ARCHEA Biogas N.V.
ARCHEA Biogas N.V.: Successful Market Entry into Italy Proceeds, and Leads to Further Foreign Expansion
ARCHEA Biogas N.V. / Miscellaneous Release of a Corporate News, transmitted by DGAP - a company of EquityStory AG. The issuer / publisher is solely responsible for the content of this announcement. ---------------------------------------------------------------------- Eindhoven, October 8, 2008 –ARCHEA Biogas N.V., a full service provider of biogas plants, makes hereby known that its subsidiary company ARCHEA Italia S.r.l. has closed another contract for the consignment and construction of a 300 kW biogas plant in Italy. The contractual sum for the construction and entry into service of the ARCHEA biogas plant amounts to 1.3 million Euros. The sales manager for Italy, Dirk Lewandowsky, says: 'With two biogas plants this year in the new market of Italy, our expectations have been fully met. We are planning on another 10 plants in Italy over the next three years.' The planning and construction of the first Italian ARCHEA biogas plant were started in the province of Ferrara in Northern Italy already in the first quarter of 2008. Now, a second plant is to follow near Perugia, in Central Italy. The plant, which will be constructed on a farm, will generate about 2,500,000 kWh of electrical energy, which will provide about 600 households with electricity year round. The resulting heat energy will in large part be used on the farmyard. The remaining portion of the heat will be used for the preparation of the digested residue. This will be utilised subsequently as fertiliser on the farm. The significant services provided, including the maintenance and upkeep of the biological processes, will be covered by ARCHEA Service GmbH. In this area, too, the operators are relying on the ARCHEA Group’s multi-year experience and capacities. ARCHEA Biogas N.V.’s Managing Director, Oliver Nacke, talks of the progress of continued, rapid foreign expansion. 'After the successful entry into the Italian market, we will pursue more countries. Nevertheless, the main point will always be the strategic partnership and not just the sale of the Plant by itself. We do not want to become plant builders in terms of planning, construction, and assembly, but to remain as know-how providers, and to concentrate on that. Potential partners in 15 different countries have approached us, and will in time be reviewed.' Further information about ARCHEA can be found online at www.archea.de. For more information, please contact our Investor Relations Team directly: ARCHEA Biogas N.V. Investor Relations T +49 (0) 5152 / 525710 F +49 (0) 5152 / 5257199 info@archea.de About ARCHEA Biogas N.V. ARCHEA Biogas N.V. works in the renewable energy sector, and, as a full-service provider of biogas plants together with cooperative partners, it covers the entire value chain in this field. The range of products and services reaches from planning and financing to the ensuing completion, and on to the marketing, service and upkeep of the plants. A technology developed and patented by ARCHEA is used in the plant’s construction. 08.10.2008 Financial News transmitted by DGAP ----------------------------------------------------------------------
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