TEG.L Regulatory News (TEG)

14 Feb 2005 07:00

TEG Environmental Plc14 February 2005 For release 07:00am 14 February 2005 TEG Environmental Plc: Swansea Project Awarded to TEG TEG Environmental Plc ("TEG" or "The Company"), producers of leading edge greentechnology in-vessel composting plants, announces that the City and County ofSwansea ("CCS") has advised them that the Cabinet of the Authority has approvedthe acceptance of TEG's proposals for the provision of the TEG Silo-Cagein-vessel composting system, valued at £925,000. The turnkey project contract, won in competitive tender, will involve the designand construction of a TEG in-vessel composter for the CCS, representing a firstfor the Company in being both the manufacturer of the technology and the ProjectManager. Commenting, Dick Bilborough, TEG Chief Executive said: "We are delighted thatour offer was accepted by a leading local authority in Wales to help it tackleits organic waste problem. CCS are purchasing a system which is a clean,composting solution, capable of dealing with all types of organic waste,including locally arising food wastes. It avoids disposal to unsightly landfillor to incineration. It is an important step for CCS, moving their wastetreatment up the hierarchy ladder of the preferred treatment of organic wasteset out by the UK Government and the EU. It will contribute towards meeting theAuthority's statutory waste treatment and diversion from landfill targets." Said Councillor John Hague, Cabinet Member for the Environment, City and Countyof Swansea: "We are pleased to be implementing leading, green-edge technologywhich can deal with the growing problem of safely treating organic waste streamsto the high standards now required by legislation and helping us meet thestatutory targets for diverting waste from landfill." For further information contact: TEG Environmental Plc Dick Bilborough 01772 422 220 Chief Executive 07774 445 086 Binns & Co PR Ltd Peter Binns 020 7786 9600 Hannah Sloane City and County of Swansea Press Office Polly Adams 01792 636 226 Notes to Editors: TEG designs and produces a specialised composting system that provides a proven,efficient and cost-effective disposal alternative to landfill or incineration asa means of treating organic waste. Potential customers include contractors,local authorities, waste management companies, food processors, farmers andlandowners. The Company's expanding market is driven by increasingly stringentEU and UK legislation regulating the treatment and disposal of organic waste. This information is provided by RNS The company news service from the London Stock Exchange