Du är här

2014-04-07

Outotec Oyj: Outotec acquires premium coated titanium anode business of Republic Alternative Technologies Inc.

OUTOTEC OYJ PRESS RELEASE APRIL 7, 2014 at 2.00 PM

Outotec acquires premium coated titanium anode business of Republic
Alternative Technologies Inc.

Outotec has acquired the business and IPRs of Republic Alternative
Technologies Inc., a premium coated titanium anode engineering and
fabrication company based in Cleveland, Ohio, USA. The acquisition
complements Outotec's offerings for sustainable electrowinning plants and
supports the company's strategy to grow its service business through
providing life-cycle solutions to the customers. The transaction was
completed on April 4, 2014. The acquisition price is not disclosed.

Republic Alternative Technologies is the world's first producer of innovative
mixed metal oxide coated titanium anodes, which are used as an alternative to
conventional lead anodes in electrowinning operations to produce copper, zinc
and other metals. Thanks to low cell voltage, these coated titanium anodes
consume 7 to15 percent less energy than conventional lead anodes. They are
currently used in industrial copper electrowinning plants in Arizona, New
Mexico and South America.

Republic Alternative Technologies has 18 employees and its sales in 2013 were
approximately 9 million euros. Outotec plans to commercialize the application
of coated titanium anodes also in zinc and nickel electrowinning processes
and believes that the business has substantial growth potential worldwide.

"Republic Alternative Technologies is a relatively young company that has
strongly focused on development of sustainable solutions. Their premium
anodes fit seamlessly with Outotec's electrowinning technology and service
offerings. By combining the expertise of Republic Alternative Technologies
and Outotec we can offer our wide customer base comprehensive life cycle
solutions. There are good opportunities to multiply the business volume of
the coated titanium anodes in copper processing and commercialize
applications to other metals", says Outotec's CEO Pertti Korhonen.

For further information please contact:

OUTOTEC

Robin Lindahl, President - Metals, Energy&Water business area
Tel. +49 6171 9693100

Eila Paatela, Director - Corporate Communications
Tel. +358 20 529 2004, mobile +358 400 817198

Emails: firstname.lastname@outotec.com

DISTRIBUTION:
Main media
www.outotec.com

---------------------------------------

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: Outotec Oyj via Globenewswire

HUG#1775043

Författare Hugin

Tala om vad ni tycker

Tala om vad ni tycker

Ni är just nu inne på en betaversion av nya aktiespararna. Lämna gärna feedback på vad ni tycker i formuläret nedan.