ARCHEA Biogas N.V.
ARCHEA Biogas N.V.: ARCHEA Group increases participation in plant construction subsidiary to 100%
ARCHEA Biogas N.V. / Miscellaneous 30.07.2010 12:10 Dissemination of a Corporate News, transmitted by DGAP - a company of EquityStory AG. The issuer / publisher is solely responsible for the content of this announcement. --------------------------------------------------------------------------- Waalre, July 30, 2010 - ARCHEA Biogas N.V., a full-service provider of biogas plants, hereby announces that ARCHEA Group increases its participation in ARCHEA ME-LE Anlagenbau GmbH, Torgelow, to 100% and relocates the company's domicile to Hessisch Oldendorf in Lower Saxony. In the future, the company will operate under the name of ARCHEA Anlagenbau GmbH. Following the successful technology transfer between ARCHEA Group and ME-LE Group in the course of the construction of two biogas plants by ARCHEA ME-LE Anlagenbau GmbH in the years 2009 and 2010, and based on its proven and experienced team the company will continue to build further biogas plants for regular customers, strategic partners and the fast developing area of ARCHEA-operated plants in the future. Oliver Nacke, Member of the Management Board of ARCHEA Biogas N.V., commented: 'From our co-operation with ME-LE we have gained valuable experience in plant construction. Thus, we are no longer limited to licensing only but can now fully engage in the plant construction business. We have a small but highly competent team that is capable of building several turnkey biogas plants per year. From our experiences in plant construction we are generation continuously new technical expertise that we can pass on to our international licensees. Generally, we are aiming for a moderate growth in our plant construction business. Therefore, ME-LE Group will still be building ARCHEA biogas plants for projects in Poland and Germany as a licensee. However, our strategic focus always remains on the further development of the technology and its international licensing.' Dietrich Lehmann, Managing Director of ME-LE Group, added: 'With ME-LE Biogas GmbH, Torgelow, ME-LE Group has founded a new company for its activities in the biogas plant construction space. Based on our co-operation in the past two years we are absolutely positive about the ARCHEA technology. The use of the ARCHEA technology with the lying fermenter and the ThermDes component is especially essential for our planned projects in Poland. Thus, we are looking forward to future years of continued co-operation in partnership.' For further information please refer to our website www.archea-biogas.de. For further questions please contact: ARCHEA Biogas N.V. Investor Relations T: +49 (0)89 / 244118-411 F: +49 (0) 89/ 244118-499 info@archea-biogas.de 30.07.2010 Ad hoc announcement, Financial News and Press Release distributed by DGAP. Media archive at www.dgap-medientreff.de and www.dgap.de ---------------------------------------------------------------------------
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