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MLORE Olimpo Real Estate Portugal SIGI SA

3.20
0.00 (0.00%)
14 Jun 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
Olimpo Real Estate Portugal SIGI SA EU:MLORE Euronext Ordinary Share
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 3.20 3.20 4.00 0.00 01:00:00

Orege signs a lease agreement for three SLG systems with the City of Orlando, Florida (USA)

14/01/2019 7:00am

GlobeNewswire Inc.


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Orege signs a lease agreement for three SLG systems with the City of Orlando, Florida (USA)

Voisins-le-Bretonneux, 14 January 2019, 8am – Orege is announcing that it has signed a six-year lease agreement for three SLG® solutions with the City of Orlando for a total of over $1.3 million. These solutions will be delivered in the second quarter of 2019.

The City of Orlando is a major metropolitan area in Central Florida that is seeing rapid population growth and faces a major increase in sludge disposal costs for its wastewater treatment plant covering the equivalent of 300,000 inhabitants.

The three SLG® solutions are large-scale systems rated at 400 gallons per minute (80 m3/hour) each. Their installation will enable the City of Orlando to comply with increasingly strict regulations and significantly reduce the cost of sludge disposal by enhancing the overall performance of their belt filter presses for dewatering.

Orlando values the many operational benefits and cost savings delivered by the SLG® solutions, from reducing hauling and disposal costs to decreasing polymer use and increasing dewatering throughput. These SLG® solutions will also deliver broader benefits across the wastewater treatment plant, including reduced odor and corrosive gas.

The delivery of the three SLG® solutions is planned for the second quarter of 2019. Under this six-year lease agreement, the City of Orlando will be covered by a bespoke financing approach and will be able to immediately capitalize on the operational benefits of SLG®.

This new contract with the City of Orlando confirms the growing adoption of the SLG® solution in the US. It represents the tenth project delivered by Orege in the US and will further strengthen Orege’s presence in Florida and neighboring states. Faced with financial and environmental challenges similar to those in Orlando, a number of other municipalities across the region have already expressed interest in deploying the SLG® solution.

About SLG®

SLG® (solid, liquid, gas) is an innovative sludge conditioning and treatment technology. It offers a cost-effective and high-performance solution for industrial firms, operators and municipalities by significantly reducing sludge volume and promoting sludge recovery by changing its physical, chemical and rheological characteristics.

Fully aligned with new regulatory and environmental requirements, the patented SLG® technology has received several international awards, including 2016 Breakthrough Technology of the Year at the Global Water Intelligence Awards and Most Innovative Technology at Birmingham Utility Week in 2017.

About Orege

Orege is an international cleantech firm specialized in the development, manufacturing and marketing of treatment solutions for municipal and industrial sludge and complex effluents. With bases in France, the US, the UK and Germany, Orege supports its clients in a dozen countries around the world. The company is a partner of Itochu Machine-Technos Corp in Japan.

Orege has been listed on the regulated market Euronext - Paris since 5 July 2013. ISIN: FR0010609206 – OREGE www.orege.com

Contacts

OREGE Investor Relations & Financial Information communication@orege.comCALYPTUS  Cyril Combe tel: +33 (0)1 53 65 68 68 orege@calyptus.net

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