Resqunit

STOCKHOLM, April 21, 2023, 14:30 CET - Resqunit AB (Nasdaq First North GM: RESQ)

- We are very proud and satisfied to have carried out this exclusive product demo of our new product which is now being launched in several countries. The fight against ghost fishing has been going on for a long time, but with this product we can now begin to see the end. Our solution helps reduce a huge global environmental problem that costs society and the fishing industry billions every year. Now we will go full throttle globally, says CEO of Resqunit, Helge Trettø Olsen.

Resqunit is a Sandnes-based company dedicated to a cleaner sea and to fighting one of the biggest problems at sea; ghost fishing. By developing the world's first preventive solution to avoid the loss of fishing equipment in the sea, Resqunit is leading the way to combat ghost fishing and to highlight the importance of sustainable fishing practices. This is done through a buoy connected to the trap. The buoy floats to the surface after a given time in the water, with the help of an automatic release mechanism.

Major shareholder and TV star Sig Hansen, known from "Deadliest Catch", conducted the actual demo.

- I don't have figures on how many traps I have lost at sea. Resqunit's solution is something the fishing industry is clamoring for, and is a big step in the right direction. We have to reduce the number of fishing equipment lost, and work for more sustainable solutions.

Head of Norway's Environment Protection Association, Ruben Oddekalv, expresses great enthusiasm and says the following about Resqunit and their product:

- This is in many ways the best thing I have experienced during One Ocean Week in Bergen. This was the highlight, and something I can stand behind.

After the successful product demo, Resqunit is ready to launch its product in various markets, including the Nordics, Canada, USA, Portugal and Spain, and is eager to collaborate with fishermen, authorities and other stakeholders.