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2016-05-19

Italeaf: acquired by TerniEnergia order worth of USD 19.2 million in Egypt for construction of a PV plant

PRESS RELEASE 19 MAY 2016

Italeaf: acquired by TerniEnergia an order worth of USD 19.2 million in Egypt
for the construction of a PV plant

* Signed an energy saving contract with leading cement player

TerniEnergia
, smart energy company active in the fields of renewable energy, energy
efficiency, waste and energy management, listed on the Star segment of the
Italian Stock Exchange and part of Italeaf Group, within the
internationalization process of the PV EPC business, has been acquired a
order worth of approximately $ 19.2 million for the construction in Egypt of
an industrial scale photovoltaic plant for a total capacity of 47 MWp, on
behalf of an Italian leading utility.
The plant will be installed in locations Benban about 900 km from Cairo on an
area of about 150 hectares. The order includes the EPC (engineering,
procurement and construction) activities without the supply of PV modules and
inverters. In the construction site will be active more than 250 workers. The
project involves the use of the be 3Sun panels (Made in Italy, in Catania)
mounted on steel structures.
In addition, the Company announces that it has signed an energy efficiency
lighting contract with the TPF formula (third party financing) shared
savings, worth about Euro 0.6 million on behalf of a leading cement italian
player. The intervention, of which TerniEnergia will also manage the
"turnkey" EPC, will be performed on a plant in Lombardy and will provide for
the replacement of 4497 traditional lighting points with 2853 new LED
lighting units of the latest generation, with an expected savings of about
1GWh / year.

TerniEnergia

, a company incorporated in September of 2005 and part of Italeaf Group, is
the first Italian smart energy company and operates in renewable energy,
energy efficiency, energy and waste management. TerniEnergia operates as
system integrator, with a turn-key offer of industrial sized photovoltaic
plants, on behalf of third parties and on its own, for the Power Generation
business, also through joint venture companies with leading national players.
TerniEnergia operates in the waste management sector, recovery of the
material and energy, development and production of technologies. In
particular, the Company is active in the recovery of tires out of use, in the
treatment of biodegradable waste through the implementation of biodigesters,
management of plant for the biological depuration; development and production
of technological apparatus. Through TerniEnergia Gas&Power, the Group is
active in the energy management, energy sales to energy intensive customers,
software and services for energy management, administrative, financial and
credit management. The Group is also active on the natural gas and liquefied
natural gas (LNG) market, offering a range of services and activities in
order to develop Client's business and achieve a competitive advantage
providing the best market conditions and creating a high added value.
TerniEnergia operates in the development of energy efficient plants both
through EPC scheme and FTT scheme (Financing Through Third Parties), pursuing
the objectives of increasing energy production from renewable sources, of
energy saving and reduction of emissions as set forth by environmental
European policy.
TerniEnergia is listed on STAR segment of Borsa Italiana S.p.A..

This press release is also available on the Companies website:
www.italeaf.comand
www.ternienergia.com

Certified Adviser

Mangold Fondkommission AB is the Certified Adviser of Italeaf on NASDAQ OMX
First North.

For further information please contact:
Filippo Calisti
CFO - Italeaf S.p.A.
E-mail:calisti@italeaf.com

Mangold Fondkommission AB
Tel. +46 (0)8 5030 1550
info@mangold.se

Italeaf SpA,

established in December 2010, is a holding company and a business accelerator
for companies and startups in the areas of innovation and cleantech. Italeaf
operates as a company builder, promoting the creation and development of
industrial startups in the fields of cleantech, smart energy and
technological innovation. Italeaf has headquarters and plants in Italy at
Nera Montoro (Narni), Terni, Milano and Lecce; has international offices in
London and Hong Kong and a research and development centre in the Hong Kong
Science and Technology Park. The company controls TerniEnergia, listed on the
STAR segment of the Italian Stock Exchange and active in the fields of
renewable energy, energy efficiency and waste management, WiSave in the
"internet of things" field, for the development and production of thermostats
and smart technologies for the remote control of electrical and heating items
of buildings managed through a cloud infrastructure, and Skyrobotic, in the
business development and manufacture of civil and commercial drones in mini
and micro classes for the professional market, Numanova, operating in the
field of innovative metallurgy and additive manufacturing and Italeaf RE, a
real estate company.

PRESS RELEASE
http://hugin.info/162089/R/2013873/746474.pdf

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This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Italeaf S.p.A. via Globenewswire

HUG#2013873

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