Stock Market – Industrial replace ABT Oslo Stock Trade:ABT

1.      Growth and positioning of Moana Skincare and new product collection collection from DCP

In reference to ABT’s acquisition of all rights to Moana Skincare, the corporate has engaged the promoting and media company Atyp for the additional improvement and positioning of Moana Skincare. Moreover, ABT has engaged Glitch Studios  to develop the primary two beauty collection from the DCP collaboration. As a part of these two ongoing improvement processes, ABT can even replace its personal web sites and e-commerce resolution. The acquisition of the rights of Moana Skincare and the strategic settlement with DCP additionally implies that ABT will supply skincare merchandise corresponding to personal labels to pharmacy chains, spa and skincare chains, perfumeries and different skilled level of gross sales, in addition to model house owners nationally and internationally.

 2.      Replace product collection from DCP

ABT’s work with beauty security research for the product collection Nordic Magnificence and Steadiness & Vitality is within the closing section and has up to now proceeded with out adverse suggestions. ABT expects a optimistic conclusion of the beauty security research which implies that the product collection will probably be prepared for distribution and sale within the first half of 2021.

 3. Restorsea’s commercialization of ABT’s hatching fluid ingredient

ABT’s US companion Restorsea has since 2012 invested massive sums to have the unique proper to make use of ABT’s hatching fluid ingredient as the primary ingredient in its personal and licensed merchandise. As talked about in ABTs stock exchange announcement of 27^th October 2020 and Conversion Labs stock exchange announcement of 26^th October 2020, ABT’s US companion Restorsea has entered into an settlement to license Aquabeautine XL to Conversion Labs. Conversion Labs intends to launch its new product collection Nava MD, which is predicated on Aquabeautine XL, within the first quarter of 2021.

Conversion Labs has in stock exchange bulletins of November 4^th, November 10^th, November 16^th,  and November 20^th,  revealed info that they’ve strengthened the board and administration and carried out a non-public placement of MUSD 15 to institutional buyers in reference to the itemizing course of on NASDAQ Capital Market (NASDAQ). Restorsea has knowledgeable the corporate that in 2020 the corporate has entered into two different license agreements with US companions.

3.      Covid-19

Covid-19 impacts many corporations, together with ABT, however the firm works to make good use of time on this troublesome scenario in order that ABT is properly ready and positioned when the pandemic permits this.

For additional info, please contact Espen Kvale, CEO, phone +47 916 28 092 – espen.kvale@aquabiotech.no. Aqua Bio Know-how (ABT) is creating and commercializing sustainable biotechnology to be used in skincare merchandise. ABT’s cosmetics elements are efficient they usually present the cosmetics trade with pure options to conventional elements. ABT can also be advertising and marketing and distributing pure skincare merchandise developed by companions in direction of shoppers {and professional} customers.  ABT’s deal with commercialization and improvement of pure elements and pure skincare merchandise has been, and can proceed to be, an necessary a part of the corporate’s technique going ahead. Aqua Bio Know-how is listed on the Axess market of the Oslo Stock Trade.