ZhongDe Waste Technology AG announces cooperation agreement with Veolia

Hamburg, (PresseBox) - ZhongDe Waste Technology AG [Ticker ZEF] announced today that ZhongDe Group ("ZhongDe") has signed a cooperation agreement with Veolia Environmental Services China Limited. The cooperation covers bidding, management and operation of waste incineration projects with electricity generation with a focus on BOT.

Veolia Environnement is the world leader in environmental services with revenues of € 32.6 billion in 2007 and lists No.185 of the world's top 500 companies. ZhongDe as a rapidly developing local player in the Chinese environmental protection industry is familiar with the local market needs and provides an own advanced and well adapted technology.

CEO Zefeng Chen comments: "This cooperation agreement with an internationally operating and renowned brand is a further milestone on our way to successfully implement our long-term strategy to extend the value chain to generate stable revenues and cash flows as well as to expand our business model to the larger incinerator segment. We see this as a huge step to furthermore strengthen our marketing power and to increase our exposure to an international BOT management skill set. I'm convinced that both partners will benefit from our joint approach to further develop the environmental protection industry in China."

ZhongDe Waste Technology AG

ZhongDe Group designs, manufactures and installs pyrolytic, grate and rotary kiln waste incinerators for the disposal of solid medical, municipal and industrial (including hazardous) waste. Since 1996, ZhongDe Group has installed approximately 180 waste incinerators in about 13 provinces, and more than 120 waste incinerators in the last three financial years alone. Its waste incinerators are principally constructed for operators of medical disposal centres in the hospital and healthcare industry, as well as for small and midsized Chinese cities in developed areas of the People's Republic of China. ZhongDe Group is one of the leading suppliers of small and midsized solid waste incinerators in China, supplying state-of-the-art products. The trading of the shares (German Securities Identification Number ZDWT01, ISIN DE000ZDWT018 and ticker symbol ZEF) commenced on the Prime Standard segment of the Frankfurt Stock Exchange on July 6, 2007.

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