Enviro signs MoU with Danish company WindSpace A/S

N.B. The English text is an in-house translation of the original Swedish text. Should there be any disparities between the Swedish and the English text, the Swedish text shall prevail.

Scandinavian Enviro Systems AB (publ) (”Enviro”) has signed an MoU with WindSpace A/S, a Danish company that develops environmental and renewable energy projects.

Thomas Sörensson, CEO Enviro, and Jens Elton Andersen, CEO Windspace A/S.

Enviro has signed an MoU (Memorandum of Understanding) with WindSpace A/S to establish a new recycling plant in Denmark. The agreement is valid for a period of 18 months and applies to a recycling plant of 30,000 tonnes of end of life tyres per year.

The ambition is to start the project with WindSpace and their co-investors in 2019, says Thomas Sörensson, CEO Enviro.

We at WindSpace look forward to building this pyrolysis plant together with Enviro, as an attractive business development in the circular economy field. The technology is of great benefit to both material recycling and the environment, says Jens Elton Andersen, CEO WindSpace A/S.

For more information, please contact:
Thomas Sörensson, CEO of Enviro, tel: +46 (0)735-10 53 43, thomas.sorensson@envirosystems.se  
Alf Blomqvist, Chairman of the Board, Enviro, tel: +46 (0)733 149 700, alf@blomqvistunlimited.com

Scandinavian Enviro Systems AB
Regnbågsgatan 8C
417 55 Gothenburg
info@envirosystems.se
www.envirosystems.se

This information is information that Scandinavian Enviro Systems AB (publ) is required to publish under the EU regulation on market abuse. The information is provided under the auspices of the contact person listed above for publication on May 7th 2018 at 17.40 CET.

Enviro is an environmental technology company that offers profitable recovery of tyres and processed materials primarily to the rubber industry. The company sells turn-key environmental facilities to industrial investors and also operate their own plant for end-of-service tyres in Åsensbruk, Sweden. Enviro, headquartered in Gothenburg, was founded in 2001, has 20 employees, and is listed on the Nasdaq First North securities exchange with Mangold Fondkommission AB, tel. +46 (0)8 5030 1550, as its Certified Advisor. https://www.envirosystems.se/en/

About Us

Enviro is a company developing, building and operating industrial plants for material recovery from End of Life Tyres (ELT). The company has developed a process, based on a patented technology, where gas generated in the process is heating the tyres in absence of oxygen. This enables the materials in the tyres to decompose and be recovered instead of incinerated. Thus, a sustainable recovery of the resources Carbon black, Oil, Steel and Gas is obtained. The products are used in new products, replacing fossil resources to help the customers reach their sustainability targets. Enviro was founded in 2001, has its head office in Gothenburg and runs its own plant for ELT tyres in Åsensbruk, Sweden. The company is listed on the Nasdaq First North Growth Market with Mangold Fondkommission AB, tel. +46 (0)8 5030 1550, ca@mangold.se, as its Certified Advisor. www.envirosystems.se

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