Bawat Water Technologies AB: BAWAT Announces Q4 Report 2024
Summary
This demonstrates German Port State Authorities willingness and ability to follow-up and enforce the ballast water convention that went into full force in September 2024. None Bawat is extraordinarily proud of being able to deliver the BaaS product to the market and being instrumental in closing the gap between the intentions in the ballast water convention and the reality in ports and yards. None Bawat has in the half year placed an order for more BaaS capacity from its joint venture partner Damen Green Solution, thus being able to service more vessel owners during H1 2025. None Bawat has for some time promoted its technology as a bio-filter for water applications, and during the half year, constructive dialogues are ongoing with industrial clients and partners.In January 2025, post H2 closure, a directed share issue of approximately SEK 16m was successfully carried through, and the proceeds will primarily be used to increase BaaS capacity.Bawat is investing significantly into the business opportunity that Ballast-as-a-Service provides. Ballast-as-a-Service jobs are now regularly occurring and have been executed in Northern Europe with mobile systems based out of Hamburg and Denmark.We are pleased to see that many different customers have engaged with us and used BaaS service for various different defeciencies in their ballast water management set-up.