13.1.2006: Meldung: Ormat Technologies: Agreement with ICQ Energetica s.r.l. of Italy amended
SPARKS, Nev., Jan. 13 -- Ormat Technologies, Inc. today announced that the agreement between an Ormat subsidiary and ICQ Energetica s.r.l. of Italy, for the supply of ORMAT(R) Energy Converter (OEC) systems for Recovered Energy Generation (REG) Plants originally announced in a press release dated November 17, 2005, has been amended. The parties have agreed to change the arrangements between them by extending the period for supply of equipment under the agreement from March 2007 to an unspecified date. Ormat expects to begin production on $2.4M of the original $8.5 million contracted amount within the next few weeks and expects to supply the full amount of the original ICQ order over the next 2 to 3 years, however ICQ is not currently obliged to accept supply beyond the $2.4M referred to above.
Dita Bronicki, President of Ormat Technologies, said "At present we are concentrating our marketing efforts on the industrial REG but are optimistic about the market for REG in biomass installations in Europe, and believe that additional orders for this market will be forthcoming shortly. Presently, 23 countries from California in the USA to Thailand and from Iceland to New Zealand benefit from nearly 800 MW of clean power generated by ORMAT Geothermal and REG Power Plants".
About Ormat Technologies
Ormat Technologies, Inc. is a vertically integrated company primarily engaged in the geothermal and recovered energy power business. The Company designs, develops, builds, owns and operates geothermal power plants and also designs, develops and builds and plans to own and operate recovered energy- based power plants. Additionally, the Company designs, manufactures and sells geothermal and recovered energy power units and other power generating equipment and provides related services. Ormat products and systems are covered by more than 70 patents. Ormat currently has operations in the United States, Israel, the Philippines, Guatemala, Kenya and Nicaragua.
Ormat Technologies Contact: Investor Relations Contact Dita Bronicki Jeff Corbin/Todd Fromer CEO and President KCSA Worldwide +1-775-356-9029 212-896-1214/212-896-1215 firstname.lastname@example.org email@example.comfirstname.lastname@example.org