Italy Agreement Softeco Tender

TerniEnergia a smart company listed on the Italian Stock Exchanges electronic share market MTA and part of the Italeaf Group announces that the digital company Softeco Sismat has signed an industrial and commercial partnership with Seaside an Italgas Group company operating in the energy efficiency sector with an integrated offer of consulting financing and proprietary technological solutions.The agreement provides for a synergy between Savemixer the proprietary software of Seaside the energy management support platform for complex multi-user and multi-site systems which allows to perform Business Intelligence Predictive and Big Data Analysis functions and Softecos solutions for the acquisition of production process data with energy meters sensors and monitoring systems. The agreement is aimed at providing energy efficiency and automation solutions for a leading Italian cement group.The partnership between Softeco and Seaside includes the implementation of a proof of concept in the raw materials mill department of a cement factory located in the province of Piacenza for a duration of 12 months and a consideration of Euro 60 thousand.The pipeline of the project if the feasibility check gives the expected results includes the analysis of the entire industrial site with three-yearly maintenance and replication at the other sites including international sites of the cement group. These subsequent phases will be regulated by subsequent contracts even though the agreement envisages a maximum overall value of any job orders of approximately Euro 2.5 million.Once verified over time the effectiveness of the best practices to minimize consumption and maximize quality production Softeco Sismat will proceed in agreement with the customer to the automation phase of imposing optimal parameters on the machines in relation to environmental conditions and production needs.