Scandinavian Enviro Systems signs an MoU with a Canadian partner in the energy business

N.B. The English text is an in-house translation of the original Swedish text. Should there be any disparities between the Swedish and the English text, the Swedish text shall prevail. Scandinavian Enviro Systems AB (publ) (”Enviro”) has signed an MoU with ArticCan Energy Services Inc, an energy services provider from Canada.

Enviro, ArticCan Energy Services Inc

Thomas Sörensson and Anastassia Manuilova

Enviro has signed an MoU (Memorandum of Understanding) with ArticCan Energy Services Inc as a first step in establishing a new plant in Canada. The agreement is valid for a period of 18 months and applies to a recycling plant of 30 000 tonnes of end of life tyres per year.

ArticCan has been in operations for over 10 years. They provide services to the Oil & Gas industry, and have expanded their operations to include provision of energy efficiency, environmental and sustainability services.

“Canada is a very important market for us. Several leading tyre manufacturers are established in the region and there is also a high presence of other rubber producers as well”, says Thomas Sörensson, CEO of Enviro.

“The signing of the MoU with Enviro represents a significant milestone in our strategic vision of finding a sustainable solution that allows recovery of valuable materials from end of life tyres”, says Dr. Anastassia Manuilova, VP, Energy and Environment of ArticCan.

For more information, please contact:
Thomas Sörensson, CEO Enviro, tel: +46 (0)735-10 53 43, thomas.sorensson@envirosystems.se
Urban Folcker, CFO Enviro, +46 (0)760-00 13 11, urban.folcker@envirosystems.se
Alf Blomqvist, t.f. styrelseordförande Enviro, +46 733 149 700, alf@blomqvistunlimited.com

Mangold Fondkommission AB is the Certified Adviser of Enviro at Nasdaq First North Stockholm.

Scandinavian Enviro Systems AB
Regnbågsgatan 8C
417 55 Göteborg

This information is information that Scandinavian Enviro Systems AB (publ) is required to publish under the EU regulation on market abuse. The information is provided under the auspices of the contact person listed above for publication on March 2nd 2018 at 15:10 CET.