Ocean Harvest Technology Group PLC Trial Updates (0768D)
19 Junio 2023 - 1:00AM
UK Regulatory
TIDMOHT
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(TM) 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: +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
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 .
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