DGAP-News: 2G Bio-Energietechnik AG: Rapid growth of 2G continues
(firmenpresse) - 2G Bio-Energietechnik AG / Development of Sales/Alliance
10.03.2010 11:02
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Rapid growth of 2G continues
- 2009 revenues have more than doubled to approximately 50M Euro
- Distribution agreement for expansion into the Canadian Market
Heek, 10 March 2010 - 2G Bio-Energietechnik AG (2G), a leading German
manufacturer of combined heat and power plants, continues on its path to
growth. According to preliminary numbers, with record revenues of
approximately 50M Euro (2008: 21.2M Euro) the internal forecast as well as
the market expectation was significantly exceeded. The Board therefore
anticipates that 2009 results will top the estimates of analysts.
More details regarding the 2009 financial year will be announced by the
company in late March, together with the actual backlog. According to
Christian Grotholt (CEO), it is already clear that 2G is heading into a new
record year.
Cooperation in Canada announced today
Since mid-December 2009, 2G has an agreement with CENERGY Power Systems
Technologies Inc. to expand its sales and service activities in the U.S.
market. This is now being followed by a further important step in our
expansion abroad. Today, at the Canadian show about green energy and the
economy for the agricultural and food sectors, the '4th Annual Growing the
Margins Conference&Exhibition in Ontario, the partnership between
European Power Systems Ltd., Ontario, (EPS Ltd.) and 2G Bio -Energy Ltd.
was announced. EPS Ltd., founded by Jan Buijk and Daniel Jones, two proven
professionals with decades of industry experience, has the exclusive rights
to sell and service 2G cogeneration (CHP) plants in the Canadian market.
For Christian Grotholt, Canada and particularly the Province of Ontario
offer an outstanding potential. On October 1, 2009, Ontario introduced a
Feed in Tariff program that pays a premium for electricity from biogas and
other renewable resources. The market segment of agricultural biogas plants
is facing insufficient capacity of existing transmission power lines. As a
result, remote areas, where farms are located, can only implement small and
medium sized power plants. EPS Ltd. has chosen 2G as a partner because the
German company holds an international leadership position in providing
small and medium sized power plants. EPS management was especially
impressed with the new biogas cogeneration system 'agenitor', that was
introduced at the beginning of November 2009.
Company Profiles
2G Bio-Energietechnik AG is one of Germany's leading suppliers of systems
for decentralized energy supply. The company offers development,
production, installation and servicing of cogeneration plants and
integrated solutions in the growing market of high-efficiency combined heat
and power, which in coming years will greatly benefit from the political
will to battle climate change. EPS Ltd. is exclusively dedicated to the
sale, service and maintenance of best in class, advanced gas engine power
generation systems and balance of plant equipment. EPS Ltd. provides power
generation solutions for On-site power, CHP, Demand Response, Landfill Gas,
Biogas, Syngas and other gas engine applications, with sales, engineering,
service, parts, and operation support provided across Canada.
Upcoming dates:
End of March 2010: Preliminary annual report 2009
Beginning of May: Analysts presentation Frankfurt a.M.
May 2010: Announcement of consolidated financial statements
August 2010: Ordinary stockholders' meeting, Heek
September 2010: Preliminary report on 1st half-year 2010
November 2010: Announcement of Business development by 30 September
For more information:
2G Bio-Energietechnik AG
Christian Grotholt, CEO
Benzstr. 3, 48619 Heek
Tel.: +49 2568 93 47-0
Fax: +49 2568 93 47-15
email: info(at)2-g.de
www.2-g.de
UBJ. GmbH
Ingo Janssen
Kapstadtring 10, 22297 Hamburg
Tel.: +49 40 6378 5410
Fax : +49 40 6378 5423
email: ir(at)ubj.de
European Power Systems Ltd.
Jan M. Buijk, Ing.
President&CEO
2425 Matheson Boulevard East
8th Floor
Mississauga, Ontario
L4W 5K4
Tel: (416) 804-2203
Fax: (416) 907-3976
email: info(at)epsenergy.ca
www.epsenergy.ca
10.03.2010 11:02 Ad hoc announcement, Financial News and Media Release distributed by DGAP. Medienarchiv atwww.dgap-medientreff.deandwww.dgap.de---------------------------------------------------------------------------
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