Opcon: additional order from Snowman of China worth SEK 14 million

Svenska Rotor Maskiner (SRM), the centre of excellence for compressor technology
within Opcon, the energy and environmental technology Group, today received an
additional order for development from the listed Chinese company, Fuijan
Snowman, Co. Ltd., Fuzhou, Fuijan, China. The order, worth SEK 14 million,
concerns development of a further series of modern, energy-efficient cooling
compressors for production in China. In addition there will be licensing
revenues in future spread over 10 years with the option of extending the
contract. Licensing revenues are linked to the customer’s future sales and have
the potential to reach significant amounts.

The order comes as Fuijan Snowman Co. Ltd’s subsidiary, Hong Kong Snowman
Technology Ltd subscribes for a further 30,000,000 shares in Opcon in a direct
placement, raising the company’s ownership in Opcon to 17,2 per cent.

The order is a further stage in the comprehensive development assignment that
Opcon has been performing on Snowman’s behalf since the summer of 2011. In 2013
development sales to Snowman almost tripled to exceed SEK 30 million while
Snowman also became a 10% owner of Opcon in 2013.

All of the development assignments agreed to date and performed for Snowman are
linked, like the order announced today, to licence agreements. Opcon expects the
first license revenues to begin flowing as planned in 2014. Opcon has previously
made the assessment that license revenues from Snowman will rise year on year to
eventually exceed SEK 100 million in total over the next ten years. Today’s
order further reinforces this picture.

“We have a very positive view of the development of our relations with Snowman
as they continue to place major development assignments with us. This further
reinforces the development of the long-term strategic collaboration that has
started and we continue to tie the two companies closer to each other,” says
Rolf Hasselström, President and CEO of Opcon AB.

Svenska Rotor Maskiner AB (SRM) is a part of Opcon's Renewable Energy business
area. In 2008, SRM celebrated 100 years of industrialization and development of
technology for effective and resource-efficient energy usage. SRM was founded in
1908 as AB Ljungströms Ångturbin, in order to develop the double rotation steam
turbine which was invented by Birger Ljungström and that was later sold to what
today is the turbine manufacturer, Siemens Industrial Turbomachinery AB. For
over 100 years, SRM has developed a number of products for the world market and
since the 1930s has developed compressor technologies, with major licensees such
as Howden, Kobe Steel, Atlas Copco, Hitachi, IR, Carrier, York, Trane, Kobelco,
among others. This technological basis today forms an important part of the
Renewable Energy business area's efforts in Waste Heat Recovery and production
of electricity from waste heat, including Opcon Powerbox.
For further information, please contact

Niklas Johansson, vice president, Investor Relations, Opcon AB, tel. 46 8-466 45
00, 46-70-592 54 53

Opcon AB, Box 15085, 104 65 Stockholm, Sweden
Tel. 46 8-466 45 00, fax 46 8-716 76 61
e-mail: info@Opcon.se

www.Opcon.se
The Opcon Group

Opcon is an energy and environmental technology Group that develops, produces
and markets systems and products for eco-friendly, efficient and resource
-effective use of energy.

Opcon has activities in Sweden, Germany and the UK. There are around 150
employees. The company’s shares are listed on Nasdaq OMX Stockholm. The Group
comprises one business area:

Renewable Energy focuses on the following areas: electricity generation based on
waste heat, bioenergy-powered heating and CHP plants, pellets plants, handling
systems for biomass, sludge and natural gas, industrial cooling, flue gas
condensation, treatment of flue gases and air systems for fuel cells.





Opcon AB (publ) is obliged to disclose the information in this press release in
accordance with the Swedish law governing the securities markets and/or trading
in financial instruments.
The information was submitted for publication at 08.45 (CET) on Friday 21
February 2014.