ArcAroma AB logo

AAA - ArcAroma AB News Story

SEK24 -0.2  -0.8%

Last Trade - 16/04/21

Sector
Industrials
Size
Micro Cap
Market Cap £25.6m
Enterprise Value £23.0m
Revenue £232k
Position in Universe 1306th / 1831

ArcAroma AB: 201023 Extended evaluation agreement on oliveCEPT® in China

Fri 23rd October, 2020 9:00am
For best results when printing this announcement, please click on link below:
http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20201023:nGNE9fwX83


Press release 2019-10-23

ArcAroma has extended its existing oliveCEPT® evaluation agreement with one
of the leading olive oil producers in China. Due to the customer's recent
adjustments in the production line, a new evaluation is now being started. By
placing oliveCEPT(®) before malaxation, instead of afterwards, the extraction
of Extra Virgin Olive Oil (EVOO) is estimated to be able to increase by the
corresponding five to ten percent, which also contributes to a more efficient
production process and an improved quality of the end product.

The customer will optimize process time for shorter malaxation time during the
season and the goal is to reach 10 to 15 minutes, i.e. a process efficiency of
30 minutes. If the agreed targets of the production period are achieved, the
sales contract will amount to an order value of 150 000 EUR in the first or
second quarter of 2021. In the previous evaluation period, a production
increase was noted when oliveCEPT(®) was placed before the malaxer, but the
customer initially notes that the production increase becomes more significant
with a placement before the malaxer. If the targets are met during the
production period, the evaluation will result in a sales agreement amounting
to EUR 150,000 during the first or second quarter of 2021. Details of targets
will not be disclosed at this time.

The customer is located in the largest production area for olive oil, which
accounts for 80 percent of the total olive oil production in China. The
original evaluation agreement was signed in September 2019. ArcAroma Shanghai
Ltd is responsible for the overall project management, which includes
installation, operation, personnel training and testing of the machine. China
is a growing EVOO market with a larger number of olive trees than there are in
Andalusia in Spain. ArcAroma's goal is for oliveCEPT(®) to become the
technology standard in a growing olive oil market.

For more information, please contact:
Johan Möllerström, CEO
(+46) 768 – 86 81 78 
johan.mollerstrom@arcaroma.com

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 October 23, 2020 at 10.00 CEST.

About ArcAroma AB (publ)
ArcAroma has developed a patented technology that controls and applies
electrical pulses to optimize various biological processes. The CEPT®
platform, which is a high-voltage generator combined with a treatment chamber,
uses the technology within FoodTech for increased extraction from the raw
material and extended shelf-life and increased quality of the final product.
Within CleanTech, the CEPT® platform is used for sewage sludge treatment and
biogas production. The platform uses short-term high-voltage pulses (PEF) that
crush the cell membrane and eliminate unwanted microorganisms.
Our 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
CleanTech.

ArcAroma's shares are listed on NASDAQ First North Premier Growth Market. Erik
Penser Bank is Certified Adviser and is available at 08-463 80 00 or
certifiedadviser@penser.se.  www.arcaroma.com
© Stockopedia 2021, Refinitiv, Share Data Services.
This site cannot substitute for professional investment advice or independent factual verification. To use it, you must accept our Terms of Use, Privacy and Disclaimer policies.