Opcon Powerbox to be installed on Wallenius ship - fuel saving of up to 6%

Opcon Powerbox to be installed on Wallenius ship - fuel saving of up to 6%

Opcon, the energy and environmental technology Group, has signed an agreement
with Wallenius Marine concerning a first reference installation of Opcon
Powerbox on one of Wallenius' ships. The initial installation, which aims to
utilise waste heat for production of electricity onboard, is expected to achieve
a fuel saving of between four and six per cent and will be the first
installation of Opcon Powerbox onboard a ship. 

“We expect major environmental gains from this. Just Wallenius' own vessels
consumes about 200 000-250 000 tons of bunker fuel a year. A fuel saving of
between four and six per cent means that we cut emissions of carbon dioxide with
about 37 000 tons a year and sulphur dioxide with some 150 tons a year” says Per
Croner, CEO of Wallenius Marine AB.

The agreement follows a long period of co-operation during which the conditions
for installing Opcon's technology for producing electricity from waste heat
onboard Wallenius' ships have been studied. 

“The opportunities that Opcon Powerbox offers for utilising waste heat and
reducing fuel consumption onboard our ships are among the most interesting we
have seen in this field. A fuel saving of between four and six per cent is
considerable in this context. In future we see opportunities to use this
technology and make savings of up to ten per cent. We aim to install Opcon
Powerbox on all of our new vessels and on most of our existing ones in future.
We want to be among the leaders in the shipping sector in reducing energy
consumption and cutting emissions,” says Per Croner, CEO of Wallenius Marine AB.

Wallenius Marine has responsibility for crewing, operation, technical and
environmental development of the Wallenius fleet and for EUKOR Car Carriers in
their programme of new construction. Through subsidiaries and together with
partners, Wallenius controls more than 150 vessels.

“This agreement marks a breakthrough for Opcon in the marine sector, which has
every prospect of becoming one of the most prominent market segments for Opcon
Powerbox in the long term. It is very significant for us to gain Wallenius, with
its vast experience and its publicised aim of improving energy efficiency and
environmental impact, as our first customer in the marine sector. We are also
now gaining an opportunity to test and verify the improvements in energy
efficiency offered by the system while a vessel is in operation. Wallenius
Marine has been considered a pioneer in marine technology development for many
years,” says Rolf Hasselström, President and CEO of Opcon.

Wallenius will pay for the installation costs and pay for supplied electricity
during the test period. The aim is to complete an installation by the autumn of
2011 at the latest either on a new vessel or on an existing one.

Large ships currently consume large amounts of fossil fuels in operation, which
means that reduced consumption will directly cut emissions of carbon, NOx and
sulphur. There are currently around 16,000 registered vessels in the world with
output above 10 MW of power. The entire global commercial shipping fleet is
considered to account for between four and five per cent of global carbon
emissions.


For further information, please contact
Niklas Johansson, vice president, Investor Relations, Opcon AB, tel. +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, China, Germany, the UK and Denmark. There are
around 380 employees. The company's shares are listed on Nasdaq OMX Stockholm.
The Group comprises three business areas:

Renewable Energy focuses on generating electricity from waste heat, bioenergy,
systems for handling natural gas, industrial cooling, recycling of heat, drying
of biomass, treatment of flue gases, handling systems for biomass, etc., air
systems for fuel cells and measurement and monitoring of processes. 
Engine Efficiency focuses on ignition systems for combustion engines including
ethanol, natural gas and biogas engines. 
Mobility Products focuses on technology for positioning, motion and regulation
for electrical vehicles, electrical wheelchairs and hospital beds. 

About Wallenius

Wallenius is one of the world's leading shipping companies in the car carrier
and RoRo market and together with partners, Wallenius controls more than 150 car
carriers and RoRo vessels. Approx. 40 vessels are wholly or part-owned. 

Wallenius Marine is responsible for ship management, technical service,
newbuilding, rebuilding and environmental expertise for the Wallenius vessels
with some 1 000 emplyees onboard and ashore.