Under the contract, FiiZK will supply two of its “Protectus” closed fish cages. FiiZK has not disclosed the value of the contract.
“We have spent the past 12 months further developing and enhancing our products, streamlined our business to focus solely on closed and semi-closed fish cages, and prepared our team to provide the best possible support to fish farmers that have closed cages as part of their production strategy. We consider this contract as a confirmation that this is the right strategy for FiiZK,” says Jan Erik Kvingedal, CEO of FiiZK.
Protectus
The Protectus comes with a new specially designed floating steel collar with long lifespan and high strength. A PVC tarpaulin bag is the main barrier, while a net provides extra escape protection.
Six seawater intakes at 30 meters water depth provide lice-free water to the closed fish cage. Water exits through an outlet at the bottom of the cage, while feces and waste feed are collected in a sludge trap in the outlet. A comprehensive sensor network continuously monitors water quality inside the cage and in the water column outside.
“We are experiencing strong and increasing interest in our closed cage systems. Our concept contributes towards more sustainable aquaculture production, which resonates with the demands and expectations of our customers, authorities, and the end consumer. We are proud to be part of this development,” adds Jan Erik Kvingedal.
Successful Turnaround
The first contract for FiiZK’s Protectus closed fish cage marks a successful 12-month turnaround period for the FiiZK Group after Nekkar (39%) and BEWI Invest (41%) in September 2023 invested to become the largest shareholders of the company.
The turnaround included the sale of FiiZK Digital AS to seafood investor Bluefront and the divestment of FiiZK Protection AS’ lice skirt business to Icelandic company Hampidjan Group. Going forward, FiiZK will focus solely on the sale of closed and semi-closed fish cages, as well as associated software, maintenance, and services.
“We are very pleased with the FiiZK team and how it has positioned itself for what we believe will be a new wave of market interest in closed and semi-closed fish cage technologies. FiiZK is the most experienced player in this market, with around 20 deliveries over the last years, and the new solutions from the company are, in our view, better than ever, building on both the Certus and Ecomerden technology. As mentioned before, FiiZK has already made significant financial improvements, and we look forward to seeing how the company develops over the coming months and years,” says Ole Falk Hansen, Chairman of FiiZK and CEO of Nekkar ASA.
