BIO UV GROUP (EPA:ALTUV) - BIO-UV GROUP ANNOUNCES A STRATEGIC PARTNERSHIP IN CHINA

Transparency directive : regulatory news

09/12/2019 17:45

PRESS RELEASE
                                                      Monday, 9 December 2019

BIO-UV GROUP ANNOUNCES A STRATEGIC PARTNERSHIP IN CHINA with Hai Cheung

Trading, a Chinese specialist in equipment and services for the maritime
industry

  * Reinforcement of the commercial rollout of the BIO-SEA activities in Asia
  * Increase in the competitiveness of the ballast water treatment systems

"We are delighted to have entered into this highly strategic partnership with
Chinese company Hai Cheung Trading. By teaming up with a benchmark supplier in
China's shipbuilding market, we get to benefit from its unique expertise and
vast capacity in the region which will help us to rapidly roll out our business
strategy and durably establish BIO-UV Group on a fast-growing market in China",
says Benoit Gillmann, CEO and founder of BIO-UV Group.

BIO-UV Group (ISIN code: FR0013345493/Ticker: ALTUV), a specialist in water
treatment and disinfection systems, announces it has signed a partnership
contract with Hai Cheung Trading (HCT), a subsidiary of Chinese group Infinitus
Holdings, specialised in the supply of equipment and services for the maritime
industry.

This partnership comes at a time when the market is very favourable for BIO-UV
Group thanks to global regulations requiring that global shipowners equip their
vessels with ballast water treatment systems.

Reinforcement of the commercial rollout of the BIO-SEA activities in Asia

This partnership will help to strengthen BIO-UV Group's commercial presence in
Asia, and China in particular, which accounts for more than two thirds of
construction in the maritime industry and therefore offers significant business
development potential.

To successfully steer its deployment in this strategic region, BIO-UV Group
will be able to draw on HCT's extensive network, which includes all shipyards
in China, with a view to speeding up the marketing of its BIO-SEA ballast water
treatment systems in the region.

The IMO and USCG(1) certification obtained by BIO-UV Group, represents a very
strong barrier to market entry. This, combined with BIO-UV's high-performance
systems and HCT's enhanced knowledge of China's maritime ecosystem, all
contributed to a positive partnership with HCT, the decisive attributes of
which, together, will enable BIO-UV Group to respond perfectly to the needs of
Chinese shipowners and shipyards.

Increase in the competitiveness of the ballast water treatment systems

In addition to added business leverage, BIO-UV Group will also be able to
transfer the assembly and production of non-strategic parts of its systems to
HCT's Nanjing site in order to:

- Access more competitive prices and thus increase the rate of business
   conversion;
- Bolster the growth of its BIO-SEA activity in a strong growth market on
   which production flexibility and responsiveness are key competitive
   advantages.

About Hai Cheung Trading

Based in Hong Kong with offices in China, Vietnam and Singapore, Hai Cheung
Trading has been supplying equipment and services to the world's largest
shipowners and shipyards for more than 30 years. Some of its biggest clients
are:

  - Cosco Shipping, the third-largest shipowner worldwide and the largest in
    China;
  - China State Shipbuilding Corporation and China Shipbuilding Industry
    Company which recently merged to form the world's largest shipyard;
  - Sinochem, one of the world's top ten chemical production companies;
  - The Frontline Group, the world's largest crude oil and oil product
    maritime transport company.

About BIO-UV GROUP
Created in 2000, BIO-UV Group designs, manufactures and markets innovative
ultraviolet water treatment systems. The range of equipment developed by the
Group is aimed at several markets:

  - The recreative market, on which BIO-UV Group is no. 1 in France and in
    Europe for UV water treatment in residential swimming pools, and for the
    commercial and semi commercial community pool dechlorination market;
  - The municipal and industrial markets, on which specific ranges have been
    developed for applications such as: purification, effluent treatment,
    wastewater reuse, process waters, aquaculture, etc.;
  - The ballast water treatment market, which has benefited since 2017 from a
    new international regulation requiring all ships to have equipment to
    treat their ballast water.

Since acquiring the Scottish company Triogen Holdings Limited in September
2019, BIO-UV Group has completed its offering with advanced ozone and advanced
oxidation (AOP) water disinfection technologies for recreational applications,
aquariums and aquaculture.

BIO-UV Group has been granted the "Innovative Company" label by Bpifrance and
is eligible for the French "PEA-PME" investment scheme.

Contacts:

BIO-UV Group
+33 (0)4 99 13 39 11
invest@bio-uv.com

ACTIFIN, financial communications
Alexandre COMMEROT
+33 (0)1 56 88 11 11
biouv@actifin.fr

Press relations Isabelle DRAY
+33 (0)1 56 88 11 29
idray@actifin.fr

(1) IMO: International Maritime Organisation - USCG: United States Coast Guard

BIO UV GROUP's latest news

03/04/2023 19:00

BIO UV GROUP (EPA:ALTUV) - BIO-UV GROUP ANNOUNCES A STRATEGIC PARTNERSHIP IN CHINA

Transparency directive : regulatory news

BIO UV GROUP's latest news

Other stories