25 September 2008 Australian Stock Exchange Company Announcements Office Exchange Centre Level 1, 20 Bridge Street Sydney NSW 2000 DiCOM® WINS BID FOR SECOND FACILITY AnaeCo (ASX: ANQ) is pleased to announce that its DiCOM® System has been selected as the successful tenderer by the Barwon Regional Waste Management Group of Councils at Point Henry in South Geelong, Victoria. Following a tender process involving nineteen different organisations from across Australia, a joint bid by AnaeCo and its alliance partner Palisade Infrastructure Fund, has been accepted as the selected tenderer to process all the mixed and green waste for Barwon Regional Waste Management Group of Councils. This group comprises the City of Greater Geelong and the Shires of Surf Coast, Colac Otway and Golden Plains, and the Borough of Queenscliff. Tom Rudas, Managing Director of AnaeCo says: ‘This selection represents further endorsement of DiCOM® technology. Councilors were quick to recognise the advantages of our small-footprint technology, and the benefits of producing “green” electricity and agricultural grade compost which are the main outputs of a DiCOM® facility.’ Cr John Burgess, Chair of the Barwon Region says: ‘The operational advantage of DiCOM® over other technologies is that it does not rely on large machinery. The actual composting occurs in a fully enclosed static container and the only machinery involved are conveyors and pumps that are easy to maintain. Other technologies have involved large machinery component that upon break down are very difficult to repair.’ Construction of the new facility will commence in 2009, with the new waste supply contract to run from 2010 to 2030. The initial facility will process up to 80,000 tonnes of waste materials each year, however an expansion of the facility will be investigated any may enable waste from commercial and industrial properties to be included in the processing. ENDS For further information, please contact: Tom Rudas, Managing Director (08) 9361 4777 AnaeCo Ltd David Michie. Mosaic Reputation Management 0411 453 404
ANQ Price at posting:
6.9¢ Sentiment: Buy Disclosure: Held
