|August 13,2015 Management Agreement|
|Notice of Basic Agreement signed on the exclusive distribution of boilers manufactured by ÖkoFEN (Okofen)|
We are pleased to inform that we entered into basic agreement on the exclusive distribution in Japan of pellet boilers manufactured by ÖkoFEN, with ÖkoFEN Forschungs- und Entwicklungsges.m.b.H. (Austria, CEO: Stefan Ortner, hereunder ÖkoFEN) a leading manufacturer of pellet boilers in Europe, on July 29, 2015 (Wednesday).
ÖkoFEN is a pioneer of pellet boilers in Europe and has been distributing in not only Europe mainly Austria, but also in the United States.
This time, since ÖkoFEN has evaluated higher our business philosophy that emphasizes a commitment to environmental issues, the basic agreement has been concluded with us as ÖkoFEN's first partner for foray to Asia.
We, for the first stage of the business development, will continue to introduce it as a heat source for agricultural house which we have been developing nationwide.
Also, in addition to manufacturing and selling a mobile model of 40 ft container type to local governments and hospitals as an emergency power generation system, we are planning to promote eco-house to significantly reduce the amount of electrical consumption by introducing it to the ready-built houses, as a boiler power generation system for household use - cooling and heating type being developed in collaboration with the house manufacturer.Meantime, a model of air-conditioning corresponding type is unique to Japan and expected to be rare in the world.
In the future, we would like to strengthen the sales organization and promote business development in whole Asia at the foothold of sales in Japan by the advantage of the height of the technical capabilities in biomass power generation and pellet boiler, of both companies.
■Summary of the basic agreement
Date of the basic agreement : July 29, 2015 (Wed)
Agreement gist :
The gist of the basic agreement is that for sale of ÖkoFEN's pellet boilers in Japan, ÖkoFEN promises to fully cooperate ZE Energy as a window to sell the product exclusively.
※Basic transaction agreement is scheduled to conclude by around October 2015, including the above-mentioned contents
■ÖkoFEN - Company Overview
Name : ÖkoFEN Forschungs- und Entwicklungsges.m.b.H.
U R L : http://www.pelletsheizung.at/
Representative : CEO, Stefan Ortner
Location : Gewerbepark 1,4133 Niederkappel · Austria
Business : Manufacture and sale of pellet boilers (Sold : 55,000 units)
ÖkoFEN is the pioneer of the pellet boiler, increasing rapidly the market share by enhancing high technology and services in their business area of whole Europe and the United States since its establishment in 1989.Meantime, the company has been working actively to environmental issues.By installation of 55,000 units of their pellet boilers, a reduction of CO2 totaling 470,000t / year is available.