OPCON: Opcon’s Board Sets Goal for Pace of Sales Turnover of SEK 2 Billion by the End of 2012

STOCKHOLM--(BUSINESS WIRE)--Regulatory News:

The Board of Directors of Opcon AB (STO:OPCO), the energy and environmental technology Group, has set a new sales turnover goal for Opcon. This is an addition to the previously announced goal of sales turnover of SEK 1 billion by 2010, which the Board today considers will be met.

The new sales turnover goal was established in connection with the decision to submit a public acquisition offer for Tricorona. The aim is to give the market an indication of Opcon’s progress in the longer term. The goal of reaching a pace in sales turnover of SEK 2 billion by the end of 2012 has been set without consideration for the anticipated sales increase Opcon would expect in the event of a merger with Tricorona.

The background to the decision is Opcon’s increased sales, strong order book, rising energy prices and growing interest in Opcon’s technology with its new products and systems. The sales turnover goal is based on expectations of continued strong growth in bioenergy, but above all a considerable increase in sales of Opcon Powerbox.

About Opcon
Opcon is an energy and environmental technology Group that develops, produces and markets systems and products for eco-friendly, efficient and resource-effective use of energy.

Opcon has activities in Sweden, China, Germany, the UK and Denmark. There are around 375 employees. The company’s shares are listed on Nasdaq OMX Stockholm. The Group comprises three business areas: Renewable Energy focuses on generating electricity from waste heat, bioenergy, systems for handling natural gas, industrial cooling, recycling of heat, drying of biomass, treatment of flue gases, handling systems for biofuel, etc., air systems for fuel cells and measurement and monitoring of processes. Engine Efficiency focuses on ignition systems for combustion engines including ethanol, natural gas and biogas engines. Mobility Products focuses on technology for positioning, motion and regulation for electrical vehicles, electrical wheelchairs and hospital beds.

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