Stingray reported revenue of NOK 361.9 million ($34 million) in 2022 with an order backlog exceeding NOK 1 billion ($95 million).
Stingray, manufacturer of lice-zapping lasers, is set to celebrate its 10th anniversary with a company trip to Croatia, involving 190 employees.
The Oslo-based firm, known for its innovative approach to tackling sea lice using laser beams, has seen rapid growth since its first commercial installation at salmon producer Sulefisk in 2014.
Last Friday, CEO John Arne Breivik was among the guests at Sulefisk’s 40th anniversary celebration, held in the remote coastal area of Sogn. The event featured various festivities, including a “shackle-throwing” world championship and a beer mile, attended by key industry partners such as Norwell, Sekkingstad, Slakteriet, Sjømat Norge, Seaborn, and Firda Seafood.
Sulefisk holds a special significance for Stingray, as it was their first commercial customer at a time when few took the concept of underwater laser treatment for sea lice seriously.
Ongoing investment
Despite initial skepticism, Stingray has grown significantly, reporting revenues of NOK 361.9 million ($34 million) in 2022 with an order backlog exceeding NOK 1 billion ($95 million).
Breivik attributes part of the company’s success to ongoing investments in new production equipment and capacity, which are expected to lead to further growth in 2024. To mark the milestone, Stingray’s employees will gather in Croatia in mid-October for a combination of professional and social activities.
“It’s been a hectic summer, but when our CFO, Geir Inge Rødseth, managed to squeeze in a few well-deserved days off a few weeks ago, he wanted to bring some good reading material. The hottest book in the industry this year, Goldfinger, made it into his luggage. He mentioned this briefly on social media, and someone quickly commented that all he was missing now was a Speedo.
Published earlier this year, Goldfinger – The Story of Mowi features firsthand accounts from insiders such as Atle Eide, Ole-Eirik Lerøy, Tor Olav Trøim, Åse Aulie Michelet, Steve Bracken, Alf-Helge Aarskog, Ivan Vindheim, Magne Bjørnerem, and Marit Solberg, who share their experiences working with the salmon industry giant.
Authored by Aslak Berge, editor of iLaks and founder of SalmonBusiness, the book offers an in-depth look at the major events and personalities that have shaped Mowi’s history.
Genuine Speedos
“At Stingray, we’re creative and a bit crazy, so it didn’t take long before we ordered genuine Speedos, complete with the right logo on the back. Last week, the Speedos with the GoldFinger logo arrived in the mail, so now we’re ready for a swim when the weather and occasion allow. The book will probably come along again so we can share it with colleagues—we’ve recommended they read it too,” said Breivik.
The Speedo swimwear is the real deal—custom-made and not cheap.
“The swimsuits weren’t the most affordable, but well worth it in the bigger picture. You’ve got to have a bit of fun in everyday life!
“We make a lot of merch,” he added, highlighting the specially designed chair for laser operators as a particular favorite.”
