DGAP-News: Scutum Capital AG: Strategic focus - sale of the company Pyrolyx Halle GmbH
(firmenpresse) - DGAP-News: Scutum Capital AG / Key word(s): Strategic Company
Decision/Letter of Intent
Scutum Capital AG: Strategic focus - sale of the company Pyrolyx Halle
GmbH
25.07.2012 / 08:41
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Corporate News July 24, 2012
Scutum Capital AG:
- Strategic focus: sale of the company Pyrolyx Halle GmbH to a group of
investors
- Letter of intent for the financing of Pyrolyx plants in the USA
concluded
- First international distribution agreement close to completion
- The European tire industry is currently testing Pyrolyx Carbon Black
from the industrial reactor
Scutum Capital AG, Munich: In the context of its strategic focus of
marketing its technology, in association with its industrial partners,
through sales and licensing agreements granting operating rights to Pyrolyx
plants, Scutum Capital AG has sold 100% of the shares of its subsidiary
Pyrolyx Halle GmbH to a group of investors. In the course of the sale,
Scutum Capital AG will sell the first Pyrolyx plant and conclude a license
agreement for operating the plant on the site at Saalehafen in Halle. The
plant should be delivered by the plant manufacturer and partner Zeppelin
Systems GmbH in Friedrichshafen in cooperation with Van Beek b.v / Celsius
in Holland.
A letter of intent for the financing of Pyrolyx plants in the USA has been
concluded by the Company's distributor. The letter of intent has been
concluded for the first two Pyrolyx plants with a financial investor.
Subject to the successful completion of a due diligence process by the
financial investor, the conclusion of the sales and license agreements
should be realized before the end of 2012.
Scutum Capital AG and the Swiss global technology supplier of the cement
industry, Mertec Technology Group AG, concluded a letter of intent covering
an exclusive sales agreement of Pyrolyx plants to the cement industry. This
agreement includes an upfront payment from Mertec Technology Group AG and
additional royalty fees to be paid to Scutum Capital AG based on the output
of each operating plants sold. Mertec Technology Group is an innovative
engineering and technology company focusing on the construction,
modernization and maintenance of industrial plants in the cement and
building materials industry.
At the end of April, Scutum Capital AG announced very encouraging
analytical results from external independent laboratories and institutes of
its recycled product samples of Carbon Black, Oil and Gas. Pyrolyx Carbon
Black samples have now been sent to leading European tire manufacturers,
rubber and carbon black manufacturers who are currently conducting further
tests in connection with potential tire and rubber applications. Further
results should be expected in the fall of 2012.
Scutum Capital AG owns all intellectual property related to the Pyrolyx
environmental technology, especially one patent application and specific
process know-how. This unique, innovative process in the field of
environmental technology is aimed at commercially recycling valuable raw
materials such as Carbon Black, Oil and Gas from common rubber resins that
are produced from old car tires.
Munich, July 24, 2012
Niels Raeder Fikret Dülger
Board Members of Scutum Capital AG
End of Corporate News
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Language: English
Company: Scutum Capital AG
Nymphenburger Str. 70
80335 München
Germany
Phone: +49 (0)89 856 335 58
Fax: +49 (0)89 856 335 55
E-mail: info(at)scutum-capital.de
Internet: www.scutum-capital.de
ISIN: DE000A0MFXR8
WKN: A0MFXR
Listed: Open Market in Frankfurt
End of News DGAP News-Service
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179005 25.07.2012
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Datum: 25.07.2012 - 08:41 Uhr
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