Notice of Results
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For release |
07:00 |
Date: 4 March 2011 |
The TEG GROUP PLC (TEG/L)
("TEG" or "the Company")
Notice of Results
For the year ended 31 December 2010.
The TEG Group Plc, the AIM-listed cutting edge green technology company, which develops and operates organic composting and energy plants, will be announcing its preliminary results for the year ended 31 December 2010 on Monday, 14 March 2011.
There will be an analyst briefing on the day at 09.30 at the offices of Ambrian Partners:
Old Change House, 128 Queen Victoria Street, London, EC4V 4BJ Tel: 020 7634 4700
If you would like to attend, please contact Tarquin Edwards on 07879 458 364 or by email on tarquin.edwards@peckwaterpr.co.uk to confirm numbers.
ENDS
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Contact:
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The TEG Group Plc |
Tel: 01772 644 980 |
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Mick Fishwick, Chief Executive |
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Tanja Willis, Finance Director |
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Ambrian Partners Limited (Nomad) |
Tel : 020 7634 4700 |
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Andrew Craig / Ben Wright |
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Peckwater PR |
Tel: 07879 458 364 |
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Tarquin Edwards |
Editor's Notes:
TEG
TEG provides an in-vessel composting technology, which is one of the few approved technologies capable of treating animal by-product (ABP) waste, and is now providing an anaerobic digestion (AD) technology to produce power from food waste. Plant economics are predominantly driven by the gate fees charged, rather than the value of the end product (compost). The AD plants also benefit from power sales and Renewable Obligations Certificates ("ROCS") or Feed-in Tariffs ("FITs"). TEG owns its composting technology and has an agreement with UTS Biogastechnik GmbH ("UTS") for the provision of AD technology into the UK waste markets. The TEG processes are an economic alternative to landfill.
The TEG Silo Cage System
The Silo Cage system, one of the few technologies in Europe capable of treating this waste, is a natural process producing compost as an end product. The compost is an excellent soil conditioner that fertilises, retains moisture, provides structure and reduces the incidence of plant disease. TEG's Silo-Cages are housed in self-contained buildings, are not unsightly and are environmentally friendly.
Collaboration with UTS
Having supplied equipment to more than 1,500 equipped biogas plants, UTS Biogastechnik GmbH is one of the world's leading biogas companies. The UTS group of companies offers services in the planning, construction, delivery and installation of biogas plants and their key components. The company has its own production facilities and service shops, technical design and development departments as well as mobile mechanical and biological customer service technicians to support the international client base. UTS also develops and sells specialized mixers, pumps and a variety of solid/liquid separating devices related to the biogas and agro/food markets. The company is headquartered near Munich, Germany with subsidiaries in Italy, Hungary, Spain, the Czech Republic and now a rapidly developing company UTS Biogas Limited to service the United Kingdom & Ireland markets.
TEG Biogas (Perth) Limited
TEG Biogas (Perth) Limited ("TEG Biogas") is a joint venture company established by TEG with Albion LLP. TEG Biogas is constructing a 16,000 tonnes per annum AD plant at TEG's Glenfarg site to produce 0.7MW of electrical power and 0.2MW of heat that is to be used by Binn Eco Park. The facility is due to be completed in March 2011 and commissioned in April 2011.
General
Customers include local authorities, waste management companies, food processors, farmers and landowners. The Company's expanding market is driven by increasingly stringent EU and UK legislation regulating the treatment and disposal of organic waste. Statutory targets for the diversion of waste from landfill increase annually through to 2020, increasing TEG's market opportunity year on year.
The Natural Organic Fertiliser Company Limited ("NOFCO"), a subsidiary of TEG, is a marketing company specialising in the development of end markets for compost products, an important aspect of all plant developments and key to local authority development. The company has an expertise in the development of agricultural and horticultural markets and this capability is provided to customers to enhance TEG's overall service offering.
This information is provided by RNS