13th Jan 2010 10:29
13 January 2010
Hydrodec Group plc
(the "Company" or "Hydrodec")
Japanese approval of technology
The Board of the Company is pleased to announce that the technical committee of the Waste Management Foundation, on behalf of the Japanese Environment Ministry, has now granted national approval for the use of the Hydrodec technology in Japan for the treatment of PCB contaminated transformer oils.
In parallel with the processing of the approval, the Company and its Japanese partner, Kobelco Eco Solutions, have also been investigating candidate sites and now have several under consideration. Receipt of the Ministry approval allows commencement of the formal application for approval to build and operate a plant at one or more of the potential sites.
Neil Gaskell, the Chairman of the Company, commented that "we are delighted with this success which reflects both the strength of our technology and our good relationship with Kobelco Eco Solutions. Progress towards launching the Hydrodec business in Japan continues to be positive."
For further information please contact:
Hydrodec Group plc 020 7786 9810
Neil Gaskell, Chairman
Mark McNamara, Chief Executive
Mike Preen, Company Secretary
Numis Securities Limited 020 7260 1000
Nominated Adviser: Simon Blank
Corporate Broker: David Poutney / Alex Ham
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