Contract Win

TEG Environmental Plc 08 December 2005 For Release 7:00 a.m 8 December 2005 TEG ENVIRONMENTAL PLC WASTE CONTRACT SECURED WITH SCHWAN Waste secured for Sherdley Farm Plant, Partnership Established with Global Food Business TEG Environmental Plc ('TEG' or 'the Company'), the cutting edge green technology company, which converts organic wastes into natural organic fertiliser, is pleased to announce that it has secured a 3 year contract for the composting of pizza waste from the Schwan Consumer Brands UK Ltd's ('Schwan') pizza production plant in Leyland, Lancashire. Schwan, whose UK brand is Chicago Town pizzas, is part of the global food processing business, the Schwan Food Company, which has 18 plants in the USA and interests across Europe. It has supported TEG throughout its Animal By-Products accreditation process. The 3 year contract is for the composting of all the waste that is classified as Category III Animal By-Products and is worth approximately £150,000. Commenting, Mick Fishwick, Chief Executive of TEG Environmental, said: 'Concluding a long term agreement with a company of the size and quality of Schwan is an important step forward for TEG. Not only is this a blue chip customer for our plant at Sherdley Farm but it opens up the door for further possible developments with a global business. Schwan has been very supportive of TEG and we look forward to developing our relationship with them over the coming years.' The contract with Schwan comes on the back of a further contract secured for the supply of green waste to the Sherdley Farm plant. Green waste is an important material used to blend with food waste to ensure ideal composting conditions within the TEG Silo Cages. 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 will be 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
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