OTI Gre­en­tech AG enters into dis­tri­bu­ti­on agree­ment with Wolf­tank Adisa GmbH

OTI Gre­en­tech AG (ISIN DE000A2TSL22), an inter­na­tio­nal pro­vi­der of inno­va­ti­ve and sus­tainab­le che­mi­cals and ser­vices for indus­tri­al app­li­ca­ti­ons listed on the Düs­sel­dorf stock exchan­ge, has entered into a dis­tri­bu­ti­on agree­ment with Wolf­tank Adisa GmbH.

OTI Gre­en­tech AG´s ope­ra­ting sub­si­dia­ries, OTI Gre­en­tech Inno­va­ti­ve Solu­ti­ons AG and Uni­ser­vice Unisafe Srl have entered into a dis­tri­bu­ti­on agree­ment with Wolf­tank Adisa GmbH, a 100% sub­si­dia­ry of Wolf­tank-Adisa Holding AG, an Aus­tri­an envi­ron­men­tal tech­no­lo­gy group for tank systems and soil reme­dia­ti­on listed on the Munich and Vienna stock exchan­ge.  Pur­suant to the agree­ment, Wolf­tank Adisa has been appoin­ted as the exclu­si­ve dis­tri­bu­tor in selec­ted Euro­pean coun­tries, as well as China and Russia, of OTI Greentech´s inno­va­ti­ve ECOSOLUT product line for use in the clea­ning and refur­bis­hing of static tanks within the land-based petro­che­mi­cal indus­try such as refi­ne­ries, tank farms and fuel dis­tri­bu­ti­on facilities.

The agree­ment is for an inde­fi­ni­te term with expec­ted reve­nues to OTI Gre­en­tech of at least EUR 300k in the first 12 months.

Joe Arm­strong, CEO of OTI Gre­en­tech com­men­ted “We are deligh­ted to be part­ne­ring with a fast growing inno­va­ti­ve company such as Wolf­tank Adisa to help us incre­a­se the dis­tri­bu­ti­on of our very effec­ti­ve and envi­ron­ment­al­ly friend­ly ECOSOLUT product range into static tank clea­ning and refur­bis­hing app­li­ca­ti­ons in the petro­che­mi­cal industry.”

“We are very happy to coope­ra­te with OTI Gre­en­tech AG, given their excel­lent and inno­va­ti­ve pro­ducts. Tog­e­ther we will be able to enlarge our acti­vi­ties in the tank refur­bis­hing area, fueled by the rising demand in the Asian and Eastern Euro­pean coun­tries, said Dr. Markus Lechtha­ler, Mana­ging Direc­tor at Wolf­tank-Adisa GmbH”.

About OTI Gre­en­tech AG

OTI Greentech´s paten­ted sur­fac­tant based tech­no­lo­gy pro­vi­des inno­va­ti­ve sus­tainab­le and cost-effi­ci­ent solu­ti­ons for various indus­tri­al clea­ning chal­len­ges, with poten­ti­al for app­li­ca­ti­on in land reme­dia­ti­on. Through its sub­si­dia­ries OTI Gre­en­tech Inno­va­ti­ve Solu­ti­ons and Uni­ser­vice Unisafe, OTI Gre­en­tech has more than 30 years of expe­ri­ence. OTI Gre­en­tech Inno­va­ti­ve Solu­ti­ons offers inno­va­ti­ve, envi­ron­ment­al­ly friend­ly pro­ducts and solu­ti­ons for the clea­ning and deco­n­ta­mi­na­ti­on of oil-based con­ta­mi­nants, and is the owner of the paten­ted ECOSOLUT product line. Through Uni­ser­vice Unisafe a full range of pro­ducts and ser­vices are pro­vi­ded to the global ship­ping indus­try in all major ports world­wi­de. Through its joint venture in the USA, the group offers inno­va­ti­ve, sus­tainab­le and tailor-made solu­ti­ons to its cus­to­mers in land-based indus­tri­al clea­ning.  The OTI Gre­en­tech group cur­r­ent­ly has over 20 employees in Europe and the USA.  The shares of OTI Gre­en­tech AG are listed on the Düs­sel­dorf Stock Exchan­ge (WKN A2TSL2).  Cor­po­ra­te head­quar­ters are located in Berlin, Germany.

About Wolf­tank Adisa GmbH

Wolf­tank-Adisa Holding AG is the parent cor­po­ra­ti­on of an inter­na­tio­nal group of com­pa­nies focu­sing on the reme­dia­ti­on and moni­to­ring of petro­che­mi­cal tank farms and envi­ron­men­tal pro­tec­tion ser­vices for con­ta­mi­na­ted soils and faci­li­ties. The paten­ted app­li­ca­ti­on tech­no­lo­gy, based on high-tech, in-house deve­lo­ped epoxy resins, enables a cost-effec­ti­ve and rapid reha­bi­li­ta­ti­on of defec­ti­ve tank systems in refi­ne­ries tank farms and gas sta­ti­ons, inclu­ding remote moni­to­ring and ensu­ring busi­ness con­ti­nui­ty during our operations.

Wolf­tank-Adisa Holding AG (ISIN: AT0000A25NJ6; WKN: A2PBHR) is trading on the Munich Stock Exchan­ge and is also listed on the Vienna Stock Exchan­ge in the
direct market plus segment.

 

Here you find this cor­po­ra­te news as a download:

About Wolftank Group

Wolftank-Adisa Holding AG is the parent company of an international group of companies focusing on the turnkey construction of modular hydrogen and LNG refuelling facilities, environmental protection services for polluted soils, facilities and waters, refurbishment and monitoring of (large) tank facilities as well as full-service engineering services for fuel supply facilities. The company is active worldwide and has various patented application technologies.

Note: All requirements of the Austrian Stock Exchange Act regarding the requirement of a formal admission of financial instruments for trading and issuer obligations on a regulated market for financial instruments traded on the Third Market do not apply, but in particular the requirements set out in Art. 17 (Publication of Insiders, Contract participation “direct market plus” | December 2018), Art. 18 (Insider Lists) and Art. 19 (Directors dealing) of the Market Abuse Ordinance (VO (EU) No. 596/2014) in connection with the obligations laid down in the respective national legal rules pursuant to the Stock Exchange Act and the prohibitions of Art. 14 (Insider Trading) and Art. 15 (Market Manipulation) of the Market Abuse Ordinance (VO (EU) No. 596/2014) in connection with the respective national legal rules pursuant to the Stock Exchange Act do apply.

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