Ad-hoc-News

Ad hoc announcement according to § 15 WpHG of 11 March 2008

Hamburg, 11 March, 2008

 

ZhongDe Waste Technology AG signs contract for large scale waste incinerator plant

 

1,000 tons/day waste incinerator plant with electricity generation for Datong

Contract value amounting to approx. € 30 million

Strategic milestone to expand into large-scale incineration market

 

ZhongDe Waste Technology AG [Ticker ZEF] announced today that ZhongDe Group ("ZhongDe") has signed general contracts for the Datong waste disposal and electricity generation project. Datong is a city located in the northern Shanxi Province near to Inner Mongolia with a population of approx. 3.1 million. The Datong project contracts comprise designing, purchasing, manufacturing, construction and the commissioning of a 1,000 tons/day waste incinerator plant with 30 MW electricity generation. The total contract amounts to approx. € 30 million. Project construction is likely to start in April 2008. ZhongDe expects the project to be completed by the end of 2009. The "percentage of completion"-method is being used for this major contract, which means that the Datong project will contribute to 2008 revenues and earnings. This is the first project where ZhongDe will install complete sets of incineration plants with electricity generation on a larger scale.

 

The Datong waste disposal and electricity generation project uses a circulatory fluidized bed waste incinerator supplemented with less than 20% coal. Three incineration lines with a daily treatment capacity of 500 tons each will be installed, of which one line is for production standby. The project treats an average of 1,000 tons of municipal waste daily with a maximum daily capacity of 1,500 tons and an annual 7,600 hours of equipment utilization. The total waste treatment volume of the entire plant is 316,600 tons per year, the annual maximum treatment capacity is 360,000 tons. Two sets of supporting 15 MW turbine generator units are to be installed. The electric power generated by these units will be partly utilized for the production of superheated steam used to drive the air-cooling turbo-generator units with the remaining electric power generated to be delivered to the urban power grid.

 

 

About ZhongDe Group

ZhongDe Group designs, manufactures and installs pyrolytic, grate and rotary kiln waste incinerators for the disposal of solid medical, municipal and industrial (including hazardous) waste. Since 1996, ZhongDe Group has installed approximately 180 waste incinerators in about 13 provinces, and more than 120 waste incinerators in the last three financial years alone. Its waste incinerators are principally constructed for operators of medical disposal centres in the hospital and healthcare industry, as well as for small and midsized Chinese cities in developed areas of the People's Republic of China. ZhongDe Group is one of the leading suppliers of small and midsized solid waste incinerators in China, supplying state-of-the-art products. The trading of the shares (German Securities Identification Number ZDWT01, ISIN DE000ZDWT018 and ticker symbol ZEF) commenced on the Prime Standard segment of the Frankfurt Stock Exchange on July 6, 2007.

 

 

This document constitutes neither an offer to sell nor a solicitation to buy securities of ZhongDe Waste Technology AG. The securities have already been sold.

 

This document is not an offer of securities for sale in the United States of America. Securities may not be offered or sold in the United States of America absent registration or an exemption from registration under the U.S. Securities Act of 1933, as amended. The shares in ZhongDe Waste Technology AG have not been and will not be registered under the U.S. Securities Act of 1933, as amended, and are not being and will not be offered or sold in the United States of America.

 

This document is directed at and/or for distribution in the U.K. only to (i) persons who have professional experience in matters relating to investments falling within article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (the "Order") or (ii) high net worth entities falling within article 49(2)(a) to (d) of the Order (all such persons being together referred to as "relevant persons"). This document is directed only at relevant persons. Any person who is not a relevant person should not act or rely on this document or any of its contents. Any investment or investment activity to which this document relates is available only to relevant persons and will be engaged in only with relevant persons.

 

 

Contact

Gabriela Sexton
Director
Citigate Dewe Rogerson GmbH
Goethestraße 26-28
60313 Frankfurt am Main
Tel: 0049-69 90 500-140
Fax: 0049-69 90 500-102
E-Mail: gabriela.sexton@citigatedr.de
Internet: www.citigatedr.de

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31 December 2010
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9 December 2009
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23 January 2009
Ad hoc announcement according to § 15 WpHG of 23 January 2009
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13 June 2008
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29 April 2008
Ad hoc announcement according to § 15 WpHG of 29 April 2008
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11 March 2008
Ad hoc announcement according to § 15 WpHG of 11 March 2008
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27 February 2008
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