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AAA - ArcAroma AB News Story

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Micro Cap
Market Cap £28.7m
Enterprise Value £26.2m
Revenue £230k
Position in Universe 1269th / 1836

Arc Aroma Pure AB: 180621 Breakthrough for oliveCEPT® in Spain

Thu 21st June, 2018 7:30am
Arc Aroma Pure AB: 180621 Breakthrough for oliveCEPT® in Spain

 Press release 2018-06-21

Breakthrough for oliveCEPT® in Spain

Arc Aroma Pure AB ("ArcAroma") has reached a sales agreement to deliver one oliveCEPT® unit to a customer in Spain. The new customer will have the oliveCEPT® unit integrated into the production line which has a capacity of 10 tons per hour.

- This sales agreement is the result of the growing confidence in our solution being able to deliver increased yield as well as improved quality and color. This is an important step for us, since Spain is the largest producer of olive oil in the world, says Johan Möllerström, CEO at ArcAroma.

Also, to be noted, the production line capacity of this new customer is much higher than all the previous ones. Therefore, the parties have agreed that payment will be calculated based on production volume. The calculation will use the initial performance test as baseline for how much extra olive oil that is extracted.

For more information, please contact:
Johan Möllerström, CEO
(+46) 768 - 86 81 78

This information is such information that Arc Aroma Pure AB (publ) is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact person set above, at June 21, 2018 at 08:30 CET.

This announcement is distributed by Nasdaq Corporate Solutions on behalf of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Arc Aroma Pure AB via Globenewswire

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