CMPC signs six-year commercial agreement with Sweden's OptiCept Technologies for OptiBoost for cuttings; 2024 focus is on treatment of high-yielding cuttings and developing the concept towards CMPC's annual production of 20 million cuttings

Sample article from our Forestry & Timberland

LUND, Sweden , September 29, 2023 (press release) –

OptiCept Technologies has today completed negotiations with CMPC in Chile. The parties have entered into a commercial agreement for OptiBoost for cuttings that runs for 6 years. The focus in 2024 is on the treatment of high-yielding cuttings and on developing the concept together with CMPC towards their annual production of 20 million cuttings.

The 6-year agreement is based on OptiCept's regular price list. For 2024, the companies have agreed on a minimum level of 500,000 cuttings and to work together to develop the method against CMPC's total production.

CMPC is one of the world's largest pulp and paper companies. The company has 17,000 employees and is a listed company with sales of approximately EUR 2021.6 billion in 5. Operations include forestry, pulp, paper and paper products. The company plants out about 20 million cuttings annually.

"We have created a very good relationship with CMPC who see great value in OptiBoost. We will be able to work closely with a customer to develop and optimize the technology further. At the same time, we are guaranteed revenues and a volume that in the long run can increase significantly. Of course, this will also affect other forest companies that are currently considering OptiBoost for their business." Says Thomas Lundqvist, CEO, OptiCept Technologies.

Within Eucalyptus alone there is a very attractive market potential. It is estimated that approximately 3-4 billion Eucalyptus trees are rejuvenated globally each year. OptiCept estimates that 30 percent of these trees originate from a cutting and the rest from seed sowing. OptiCept learns that the industry has the ambition to increase the proportion of cuttings in its production, which can be made possible with the help of OptiCept's technology. Customers pay 25-50 ├Âre per treated cutting. This potential is now being actively processed by OptiCept's agent network.

Contacts


For further information, please contact:

Thomas Lundqvist, CEO
+46 73 268 05 70
Thomas.Lundqvist@opticept.se

About us


OptiCept Technologies AB (publ), 556844-3914 provides the food and plant industry with high-tech solutions that contribute to a more sustainable world and enable climate-smart economic growth. OptiCept optimizes biological processes - Increased extraction from the raw material, extended shelf life, reduced waste and improved quality (taste, smell, color, nutritional content) of the end product. The positive effects of the technology provide both economic benefits for the customer, better products for the consumer and less impact on our environment.

Through patented technology in PEF (pulsed electric field) and VI (Vacuum Infusion), we open up new business opportunities for the food and plant propagation industry worldwide. OptiCept's vision is to contribute to a more sustainable world through groundbreaking technology for the food and plant industry.

The company is located in Lund and the share is traded on Nasdaq First North Growth Market. The company's Certified Adviser is Erik Penser Bank.

For further information:
OptiCept Technologies official website

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