Olympic Seafood, Aker BioMarine Enter Licensing Agreement

Fosnavåg, NorwayOlympic Seafood and Aker BioMarine negotiated a long-term, non-exclusive licensing agreement for Aker's krill oil patents in Australia. The agreement grants Olympic Seafood, owner of Rimfrost Krill Collection, immediate access to Aker's Australian patent portfolio, including four innovation patents announced earlier this month.

As we reviewed Aker BioMarines Australian patent portfolio we found that licensing it was necessary to secure Olympic Seafoods continued right to offer krill oil in Australia," said Bjørnar Kleiven, CEO of Olympic Seafood. With this license in place, we can now offer Rimforst Sublime Antarctic krill oil, with full freedom to operate in the strong and growing Australian market."

For more information about the growing krill market, visit INSIDER's feature "The Krill Choice."