PlasmaSelect AG / Joint Venture 30.04.2009 Release of a Adhoc News, transmitted by DGAP - a company of EquityStory AG. The issuer is solely responsible for the content of this announcement. --------------------------------------------------------------------------- Munich, 30 April 09 - Aquaworx AG, an associated company of PlasmaSelect AG, is entering the global nautical ballast water treatment market and today has signed a joint venture agreement with Aalborg Industries A/S (Denmark) to this effect. The joint venture is calculated to bring Aquaworx net profits of EUR 180 million by the year 2020, made up of agreed royalties on sales (approx. EUR 110 million) and profit.-sharing (approx. EUR 70 million). The contractual partner of Aquaworx AG, a developer of innovative disinfection and filtration treatments for water and liquids, is Aalborg Industries Group (2,700 employees; 2008 sales: EUR 452.5 million), a leading provider of steam, thermal and safety solutions for marine and maritime oil and gas applications. The joint venture will be headquartered in Singapore and will receive the exclusive distribution rights for the platform technology developed by Aquaworx AG for ballast water treatment in the nautical sector. Aquaworx AG will hold 40% of shares in the joint venture and Aalborg Industries Group the remaining 60%. In compensation for its development costs, Aquaworx will receive graduated payments of EUR 2 million. The revenues given are based on a business plan which forms a constituent part of the joint venture agreement. The global ballast water treatment market has an estimated volume of EUR 21 billion. PlasmaSelect AG holds 30% of capital stock in Aquaworx Holding AG, (Switzerland) and 20.1 % of voting rights, and also holds an option for the purchase of a further 20.1% of capital stock. DGAP 30.04.2009 --------------------------------------------------------------------------- Language: English Issuer: PlasmaSelect AG Bernhard-Wicki-Str. 5 80636 München Deutschland Phone: +49 (0)89 810 29-0 Fax: +49 (0)89 810 29-111 E-mail: mail@plasmaselect.de Internet: www.PlasmaSelect.de ISIN: DE0005471809 WKN: 547180 Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin, Stuttgart, München, Hamburg, Düsseldorf End of News DGAP News-Service ---------------------------------------------------------------------------
DGAP-Adhoc: Associated company of PlasmaSelect AG announces conclusion of groundbreaking agreement with profits of up to EUR 180 million forecast by the year 2020
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