Eqtec shares surge on launch of French subsidiary; partners with SEPS

(Alliance News) - Eqtec PLC said on Monday it launched a subsidiary company in France and ...

Alliance News 14 March, 2022 | 10:54AM
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(Alliance News) - Eqtec PLC said on Monday it launched a subsidiary company in France and completed a collaboration agreement for the handling of contaminated plastic waste.

Shares in Eqtec were up 23% at 0.98 pence on Monday morning in London.

The Cork, Ireland-based waste-to-value technology company said it formally entered the French market through the establishment of a wholly-owned subsidiary, Eqtec France SAS.

Eqtec said the new subsidiary represents "another step in the company's formalisation of go-to-market entities to support deployment of its technologies and manage local pipelines, partnerships and projects in a number of geographies."

In addition, Eqtec signed a strategic collaboration agreement with Revel, France-based industrial waste recycling specialist SEPS SAS. The agreement is to develop contaminated waste treatment plants.

By Heather Rydings; heatherrydings@alliancenews.com

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Securities Mentioned in Article

Security Name Price Change (%) Morningstar
Rating
EQTEC PLC 0.48 GBX 0.00 -

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