Press Release 2023-02-10

FRI, FEB 10, 2023 12:15 CET

BPC Instruments AB (“BPC” or the “Company”) has received a purchase order from a Korean consortium consisting of five companies and a university for the delivery of multiple products of the Company’s flagship analytical instruments with a total order value of over 81 000 Euro.

BPC has received an order of three AMPTS^® systems, two BioReactor Simulator systems, and one Gas Endeavour^® via its South Korean distributor – Youngchang Turbotech. The order, with a total order value of over 81 000 Euro, comes from a Korean consortium consisting of five companies and a university for the same governmental funded biogas industrial research and development project. The revenue from the order is expected to be included in the first quarter of this year.

CEO of Youngchang Turbotech, Chang Kim comments:

“Since the beginning of 2022, there has been a clear trend of increasing funding support for developing technologies for sustainable development in South Korea. This includes both renewable fuel development, such as biogas and biohydrogen, and the development of new biodegradable materials for eliminating plastic pollution. This positive trend is expected to be continued for years. There is also an increasing recognition and credability of BPC’s automated analytical instruments in the Korean market through word of mouth. Our existing Korean customers also act as great references for new potential clients and accelerate this positive development. The current purchase order is a good example of the recent success in the Korean market.”

CEO Dr. Jing Liu comments:

“The market demand for the development of renewable fuel and new materials for replacing plastics is rapidly increasing in many countries around the world. Feedstock quality control and analysis are critical in ensuring full-scale stable and efficient biogas/biomethane production. Analytical instruments such as AMPTS^®, Gas Endeavour^®, and BioReactor Simulator from BPC can be important tools for Korean biogas plants to optimize biogas production processes and ensure stable plant operation by selecting innovative biomass sources and controlling the quality of receiving feedstock. I’m excited to see the very positive development trend of our market penetration in the South Korean market since the beginning of 2022. Biogas and biodegradability sectors are the main driving force for this growth. The current order is certainly a clear indication of this continuous trend of market penetration in the Korean market.”