Verditek PLC Verditek & Optimeyes Announce Framework Agreement

TIDMVDTK

Verditek PLC

29 May 2019

Verditek PLC

("Verditek" or the "Company")

Verditek and Optimeyes Announce Framework Agreement

Verditek plc, (AIM: VDTK) and Optimeyes Energy Limited are pleased to announce that they have signed a framework agreement to advance commercial opportunities jointly. Under the arrangement the two firms will collaborate on projects in which Verditek technology and expertise can be used to the advantage of Optimeyes projects which are under development in Europe. Several projects are currently being developed which will demonstrate the synergies that the two firms can offer working together.

Verditek is developing opportunities for its lightweight and semi-flexible solar panels manufactured in Italy. These products address projects that otherwise could not consider a PV solar solution due to weight restrictions, installation challenges, or architectural aesthetics. We deliver more watts per weight.

Optimeyes is a project developer providing clients with integrated solutions in renewable energy generation projects in the EU and the UK. Optimeyes has developed a full range of services comprising energy compliance audits, optimization analysis for businesses, energy efficiency programs to reduce utility spending, and has a track record in creating financial instruments to ease client entry into capital purchases that reduce the long-term burden of utility costs.

Miguel Matias, COO of Optimeyes said "we are happy to be working together with Verditek and capitalize on our experience in developing renewable energy projects. We see many opportunities in introducing hybrid energy solutions for our clients which benefit from the Verditek technology".

Dr Geo Nesbitt, CEO of Verditek plc said: "I am pleased our teams are working so intensely, developing attractive products and terms that provide our clients with compelling commercial opportunities. Together we have the network, skills and experience to create everything clients and investors need to benefit from a solar PV system and long-term contract. We will continue to look for prospects that become possible due to our unique product attributes and financial savvy that we bring to the table".

About Optimeyes

Optimeyes Energy Limited helps businesses take advantage of a more dynamic energy landscape, by providing innovative, integrated solutions, which draw upon our significant expertise in energy insight, efficiency and on-site generation.

http://www.optimeyesenergy.me/

About Verditek plc

Verditek plc (AIM: VDTK) is headquartered in London and holds interests in three businesses operating within the clean technology sector. This includes full control of a new manufacturing factory in Lainate Italy comprising two solar manufacturing production lines (total of 20MW p.a.) producing innovative lightweight solar modules. Additionally, the company has interests in a sustainable filtration and deodorization technology which is commercially proven to remove a wide range of odours found in wastewater and exhausts, and a unique liquid gas absorption technology which can revolutionize the global CO2-capture industry. For further information, please visit www.verditek.com.

For further information, please contact:

 
 Verditek plc 
  Geoffrey Nesbitt, CEO                             Tel: [phone] 
                                                                   1110 
 
 Optimeyes Energy Limited 
 Miguel Matias, COO and Co-Founder             Tel: [phone] 
 
   WH Ireland Limited - NOMAD and Broker       Tel: [phone] 
 Chris Hardie 
  Matthew Chan 
 
 Strand Hanson Limited - Financial Adviser     Tel: [phone] 
  James Harris 
  Ritchie Balmer 
  Jack Botros 
 

The information communicated within this announcement is deemed to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014. Upon the publication of this announcement, this inside information is now considered to be in the public domain.

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May 29, 2019 02:00 ET (06:00 GMT)