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AAA - ArcAroma AB News Story

SEK26.8 -0.5  -1.8%

Last Trade - 09/04/21

Micro Cap
Market Cap £28.4m
Enterprise Value £25.9m
Revenue £231k
Position in Universe 1271st / 1831

ArcAroma AB: 210205 ArcAroma enters Chilean olive oil market represented by Human & Business Development

Fri 5th February, 2021 8:30am
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Press release 2021-02-05

ArcAroma AB (“ArcAroma”) has signed an agreement with Human & Business
Development AB (“HBD”) to represent and act as local agent for the Chilean
olive oil production market  - promoting ArcAroma´s oliveCEPT(®) products
and develop the market in Chile.

– HBD is a well-known agent that represents companies in several industries,
for example, they have helped Chilean wine producers increase their sales
significantly. HBD is also involved in heavy investments in Chile from
international companies such as Sandvik, Maersk and Electrolux. We are very
pleased to sign HBD as our sales agent, as we enter the Chilean market”,
says Johan Möllerström, CEO ArcAroma.

The current agreement perfectly fits the strategy of ArcAroma to act globally
and Chile has been selected as entry point for the South American market.
Import duties and tariffs are very competitive compared to other countries in
the region. The agreement will also extend market availability and dynamics.
Seasonality which characterises the agricultural sector will be less
effective, since harvesting starts in autumn in South America where in
southern Europe is initiated in fall. 

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

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
 Arc Aroma's shares are listed on NASDAQ First North Premier Growth Market.
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