Opcon Divests Company Focused on Superchargers Primarily for Aftermarket

STOCKHOLM, Sweden--Regulatory News:

Opcon (STO:OPCO), the energy and environmental technology Group, today sold its shareholding in its subsidiary, Lysholm Technologies. The buyer is a newly formed Group, Vortech Three, whose majority owner is the owner of Vortech Engineering LLC of California, USA, a major customer of Lysholm. Opcon will receive a minority shareholding in Vortech Three as payment for the shares in Lysholm.

Opcon will retain all patents and brands. Vortech/Lysholm will have the right to use the brands and technology in the US and in aftermarket applications. The exception will be sales connected with OEM deliveries of superchargers in Europe, which Opcon will retain control over. Vortech/Lysholm is also signing a licence agreement with Opcon’s development company, Svenska Rotormaskiner, which has been developing screw compressor technology since the 1930s. The agreement gives Vortech/Lysholm key access to development in this field. Vortech Three also contains technology of interest to Opcon.

The sale of Lysholm does not involve any change in value of the Group’s assets.

“In our strategic focus on energy and environmental technology there is no room for the type of business Lysholm carries out that involves aftermarket installations for combustion engines. In Vortech Three, Lysholm will find a place in a Group that has a strategy more in line with its activities. This gives Lysholm better opportunities for the future with a stronger foothold on the key American market and access to new, more effective sales channels. Through a licence agreement with our development company, SRM, Lysholm/Vortech Three will continue to have decisive access to our unique technology and our expertise,” says Rolf Hasselström, President and CEO of Opcon AB.

“In the hunt for lower emissions currently taking place in the auto industry we are also noting increased interest in our technology from the auto industry in future OEM applications. With larger volumes and a clear connection to cutting emissions this business is of strategic interest to us and we will therefore continue to be active on this market,” adds Rolf Hasselström, President and CEO of Opcon AB.

The Opcon Group 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. The business area comprises the following subsidiaries: Svenska Rotor Maskiner (SRM), Opcon Energy Systems (OES), REF Technology (REF Tech), Svensk Rökgasenergi (SRE), Saxlund, Värmlands Montageteknik, and the Opcon Autorotor and Mitec Instrument brands.

Engine Efficiency focuses on ignition systems for combustion engines including ethanol, natural gas and biogas engines. The business area comprises the following subsidiaries: SEM, Opcon Technology Suzhou and Laminova Production.

Mobility Products focuses on technology for positioning, motion and regulation for electrical vehicles and electrical wheelchairs. The business area comprises the REAC and Balle A/S subsidiaries.

Opcon AB, Box 15085, 104 65 Stockholm, Sweden
Tel. +46 8-466 45 00, faxm+46 8-716 76 61
e-mail: info@Opcon.se
www.Opcon.se

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