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The Norwegian company will design a facility with a production capacity of 15 million smolts per year, each weighing 100 grams.

The Norwegian aquaculture technology company said it is considering options including a sale, after reporting stronger revenues and improved earnings.

The facility will have a production capacity of 6 million smolt per year, each weighing 100 gram.

Revenue from land-based projects almost doubled in the final quarter, supported by a major contract with Norwegian post-smolt producer Tytlandsvik Aqua.

Its new partner, DOKK Husøy, has already produced and delivered more than 40 concrete barges, establishing itself as a solid and experienced supplier.

The aquaculture technology supplier says new aquaculture systems could unlock 15–35% more capacity, as it reports Q3 results showing “strong momentum” across its operations.