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FLIDY FLSmidth and Co AS (PK)

4.88
0.00 (0.00%)
10 Jan 2025 - Closed
Delayed by 15 minutes
Name Symbol Market Type
FLSmidth and Co AS (PK) USOTC:FLIDY OTCMarkets Depository Receipt
  Price Change % Change Price Bid Price Offer Price High Price Low Price Open Price Traded Last Trade
  0.00 0.00% 4.88 4.31 5.31 0.00 21:02:32

FLSmidth Signs Waste Heat Recovery Technology Licencing Agreement

20/06/2011 9:13am

Dow Jones News


FLSmidth and Co AS (PK) (USOTC:FLIDY)
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Danish construction materials sector services and equipment supplier FLSmidth & Co. A/S (FLS.KO) said Monday it has signed a global licencing agreement with Australian company Wasabi Energy Ltd. (WAS.AU) for its Kalina Cycle technology, which converts waste heat to power.

MAIN FACTS:

- According to the agreement, FLSmidth obtains exclusive rights to offer the Kalina Cycle technology to the cement and lime manufacturing industry globally, except in a few countries where existing licenses are present.

- The Kalina Cycle technology is able to recover waste heat from industrial process gas streams and convert it to usable electrical energy.

- FLSmidth said the agreement enables it to offer customers a waste heat system that will lower plant operating costs and reduce Co2 emissions and water consumption.

 
-By Copenhagen Bureau, Dow Jones Newswires; +45 33 12 44 88; flemming.hansen@dowjones.com 
 

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