OPCON: Opcon's subsidiary, SEM, receives breakthrough ord...

Opcon's subsidiary, SEM, receives breakthrough order for ignition systems for biogas engines SEM AB has received a first order for over 100 ignition systems for biogas engines from the company's partner, Huegli Tech AG, Switzerland. SEM's ignition systems are developed for biogas engines that are used to generate green electricity, which is a fast-growing market on the European continent. "This is a breakthrough order for our ignition systems for biogas engines. Government policies in several large European countries favour the production of green electricity and we believe this is a market where we can grow," says Svein Valheim, President of SEM AB. The ignition systems have been tested during the autumn of 2006 in co-operation with Huegli Tech AG and engine producers, and the results have been positive. The technology behind the biogas engines is more complicated than for other types of combustion engine and demands for ignition systems are very high. Huegli Tech sells and distributes SEM's ignition systems and adapts them for end-users. Germany is leading the development of electricity production via biogas engines, and the number of plants has increased tenfold between 1995 and 2005. Electricity produced by biogas today accounts for 1% of total electricity production in Germany, and the biogas industry expects this percentage to increase to 17% by 2020. In 2006 the French government raised producer prices for green electricity to the same level that they are in Germany. For further information, please contact: Svein Valheim, vice President of Opcon AB and President of SEM AB, +46 532 611 64, +46 70 678 22 17 Rolf Hasselström, President and CEO of Opcon AB, +46 8 466 45 00, +46 70 594 79 60 Opcon AB, Box 30, S-662 21, Åmål, Sweden Tel. +46 532 613 00, fax +46 532 120 19 e-post: info@opcon.se www.opcon.se Opcon is an industrial Group with activities in Sweden, the US and China. The Group comprises the parent company, Opcon AB, and nine subsidiaries - SEM, REAC, Svenska Rotor Maskiner (SRM), Opcon Energy Systems (OES), Lysholm Technologies, Opcon Autorotor, Laminova Production, Opcon Inc. and Opcon Technology Suzhou (OTS). There are around 400 employees. The company is listed on the OMX exchange. ------------------------------------------------------------ This information was brought to you by Waymaker http://www.waymaker.net The following files are available for download: http://wpy.waymaker.net/client/waymaker1/f.aspx?id=355970&fn=wkr0010.pdf