RESQUNIT AB Announces Project in Collaboration with NTNU, Funded by the Norwegian Retailers Environmental Fund

Stockholm – June 20, 2024 – RESQUNIT AB (NASDAQ: RESQ): Resqunit in collaboration with the Norwegian University of Science and Technology (NTNU), announces the award of a 2 million NOK project funding from the Norwegian Retailers Environmental Fund. This funding will support a comprehensive two-year comparative study on fishing gear efficiency and the environmental impact of Resqunit technology.

The project aims to scientifically document the environmental effects and impact data of Resqunit technology, focusing on its potential to reduce the loss of fishing gear in the ocean. Additionally, the study will evaluate the catch rates of new fishing trap technology from Proffteiner, assessing its capability to decrease the number of traps in the ocean.

This initiative represents the first project of its kind globally, underscoring Resqunit's commitment to advancing sustainable fishing practices and reducing marine pollution, through innovation.

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Svensk Kapitalmarknadsgranskning AB (SKMG)

For more information, please contact: 

Helge Trettø Olsen, CEO, Resqunit AB 
Email: helge@resqunit.com 
Telefon: +47 901 68 908 

About Resqunit AB 

Resqunit is an ocean technology company that develops innovative equipment to disarm and retrieve lost fishing gear. Through the collection of sensor data and software, the company wants to increase knowledge about the ocean and increase catch predictability. Every year, between 500 000 and 1 000 000 tons of fishing gear disappear at sea, including 25 million fishing pots. A significant part of this consists of plastic, which over time dissolves in microplastic particles and enters the food chain. Lost gear harms fisheries, animal populations and the environment. Resqunit AB (publ) was founded in 2021 as a parent company (listco) with 100% of the shares in the Norwegian subsidiary Resqunit AS, founded in 2017.