TEG.L Regulatory News (TEG)

20 Oct 2005 12:04

TEG Environmental Plc20 October 2005 For immediate release 20 October 2005 TEG ENVIRONMENTAL PLC ("TEG" or "the Company") Senior Management Appointment & Trading Update "Fergus Healy appointed TEG's new Director of Operations" TEG Environmental Plc ("the Company"), the AIM-listed leading edge greentechnology company, which converts organic wastes into natural organicfertilizer, announces that Fergus Healy (age: 37) has been appointed Director ofOperations and is expected to join the Board at the end of the calendar year.Fergus was previously with Inspace Plc, Cleanaway Ltd and WRES Ltd. Fergus will be responsible for the management of TEG's operational businesses atits sites, initially at Sherdley Farm, Preston and in Perthshire, Scotland withnew Build, Own, Operate sites becoming operational next year. He will initiallylead the plant installation projects at the sites. Sherdley Farm, near Preston, has full planning permission and a waste managementlicense and development of the facility is well under way. He will also manage the Company's integration and development of its recentlyacquired large composting operation at a waste management site in Perthshire,Scotland. The operation is one of the largest animal by-product ("ABP")composting operations in the UK and, as the only ABP composting operation inPerthshire, TEG hopes to grow the operation considerably. Mick Fishwick, Chief Executive of TEG Environmental, commented:"I am delighted that Fergus will be joining us as Director of Operations. Withhis technical background, considerable senior management experience and trackrecord in business development, I know that Fergus' contribution to TEG'sfurther development and expansion will be considerable, as the Company continuesits exciting expansion. "It is a timely appointment. Fergus will immediately head up the plantinstallations and existing operations. The development at Perth is ahead ofschedule, the TEG plants will be installed and operational in early 2006 and inthe meantime we have a service to provide to our customers in the existingfacility. The first phase of the Sherdley Farm development will be completebefore the end of the year and we will be providing a commercial service by thestart of 2006." ENDS For further information please contact: TEG Environmental PlcMick Fishwick, Chief Executive 01772 314 100 Binns & Co PR Ltd Peter Binns / Tarquin Edwards 020 7786 9600 Notes to Editors: TEG provides an in-vessel composting technology, which is one of the fewapproved technologies capable of treating animal by-product waste. Planteconomics are driven by the gate fees charged, rather than the value of the endproduct (compost). The TEG process is an economic alternative to landfill. The Silo Cage system, one of the few technologies in Europe capable of treatingthis waste, is a natural process producing compost as an end product, used as anexcellent soil conditioner that fertilizes, retains moisture, provides structureand restricts weed growth. TEG's Silo-Cages will be housed in a self-containedbuilding, are not unsightly and are environmentally friendly. Potential customers include local authorities, waste management companies, foodprocessors, farmers and landowners. The Company's expanding market is driven byincreasingly stringent EU and UK legislation regulating the treatment anddisposal of organic waste. This information is provided by RNS The company news service from the London Stock Exchange