Australis Seafoods and AquaGen announce long term cooperation02 December, 2013 – Australis Seafoods and AquaGen announce long term cooperation on salmon genetics and egg production in Chile. Trondheim/Santiago 28th November 2013: The agreement between Australis Seafoods and AquaGen implies that AquaGen enters into a long term delivery agreement of genetically improved salmon eggs with Australis Seafoods. In addition AquaGen will acquire the majority of the assets of the wholly owned subsidiary of Australis Seafoods, Landcatch Chile SA. This is an important milestone for AquaGen in our effort to strengthen our position as the leading provider of genetics to the global salmon industry, says Espen Müller, CEO of AquaGen. We are very happy to be the sole provider of salmon genetics to Australis Seafoods, and we take this as a strong vote of confidence from an important player in the industry, Espen Müller notes, and continues: The investment in production related infrastructure further enhances our ability to serve the Chilean market with high performing salmon genetics the year around in a foreseeable manner, and it demonstrates Aqua Gen´s long term commitment to the Chilean salmon industry. We have identified genetics and access to the best starting material into our production as one of the key areas in order to improve profitability. The agreement with AquaGen is therefore of great importance for our strategic development going forward, says Ricardo Misraij, CEO of Australis Seafoods. AquaGen is a breeding company which develops, produces and delivers genetic material to the global sea farming industry. Through a market oriented research and development AquaGen has achieved a leading position as a provider of fertilized eggs of Atlantic salmon and rainbow trout.AquaGen owns and further develops the worlds most refined genetic material from Atlantic salmon and rainbow trout. By focusing on genetic traits related to health, animal welfare, growth and quality, AquaGen contributes an important component of a sustainable and profitable aquaculture industry. Australis Seafoods is one of leaders in the Salmon business in Chile offering products with world-class standards, developed under a modern, efficient and flexible management system and through an environmentally friendly productive process, with maximum health security and responsible towards its workers.