6 Aug 2012 10:35
6 August 2012
Hydrodec Group plc
Joint marketing agreement
Hydrodec Group plc, the cleantech industrial oil re-refining group (AIM: HYR), is pleased to announce that it has entered into a joint marketing agreement with D.E.L.CO in respect of the two companies' respective technologies for the treatment of polychlorinated biphenyl ("PCB") contaminated hardware and oil.
D.E.L.CO has developed and owns technologies for the PCB decontamination of hardware which it has provided to numerous waste companies across the world.
Hydrodec's technology is a proven highly efficient oil re-refining process which takes spent oil, including PCB contaminated transformer oil, as the primary feedstock and processes this for reuse while eliminating PCBs, a toxic additive now banned under international regulations, without environmentally harmful emissions.
Hydrodec and D.E.L.CO are currently exploring a number of initial opportunities to co-market their technologies, products and services in developing countries where there may be options to licence or sell the technologies.
Ian Smale, Chief Executive of Hydrodec, said "Meeting UN targets for the elimination of PCBs requires solutions for the electrical hardware and the associated oil. This combination of technologies creates an efficient and environmentally friendly one-stop offer in developing countries."
For further information please contact:
Hydrodec Group plc | 020 7907 9220 |
Ian Smale, CEO | |
Mike Preen, Head of Corporate and Legal Affairs | |
Numis Securities Limited (Nominated adviser/ joint broker) | 020 7260 1000 |
Nominated Adviser: Hugh Jonathan Corporate Broker: David Poutney, Alex Ham | |
Cenkos Securities plc (Joint broker) | 020 7397 8900 |
Corporate Finance: Adrian Hargrave Sales: Christian Hobart | |
Luther Pendragon (PR adviser to Hydrodec) | 020 7618 9100 |
Neil Thapar, Alexis Gore |
Notes to Editors:
About Hydrodec
Hydrodec operates re-refining plants in Canton, Ohio, US and Young, New South Wales, Australia. The Company's shares are listed on the AIM Market of the London Stock Exchange. For further information, please visit www.hydrodec.com
About D.E.L.CO.
D.E.L.CO. S.r.l. is an Italian company operating globally and specialising, among other things, in the decontamination of any type of waste polluted by PCB. Its decontamination technologies have been adapted to more specific needs and requests imposed by international environmental regulations. This has allowed it to provide projects and to realise plants in Italy, France, Spain, Argentina, Mexico, Taiwan and Canada, to recover hundreds of thousands of tons of metals as copper, iron, aluminium and a great number of electricity transformers for possible re-use. For further information, please visit www.delcosrl.com