AMERSFOORT, The Netherlands, March 6, 2015 /PRNewswire/ -- Environmental Products Corporation, a wholly owned US subsidiary of Envipco Holding N.V. (EHNV), a public company listed on the NYSE Euronext Brussels (Symbol: ENVI) and a leading provider of recycling systems and solutions to the beverage and retail industries, announces the exclusive award of a new Reverse Vending Machine "RVM" supply and service agreement. The award by a leading Northeast grocery retail chain covers 600 RVMs under a five-year lease term. The retailer will be installing our latest Ultra 48 technology platform in all stores.
This new contract represents a significant endorsement of our latest technology platform and market leading reputation for superior service. The total additional revenues arising from this contract and related services are estimated to be several million US dollars per annum during the five-year period; it will also improve our overall contribution margins. The installations are expected to start in May 2015.
Bob Lincoln, the President of Environmental Products Corporation stated, "With the introduction of Envipco's newest technology and award of this latest contract, we continue our mission to redefine the industry by providing the best technology and service possible. We are thrilled to add this relationship to our growing family of major grocery retailers as we continue our ambitions to become the leading RVM supplier in the US deposit markets."
Envipco Holding N.V. (Envipco), www.envipco.com, is a Netherlands-based holding company listed on NYSE Euronext Brussels (Symbol: ENVI). 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. Envipco's turnkey solutions cover all aspects of beverage container recycling - from recovery, validation, compaction, sorting, transportation and logistics, to accounting for every container, to recycling and processing used beverage containers to ready for conversion into new containers and consumer products. 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.