Arc Aroma Pure AB: 180719 ARCAROMA signs 30 MSEK MOU with AGRAWA Plus Holding

7/19/2018, 8:30 AM (Source: GlobeNewswire)

Press release 2018-07-19

ARCAROMA signs 30 MSEK MOU with AGRAWA Plus Holding

Arc Aroma Pure AB (ARCAROMA) has signed a Memorandum Of Understanding (MOU) with the German company AGRAWA Plus Holding GmbH (AGRAWA). According to the agreement ARCAROMA shall deliver 10 bioCEPT® systems during a two-year period to AGRAWA which is equal to a total order value of approximately 30 MSEK. AGRAWA strongly believes in the CEPT® technology, the internal company goal is to sell a total of 100 bioCEPT® during the first five years.

The delivery of the ten bioCEPT® will start with a first delivery of two bioCEPT® system during November/December 2018. The delivery date has been set with respect to the focus on planned deliveries of oliveCEPT® systems during the period from August until late October.  

ARCAROMA have shown that the bioCEPT® platform has the benefits that the biogas producers globally, as well as in Germany, need to increase the efficiency in the biogas plants. A treatment of the substrates with the bioCEPT® platform will improve the substrates and speed up the degrading process. This effect is especially important for plants handling substrates that are difficult to degrade or need a long processing time. Using bioCEPT® will result in both a higher yield and a faster process or increased capacity. The bioCEPT® also allows introduction of new types of raw material for instance those with a high content of lignin structures that are widely available for the biogas producers but have not been used due to the low yield and long hold time.

- I am very satisfied that we now have signed an extensive agreement with AGRAWA Plus Holding. The German biogas market is the largest biogas market in the world and the potential is huge with its 10,000 biogas plants. I am sure that AGRAWA Plus Holding is the right partner, they have the right connections to the interesting German market and I am very much looking forward to collaborating with AGRAWA, says Johan Möllerström, CEO at ARCAROMA.

For more information, please contact:
Johan Möllerström, CEO
(+46) 768 - 86 81 78

This information is such information that Arc Aroma Pure AB (publ) is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact person set above, at 19 July 2018 at 08:30 CET.

This announcement is distributed by Nasdaq Corporate Solutions on behalf of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Arc Aroma Pure AB via Globenewswire

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