HYR.L Regulatory News (HYR)

21 Feb 2008 10:56

HydroDec Group plc21 February 2008 HYDRODEC GROUP PLC FIRST FEEDSTOCK OIL FOR CANTON PLANT ACCREDITATION BY AMERICAN ELECTRIC POWER Hydrodec is pleased to announce that before the end of February the firstfeedstock oil for the new plant in Canton Ohio will have been received into thetank farm. 20,000 US gallons (75,000 litres) will be received from Power AssetRecovery Corp, a local Canton, Ohio transformer service and trading company.Receipt of this feedstock oil will represent a significant milestone in thedevelopment of the Canton facilities and first commercial activity forHydrodec's US operations , ahead of schedule. Hydrodec is also pleased to advise that in the past week that it has beenaccredited as a vendor within the vendor prequalification system for AmericanElectric Power, one of the largest power utilities in the USA. Chairman John Gunn commented "Our team continues to make good progress with thestart up of Hydrodec's US division. Commencement of commercial activitiesprovides important confirmation to our future US customers that Hydrodec willshortly commence supply of Superfine transformer oil to the US market. I also am delighted that Hydrodec has been accepted into American ElectricPower's vendor prequalification system. Vendor prequalification opens the doorto simplified and faster uptake of Hydrodec oil services and new oil supply byHydrodec, a further high profile verification of Hydrodec's value proposition." For further information please contact: John Gunn, Chairman Hydrodec Group plc Tel: 0207 621 5774 Emma Davis Curve PR Tel: 07764 197 003 Nick Westlake Numis Securities Tel: 0207 260 1000 This information is provided by RNS The company news service from the London Stock Exchange