TEG Environmental Plc
08 February 2006
For Release 7:00 a.m 8 February 2006
TEG ENVIRONMENTAL PLC
Collaboration Agreement with
Glendale Managed Services Ltd
TEG Environmental Plc ('TEG' or 'the Company'), the cutting edge green
technology company, which converts organic wastes into natural organic
fertiliser, announces that the Company has finalised a collaboration agreement
with Glendale Managed Services Ltd ('Glendale'), a division of Parkwood Holdings
PLC, a full-quoted Support Services company on the London Stock Exchange. The
collaboration agreement is for the joint bidding of commercial scale composting
projects to Local Authorities to both build TEG composting plants and
beneficially use the compost product in Local Authority parks and recreational
areas.
Glendale is the leading parks maintenance business in the UK, with over 100
Local Authority contracts. It generates significant quantities of compostable
waste and also has a substantial requirement for large quantities of compost and
fertiliser. Glendale also owns EcoSci, the green waste composting business in
the South West of England. The collaboration combines Glendale's impressive
presence in the public sector, with TEG's leading technology. The partnership
offers a unique capability to recycle a Local Authority's organic waste back
into a high quality compost product that can be used on parks and recreational
areas for the benefit of Local Authority residents.
With its wealth of Local Authority experience, it is expected that Glendale will
lead tenders and TEG will provide the technical element. For each successful
tender, Glendale will provide project management expertise from its project
management division. TEG will design and build the plants, provide operational
expertise and train staff local to the new facilities.
Commenting, Mick Fishwick, Chief Executive of TEG Environmental, said:
'This collaboration represents another exciting phase in TEG's increasingly
swift development. Glendale is a major player in the Local Authority market and
has an expertise in compost and fertiliser product design, as well as a ready
made outlet for local product. This agreement reduces TEG's barriers to entry
into the Local Authority market and significantly increases sales opportunities.
We expect the Local Authorities to be excited by the opportunity to recycle
products locally for beneficial use in their own region. Given the recent high
volume of tenders as Local Authorities address their recycling obligations, we
are optimistic of a significant boost to sales.'
ENDS
Contact:
TEG Environmental Group Plc
Michael Fishwick, Chief Executive 01772 314100
Binns & Co PR Ltd
Peter Binns/ Tarquin Edwards 020 7786 9600
Editor's Notes:
TEG provides an in-vessel composting technology, which is one of the few
approved technologies capable of treating animal by-product waste. Plant
economics are driven by the gate fees charged, rather than the value of the end
product (compost). The TEG process is an economic alternative to landfill.
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, used as an
excellent soil conditioner that fertilizes, retains moisture, provides structure
and reduces the incidence of plant disease. TEG's Silo-Cages are housed in a
self-contained building, are not unsightly and are environmentally friendly.
Potential 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.
This information is provided by RNS
The company news service from the London Stock Exchange
*A Private Investor is a recipient of the information who meets all of the conditions set out below, the recipient:
Obtains access to the information in a personal capacity;
Is not required to be regulated or supervised by a body concerned with the regulation or supervision of investment or financial services;
Is not currently registered or qualified as a professional securities trader or investment adviser with any national or state exchange, regulatory authority, professional association or recognised professional body;
Does not currently act in any capacity as an investment adviser, whether or not they have at some time been qualified to do so;
Uses the information solely in relation to the management of their personal funds and not as a trader to the public or for the investment of corporate funds;
Does not distribute, republish or otherwise provide any information or derived works to any third party in any manner or use or process information or derived works for any commercial purposes.
Please note, this site uses cookies. Some of the cookies are essential for parts of the site to operate and have already been set. You may delete and block all cookies from this site, but if you do, parts of the site may not work. To find out more about the cookies used on Investegate and how you can manage them, see our Privacy and Cookie Policy
To continue using Investegate, please confirm that you are a private investor as well as agreeing to our Privacy and Cookie Policy & Terms.