ABT improves financial flexibility

ABT improves financial flexibility

Category: Press Releases

Aqua Bio Technology ASA (Oslo Axess: ABT) today announced that the company has improved its financial flexibility through a NOK 4 million loan from Innovation Norway.

“ABT is moving into a phase with increased commercial activity. In 2011 we redefined the distribution strategy for our cosmetic ingredient Aquabeautine XL®. We have succeeded in establishing distributor agreements covering all main markets. The additional financing enables us to take even better advantage of the commercial opportunities now available to us,” said ABT CEO Arvid Lindberg.