lindberg, tel. +47 982 45 410.

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 end products developed by partners towards consumers and professional users. Aqua Bio Technology is listed on the Axess market of the Oslo Stock Exchange.

About Tanner Tanner SA is an independent distributor of cosmetic products in the areas of perfume, skincare and decorative cosmetic, and is an exclusive distributor and supplier of national and international brands in Switzerland and Liechtenstein. After the appointment of its new CEO recently, Mr Kay Deter-Lueken, with a history from companies such as e.g. Procter & Gamble and Estee Lauder, Tanner has decided to increase its business into new markets and product categories including the strategic move to reinforce its skincare category portfolio into several markets, planning for significant growth in the years to come.