DGAP-News: Grünergy Technologies Completes Acquisition of North American providers of Mercury Control Technology
(firmenpresse) - Grünergy Technologies PLC / Acquisition
08.06.2010 11:45
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June 8, 2010
Grünergy Technologies Completes Acquisition of North American providers of
Mercury Control Technology
London, UK - Grünergy Technologies PLC (Frankfurt: GN1) announced today
that it has acquired each of Grünergy Technologies USA Inc. (formerly
known as RLP Energy, Inc.), a privately-held company based in Grand Forks,
North Dakota, and Grünergy Technologies Canada Inc. (formerly known as RLP
Energy Canada Inc.), a privately-held company based in Ottawa, Canada.
The all-stock transaction valued at approximately£250,000 was completed on
May 25, 2010. As a result of the acquisition, the companies became wholly
owned subsidiaries of Grünergy Technologies PLC, as providers of a patented
mercury emission control system known as Total Mercury Control.
The Total Mercury Control solution, which utilizes an integrated sorbent
enhancement additive system together with proprietary sorbent technologies,
was initially developed by scientists and engineers at the University of
North Dakota Energy&Environmental Research Center and licensed
exclusively to Grünergy Technologies USA.
'This move into the public sector will provide the business platform
necessary to compete on a global scale,' said Rick MacPherson, Chairman and
Chief Executive Officer of Grünergy Technologies PLC. 'I am confident our
technologies will have great success as we continue to move forward in the
emissions field as a public firm.'
About Grünergy Technologies PLC
Grünergy Technologies PLC is a holding company and is only active through
the operations of its wholly owned subsidiaries, Grünergy Technologies USA
Inc., located in Grand Forks, North Dakota, and Grünergy Technologies
Canada Inc., located in Ottawa, Canada. These subsidiary companies are
responsible for the development and implementation of the Total Mercury
Control technology. Total Mercury Control offers a patented combination of
Sorbent enhancement additives and proprietary sorbents to optimize mercury
capture and effectively reduce negative environmental impacts of mercury
emissions from the power utility and other industries.
For more information, please visit the Web site at www.grunergytech.com.
Disclaimer:
This press release contains forward-looking statements based on beliefs of
Grunergy Technologies Plc. management. When used in this press release,
words such as 'anticipate', 'believe', 'estimate', 'expect', 'intend',
'plan' and 'project' are intended to identify forward-looking statements.
Such statements reflect the views of Grunergy Technologies Plc as of the
date made with respect to future events and are subject to risks and
uncertainties. Many factors could cause actual results to be materially
different from those projected here, including, among others, changes in
general economic and business conditions, changes in currency exchange
rates and interest rates, introduction of competing products, lack of
acceptance of new products or services and changes in business strategy.
Grunergy Technologies Plc. disclaims any intention or obligation to update
these forward-looking statements.
Contact:
Rick MacPherson
rmacpherson(at)grunergytech.com
or
Investor Relations
info(at)grunergytech.com
08.06.2010 11:45 Ad hoc announcement, Financial News and Media Release distributed by DGAP. Medienarchiv atwww.dgap-medientreff.deandwww.dgap.de---------------------------------------------------------------------------
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Datum: 08.06.2010 - 11:45 Uhr
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