Enviro provides information on partnership with Michelin and long-term ambition

In the virtual information disclosure to be published by Scandinavian Enviro Systems (publ) (“Enviro” or “The Company”) today, March 2 at 4:00 p.m. the company will respond to questions on subjects that include the license agreement with Michelin. In the information disclosure, Enviro will also report on how the partnership with Michelin is relevant from a strategic perspective and what the company’s long-term plans are.

N.B. The English text is an in-house translation of the original Swedish text. Should there be any disparities between the Swedish and the English text, the Swedish text shall prevail.

The virtual information disclosure has been arranged to provide Enviro’s shareholders and the capital market the opportunity to ask questions and obtain additional information ahead of the Extraordinary General Meeting which is to be held on 9 March 2021. The information disclosure will be published today, March 2 at 4:00 p.m. in the form of a video-recorded meeting. Representatives of the company’s management and Board of Directors will participate in the meeting, including the company’s CEO Thomas Sörensson and its Chairman, Alf Blomqvist.

Several questions have been submitted regarding the license agreement with Michelin and in this regard, the company’s observations included the following:

Apart from the company responding to questions regarding the agreements with Michelin, Enviro’s Chairman, Alf Blomqvist, also reports on how the partnership with Michelin is relevant from a long-term strategic perspective and for the company’s expansion going forward. Blomqvist’s observations includes the following:

The reason for the Extraordinary General Meeting to be held on 9 March is the fact that Michelin is to be regarded as a closely related party due to its large shareholding in Enviro. To enable the agreements that form the basis of the strategic partnership with Michelin to take effect, they must first be adopted by an Extraordinary General Meeting. On 16 February, Enviro published notice of an Extraordinary General Meeting on 9 March 2021, which will be conducted using a postal ballot due to the pandemic.

Notice of the said Extraordinary General Meeting was published separately on 16 February and is available on the company website via the following link: https://www.envirosystems.se/app/uploads/NOTICE1.pdf

For further information, please contact: 
Thomas Sörensson, CEO of Enviro, +46 (0)735-10 53 43, thomas.sorensson@envirosystems.se
Urban Folcker, Enviro CFO, +46 (0)760-00 13 11, urban.folcker@envirosystems.se
Alf Blomqvist, Chairman of the Board of Enviro, +46 (0)733 149 700, alf@blomqvistunlimited.com

Mangold Fondkommission AB, +46 (0)8 503 01 550, ca@mangold.seis Enviro’s Certified Adviser on Nasdaq First North Growth Market Stockholm.

Scandinavian Enviro Systems AB 
Herkulesgatan 1K
SE-417 01 Gothenburg


Enviro is a company developing, building and operating industrial plants for material recovery from End of Life Tyres (ELT). The company has developed a process, based on a patented technology, where gas generated in the process is heating the tyres in absence of oxygen. This enables the materials in the tyres to decompose and be recovered instead of incinerated. Thus, a sustainable recovery of the resources Carbon black, Oil, Steel and Gas is obtained. The products are used in new products, replacing fossil resources to help the customers reach their sustainability targets. Enviro was founded in 2001, has its head office in Gothenburg and runs its own plant for ELT tyres in Åsensbruk, Sweden. The company is listed on the Nasdaq First North Growth Market with Mangold Fondkommission AB, tel. +46 (0)8 5030 1550, ca@mangold.se, as its Certified Advisor. www.envirosystems.se