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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: 201218 ArcAroma extends promising evaluation period with one of Sweden's leading dairy companies

Fri 18th December, 2020 2:30pm
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Press release 2020-12-18

During the summer, ArcAroma communicated the news of an evaluation agreement
signed with one of Sweden's largest dairy companies, regarding quality
improvement of whey protein using a modified juiceCEPT®+. The evaluation
period is now coming to an end and the results are promising. The dairy
company has now decided to go from a temporary installation to fully
integrating CEPT® into the production process to achieve even higher results.
The agreement is therefore extended until the end of Q1 2021.

“We are pleased that we have achieved positive results with the customer and
how we in this process have been able to further develop our treatment chamber
technology - lessons that will benefit our other applications. We started with
our product juiceCEPT®+ and have gradually adapted it to develop this new
application. We look forward to taking this further to a fully integrated
solution", says Johan Möllerström, CEO ArcAroma.

The evaluation period at the dairy company has succeeded in achieving a good
reduction of bacteria through the treatment with CEPT®, and in order to
further streamline and improve the process, ArcAroma's unit is now further
integrated into the customer's production process. The customer invests in the
process control and ArcAroma contributes with a reduction in rent for the next
three months and adaptation of CEPT®. The changes in the process will be flow
optimization, start and stop sequences, cooling and a customised
clean-in-place program (CIP).

After the end of the evaluation period, the dairy company has an option to be
able to buy out juiceCEPT®+ at a price of EUR 420,000, minus a paid rent of
750,000 SEK. 
  
For more information, please contact:
Johan Möllerström, CEO
(+46) 768 – 86 81 78 
johan.mollerstrom@arcaroma.com

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
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