21 Sep 2012 12:32
For release | Date: 21 September 2012
|
The TEG GROUP PLC (AIM: TEG)
("TEG" or "the Company")
Notice of Interim Results
The TEG Group Plc, the AIM listed cutting edge green technology company, which develops and operates organic composting and energy plants, will be announcing its interim results for the 6 months to 30 June 2012 on Thursday, 27 September 2012.
ENDS
Contact:
|
|
The TEG Group Plc | Tel: 01772 644980 |
Michael Fishwick, Chief Executive | www.theteggroup.plc.uk |
N+1 Brewin (Nomad & Broker) |
Tel : 0845 213 1000 |
Andrew Craig/Ben Wright |
|
Peckwater PR |
Tel: 07879 458 364 |
Tarquin Edwards | tarquin.edwards@peckwaterpr.co.uk |
|
|
Editor's Notes:
TEG
TEG provides state of the art technology for handling organic wastes. Its in-vessel composting (IVC) system is one of the few approved technologies capable of treating animal by-product (ABP) waste and it is now providing an anaerobic digestion (AD) technology to produce power from food waste. Plant economics are predominantly driven by the gate fees charged, rather than the value of the end product (compost). The AD plants also benefit from power sales and Renewable Obligations Certificates ("ROCS") or Feed-in Tariffs ("FITs"). TEG owns its composting technology, the TEG Silo Cage System, and has an agreement with UTS Biogastechnik GmbH ("UTS") for the provision of AD technology into the UK waste markets. The TEG processes are an economic and sustainable alternative to landfill.
The TEG Silo Cage System
The Silo Cage system, one of the few technologies capable of treating this waste, is a natural process producing compost as an end product. The compost is an excellent soil conditioner that fertilises, retains moisture, provides structure and reduces the incidence of plant disease. TEG's Silo-Cages are housed in self-contained buildings, suitable for urban environments, are not unsightly and are environmentally friendly.
General
Customers include local authorities, waste management companies, food processors, farmers and landowners. The Company's expanding market is driven by increasingly stringent EU and UK legislation regulating the treatment and disposal of organic waste. Statutory targets for the diversion of waste from landfill increase annually through to 2020, increasing TEG's market opportunity year on year.