Svenska Rotor Maskiner (SRM), the centre of excellence
for compressor technology within Opcon, the energy and
environmental technology Group, has signed another extensive
agreement in China based on SRM's cutting edge compressor
technology. The agreement has been signed with a large
Chinese refrigeration company, and covers a ten-year licence
with the possibility for prolongation for Chinese production
and global sales of environmentally friendly cooling units
developed by SRM. The deal follows on the heels of the
company's breakthrough this past summer into the Chinese
refrigeration compressor sector.
As an addition to the non-exclusive licence agreement
concerning sales of completed cooling units, the agreement
also covers a ten year supply from SRM of the separately
developed core units that are necessary for production of the
completed main cooling unit.
In addition to an initial smaller payment of a few million
SEK, revenues from the agreement will be conditional on
future sales of core units.
"This has every opportunity of developing into significant
business for Opcon. The customer indicates yearly sales for
Opcon of some 10-40 million SEK already from 2013. This is
yet another important step forward in developing our
strategic activity in China. Our investment here is starting
to bear fruit," says Rolf Hasselström, President and CEO of
Opcon AB.
Svenska Rotor Maskiner AB (SRM) is a part of Opcon's
Renewable Energy business area. In 2008, SRM celebrated 100
years of industrialization and development of technology for
effective and resource-efficient energy usage. SRM was
founded in 1908 as AB Ljungströms Ångturbin, in order to
develop the double rotation steam turbine which was invented
by Birger Ljungström and that was later sold to what today is
the turbine manufacturer, Siemens Industrial Turbomachinery
AB. For over 100 years, SRM has developed a number of
products for the world market and since the 1930s has
developed compressor technologies, with major licensees such
as Atlas Copco, Hitachi, IR, Carrier, York, Trane, Kobelco,
among others. This technological basis today forms an
important part of the Renewable Energy business area's
efforts in Waste Heat Recovery and production of electricity
from waste heat, including Opcon Powerbox.
For further information, please contact
Niklas Johansson, vice president, Investor Relations,
Opcon AB, tel. +46 8-466 45 00,+46-70-592 54
53
Opcon AB, Box 15085, 104 65 Stockholm,
Sweden
Tel. +46 8-466 45 00, fax+46 8-716 76 61
e-mail: info@Opcon.se
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, China, Germany and the UK.
There are around 400 employees. The company's shares are
listed on Nasdaq OMX Stockholm. The Group comprises two
business areas:
Renewable Energy focuses on the following areas: electricity
generation based on waste heat, bioenergy-powered heating and
CHP plants, pellets plants, drying of biomass, handling
systems for biomass, sludge and natural gas, industrial
cooling, flue gas condensation, treatment of flue gases and
air systems for fuel cells.
Engine Efficiency focuses on energy-efficient solenoid
technology and ignition systems for combustion engines
including ethanol, natural gas and biogas engines.
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 08.45
(CET) on Friday 13 January 2012.
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