Resqunit

STOCKHOLM, May 30th 2024 – Resqunit AB (Nasdaq First North GM: RESQ), a leading provider of smart electronic systems designed to reduce fishing gear loss, has received an important first order from Intermas, the company’s distributor in France and Spain. Though of minor economic significance, this development marks an important step in Resqunit’s ongoing partnership with Intermas.

Intermas, headquartered in Llinars del Vallès, Barcelona, Spain, is a world-leading producer and distributor of tools to the fishing industry, active in more than 70 countries across Asia, Europe, Africa, and South America.

As per the initial announcement in 2023, this partnership will extend the Resqunit technology's presence globally, putting focus on the massive problem with lost fishing gear in several coastal nations, through Intermas's extensive distribution network.

“Intermas is determined to help lead change by being respectful with the environment and also the community. Across the whole company our policies and strategies ensure this commitment to world well-being. that's why the partnership with RESQUNIT is important for us.”, said Luis Venturo, Area Sales Manager of Intermas.

The RESQUNIT is an electronic device that can be attached to fishing gear and gives the fisher a chance to retrieve equipment if lost in the ocean. It is the only preventive solution on the market to one of the largest environmental problems in the world today.

“We are proud to see our partnership with Intermas progressing as planned,” said Resqunit CEO, Helge Trettø Olsen. “Intermas's initial distribution of RESQUNIT products reinforces the value and importance of our technology in enhancing maritime safety. Their commitment to innovation and sustainable fisheries makes them an ideal partner for us.”