EQTEC PLC - Business Strategy Update
("EQTEC" or the "Company")
Business Strategy Update
EQTEC remains focused on becoming a progressive technology partner creating a unique ecosystem, where waste operators, developers, technologists, engineering, procurement and construction ("EPC") contractors and capital providers collaborate to build sustainable waste elimination and clean energy infrastructure projects.
Through viewing the market as a collaborative ecosystem and leveraging its in-house gasification technology capabilities, sector know-how and strategic relationships, EQTEC is seeking to mitigate technology and project execution risk to become the one-stop-shop for gasification technology, engineering design, EPC, O&M and project funding to developers and owners of waste to energy ventures.
EQTEC has already entered into a number of key strategic partnerships with leading partners as it seeks to address its target markets, with further strategic collaborations being considered.
EQTEC's engagement with strategic partners and customers, both existing and new, has driven the Company to concentrate on successful applications in specific target markets where the Board believes that as a result of EQTEC's experience and successful commercial implementation, it has a competitive advantage. While the focus is on opportunities within the
Our team have worked extremely hard to get us where we are and I am excited to share with our shareholders the transformational period ahead. I look forward to keeping shareholders updated in this regard."
The Company is now focused on the following three verticals in order to capitalise on its competitive advantage:
Elimination of Waste Streams - RDF
Municipal Solid Waste (MSW) and Refuse Derived Fuel (RDF)
EQTEC's target project size: 10-30 MW
It is estimated that approximately 3.5 million tonnes of RDF are exported annually by the
The Board believes that the Company's collaborative strategy to address this sector was validated by
EQTEC is working with COBRA to deliver further EPC offers on other similar projects within the
Elimination of Waste Streams - Industry Specific
Industry Specific Energy Recovery
EQTEC's target project size: 2-10 MW
Approximately 4 million tonnes of olive pomace waste are produced annually in
EQTEC's initial focus in this vertical is on the elimination of olive pomace waste in the Mediterranean area, having successfully deployed its technology in eliminating such waste on a commercial scale since 2011, with 90,000+ hours of operational data at the Movialsa plant in
EQTEC are in discussions with a major Spanish business group, active in the sector, to partner and collaborate on developing projects for this application. The Board believes that through this partnership approach, EQTEC will be able to rapidly expand its presence in the market, providing technology sales revenues and recurring annual revenues from O&M contracts and potential technology licensing fees.
Another industry that the Company will be focusing on is waste produced during the pulping process in the Paper Mill Industry throughout
Recovery of Clean Energy from Biomass
EQTEC's target project size: 2.5-5 MW
As announced on
This announcement contains inside information for the purposes of Article 7 of Regulation (EU) 596/2014.
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+353 (0)21 2409 056
Strand Hanson - Nomad, Financial Adviser & Broker
+44 (0) 207 409 3494
IFC Advisory - Financial PR & IR
+44 (0) 203 934 6630
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Notes to Editors
EQTEC's business model involves sourcing and providing assistance in developing waste elimination projects to which it will ultimately sell its EQTEC Gasifier Technology ("EGT") and O&M services. EGT enables project developers to construct waste elimination plants and recover electrical and thermal energy from the waste streams.
EQTEC sources projects that have a local supply of waste in need of elimination and conversion. It builds relationships and brings together the developers, the waste owners, the building contractors and funders. It then supplies the energy recovery technology and provides engineering services to the projects. Furthermore, EQTEC will provide O&M services to the operating projects generating recurring revenues over the life of the projects.
The Company is quoted on AIM and trades as EQT. Further information on the Company can be found at www.eqtecplc.com.
This information is provided by RNS, the news service of the
Quick facts: EQTEC PLC
Market Cap: £18.78 m
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