Opcon: Saxlund wins major UK contract worth around 35 m SEK

Regulatory News:

Energy and environmental technology group Opcon (STO:OPCO) has won a major bioenergy contract for Saxlund’s fuel handling and biomass combustion technology in the UK. Order value amounts to close to 35 m SEK with commissioning in 2015.

The project which is a joint development between Saxlund in Sweden and the UK means that Saxlund will provide the fuel handling system, with push floor and conveyers, in addition to a biomass combustion boiler with an integrated high pressure steam boiler, all for a system utilising waste wood as a fuel.

"This is an important order for us at Saxlund and proof that our international strategy and the integration we are working for in the Bioenergy sector is starting to bear fruit. We see growth in this sector in the UK and in terms of renewable energy and sustainability, waste wood is an obvious route to take and is an area in which the biofuel sector needs to further develop”, says Stefan Wallerman, managing director of Saxlund Bioenergy AB and responsible for bioenergy within Opcon.

Saxlund is a market leader in the bulk solid handling and storage sector, with more than 60 years’ experience across numerous industry sectors, including recycling, biomass combustion and cement. Saxlund is part of Opcon’s Renewable Energy business and Waste to Value initiative. Within the bioenergy sector, Opcon offers a full range of services from the design of complete combined heat and power (CHP) plants to handling systems and biomass energy plants under the Saxlund brand.

The Opcon Group

Opcon is an energy and environmental technology Group that develops, produces and markets systems and products for eco-friendly, efficient and resource-effective use of energy.

Opcon has activities in Sweden, Germany and the UK. There are around 150 employees. The company’s shares are listed on Nasdaq OMX Stockholm. The Group comprises one business area:

Renewable Energy focuses on the following areas: compressor technology, electricity generation based on waste heat, bioenergy-powered heating and CHP plants, pellets plants, handling systems for biomass, sludge, recycling industry and natural gas, industrial cooling, flue gas condensation, treatment of flue gases and air systems for fuel cells.

Opcon AB (publ) is obliged to disclose the information in this press release in accordance with the Swedish law governing the securities markets and/or trading in financial instruments. The information was submitted for publication at 15.00 (CET) on Tuesday May 6 2014.

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