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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Compact Power | LSE:CPO | London | Ordinary Share | GB0031544439 | ORD 2P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 21.00 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
RNS Number:7673L Compact Power Holdings PLC 02 June 2003 Compact Power and Ferrovial join forces in the development of waste treatment technology. Cadagua, a subsidiary of the Spanish engineering group Ferrovial, has obtained exploitation rights for Compact Power's waste treatment technology. Bristol, June 2nd 2003. Cadagua, a subsidiary of Ferrovial, specialising in the engineering and construction of water treatment plants, and the UK company Compact Power have signed a co-operation agreement which grants Cadagua rights for all of Spain (except Catalonia) to Compact Power's technology for the treatment of municipal solid waste, industrial and clinical waste. Catalonia is covered by a separate agreement between Compact Power and EMTE S.A. Compact Power is the developer and proprietor of an innovative technology that enables the conversion of a wide range of wastes into heat, energy and other useful by-products through the thermal processes of pyrolysis, gasification and high temperature oxidation which meet the strictest environmental standards. Under the agreement, the Spanish company's engineers will be spending time at Compact Power's Avonmouth plant to familiarise themselves with the British company's technology and its operating procedures. The agreement between Compact Power and Ferrovial strengthens the opportunity to develop a programme of projects in Spain, a key market for the introduction of new technology in this field, following the introduction of new European directives concerning waste treatment and landfill sites. Cadagua, for its part, has already started to identify projects to establish Compact Power's technology in Spain, thereby reducing the time required for their implementation. The agreement also recognises the potential for Compact Power to co-operate with Ferrovial as a financial and engineering partner in those overseas markets in which the Spanish company is already established. The agreement also represents another success for Compact Power's policy of establishing strong local partnerships that will facilitate the delivery of projects at home and abroad. Compact Power's CEO, John Acton said: 'We are very pleased to have signed this agreement with the Ferrovial Group. They are a very significant contractor in the infrastructure sector. Their commitment to us in Spain and other markets gives further endorsement to our achievements to date. We have launched this collaboration with a strong sense of the mutual benefits that can flow from linking our technology to their resources and experience in infrastructure operations in Spain and internationally.' Cadagua's Commercial Director, Antonio Casado stated: 'The agreement links the strength and experience of Cadagua in engineering and water treatment with the advances of a cutting-edge technology with considerable possibilities for implementation in future waste treatment projects involving rigorous environmental and technological demands. Our co-operation within Spain can be exported to infrastructure and waste treatment development projects in other international markets.' Notes to Editors: About Ferrovial: Established in 1952, Ferrovial began life as a construction company. Fifty years later it has become a diversified industrial group, listed on a number of international capital markets, with over 28,000 employees and with business in a number of sectors related to its principal activity - construction. These include infrastructure work, property development and services. Through its subsidiary Cadagua, Ferrovial is the leader in the engineering and construction of water treatment plants in Spain. Ferrovial is the leading construction company in Spain, and the second largest in Europe in equity terms. Currently, the group's international presence is concentrated in Canada, Poland, Australia, the UK, Portugal, Ireland and a number of Latin American Countries. About Compact Power: Compact Power is a Bristol based environmental management company that has developed an innovative technology based on pyrolysis, gasification and high temperature oxidation for the safe, economic and environmentally friendly processing of a wide range of wastes with energy recovery. Following 10 years of research and development, Compact Power built a commercial plant in Avonmouth, Bristol, which has been approved by the Environment Agency, and meets IPPC (Integrated Pollution Prevention and Control) standards. The company listed on the London AIM in April 2002 raising #7.5m. Compact Power is currently involved in projects for a waste recovery centre in Wrexham, Wales, a resource recovery centre in Cornwall and a municipal, commercial and industrial energy from waste plant near Dumfries in Scotland. It has formed several strategic alliances with key industrial and commercial partners, including SNC Lavalin, EMTE SA and HLC Holdings, as a platform to promote and deliver the future growth of the business. This information is provided by RNS The company news service from the London Stock Exchange END AGRURRBRONRVOAR
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