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OptiCept enters into an agreement with a global forest company for the treatment of cuttings in Brazil

MAR

OptiCept Technologies has today entered into an agreement with Aperam BioEnergia LTDA ("Aperam") in Brazil regarding OptiBoost for the treatment of Eucalyptus cuttings. This is another agreement for OptiCept in the South American market regarding cuttings. The technology will be tested over a 5-month period, for which Aperam pays 50,000 euros. In order to carry out the testing, it is required that an OptiCept Saga machine is made available to Aperam, OptiCept's revenue for the machine is not included in the above contract sum.

The cost and delivery of OptiCept's Saga machine is intended to be handled separately in an agreement with Aperam's machine importer. Installation in Brazil will begin in November 2022. The collaboration with Aperam aims to achieve improved rooting and survival when producing commercial seedlings for planting. In case of verified results, the intention of the parties is to discuss a long-term commercial agreement.

Aperam is a subsidiary of Aperam South America, which is a multinational listed company with operations in over 40 countries that, among other things, manufactures stainless steel and special steel. The company is a world leader in the cultivation of various varieties of tropical tree cuttings and produces approximately 30–50 million Eucalyptus cuttings annually. Among other things, the trees are grown to produce coal, which is used for steel production.

"South America is a strategically important market for OptiBoost for cuttings and the fact that we are joining another world-leading player in Aperam is another step towards establishing the technology commercially. OptiCept is currently discussing with several forestry companies in both South America and Asia. We can thus state that we have established another product with OptiBoost technology", says Thomas Lundqvist, CEO OptiCept Technologies.

Contacts

For further information, please contact:

Thomas Lundqvist, CEO
+46 73 268 05 70
Thomas.Lundqvist@opticept.se

Ulf Hagman, Chairman of the Board
+46 733 63 63 80
ulf.hagman@opticept.se

About Us

OptiCept Technologies AB (publ) provides the food and plant industry with technological solutions that contribute to a more sustainable world and enable climate-smart economic growth. OptiCept optimizes biological processes - Increased extraction from raw material, extended shelf life, reduced waste, and improved quality (taste, aroma, color, nutritional content) of the final product. 
 
The positive effects of technology increase efficiency for our customers, better products for the consumers, and minimal impact on our environment. Through patented technology in PEF (pulsed electric field) and VI (Vacuum Infusion), the technology opens up new business opportunities for the food and plant industry worldwide. OptiCept's vision is to contribute to a sustainable world by offering efficient green cutting-edge technology that is easy to use in the areas of FoodTech and PlantTech. 
 
The company is located in Lund and the share is traded on the Nasdaq First North Growth Market. Erik Penser Bank is a Certified Adviser and is available at 08-463 80 00 or certifiedadviser@penser.se. 

For further information visit:
OptiCept Technologies Official Website
 

This information is information that OptiCept Technologies is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact persons set out above, at 2022-10-31 22:55 CET.

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OptiCept enters into an agreement with a global forest company for the treatment of cuttings in Brazil

Datum 2022-10-31, kl 22:55
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OptiCept enters into an agreement with a global forest company for the treatment of cuttings in Brazil
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