Amersfoort, The Netherlands – February 3, 2022 – Envipco, a global provider of recycling systems and reverse vending machines (RVMs), has been awarded a USD 3.0 million sales order from a leading national retailer. Deliveries under the contract are expected to be fully installed during 2022. Envipco has steadily grown its presence with this retailer over the past several years, utilizing the company’s broad range of RVM technology platforms.
“This speaks to the successful investments we have made in our RVM technology and the strength of our service organization. Envipco has strong representation with this retailer across all existing deposit return system markets and is in a strong position as new DRS markets are being actively discussed”, says Bob Lincoln, US President of Envipco.
Positive developments in legislation for deposit return systems (DRS) create exciting new business opportunities in North America and will require retailers to install more RVM machines in both existing and new markets in the years to come. Envipco builds on a strong position in the US market and runs targeted campaigns towards US DRS markets to capitalize on these developments. This is a key element in the company’s communicated strategy for accelerated growth both in North America and new markets in Europe.
For further information please contact:
Derk Visser, Group CFO Envipco Holding N.V.
Telephone: +31 33 2851773
About Envipco Holding N.V.
Envipco Holding N.V. (Envipco), www.envipco.com, is a Netherlands-based holding company listed on Euronext Amsterdam and Euronext Oslo Growth (Symbols: ENVI/ENVIP). Envipco, with operations in several countries around the globe, is a recognized leader in the development and operation of reverse vending machines (RVMs), automated technological systems for the recovery of used beverage containers, contributing to creation of a cleaner world for future generations through recycling technologies and the commitment value creation for all stakeholders. Known for its innovative technology and market leadership, Envipco holds several intellectual property rights for RVM systems, including but not limited to beverage refund deposit markings, material type identification, compaction and accounting.
This information is subject to the disclosure requirements pursuant to EU Market Abuse Regulation article 19 and the Norwegian Securities Trading Act § 5-12.