AQUA BIO TECHNOLOGY ASA (ABTEC) – LOI Signed Between Jetcarrier AS and Hofseth International AS21.5.2025 11:51:49 CEST | Aqua Bio Technology ASA | Additional regulated information required to be disclosed under the laws of a member state
Aqua Bio Technology (ABTEC)’s wholly owned subsidiary Jetcarrier AS (Jet) has signed a Letter of Intent (LOI) with Hofseth International AS (HI) for transportation services worth potentially NOK 40–50 million annually. The intention is for Jet to facilitate the shipment of approximately 1,000 containers per year, or 16–22 per week, of frozen fish, primarily to North America. Upon entering into a final agreement, Jet will require 12 months of exclusivity. HI is one of Norway's largest producers and a major international supplier of salmon and processed salmon products.