Citaglobal Bhd has entered into a binding term sheet with German Waste-to-Energy (WTE) technology & engineering company, LAWI Engineering GmbH (LAWI Germany) for exclusive discussions and collaboration to offer LAWI Germany's technical and engineering solutions which consist of its patented combustion system, boiler engineering and design, LAWI EtaComb, LAWI EtaPlant and LAWI EtaLogic to waste management projects identified and targeted by Citaglobal and its affiliated entities.

Founded in 1996, LAWI Germany is a reputable and leading technology and engineering player in the design and construction of high-efficient systems for the thermal utilization of solid waste. The company is owned by sole shareholder and founder Dieter Langer, a German national. Its expertise lies in renewable power plant technology, particularly in WTE. LAWI Germany has completed more than 50 power plant projects with a 100% success rate over the last three decades in Southeast Asia, Korea, and Europe.

The exclusive collaboration between Citaglobal and LAWI Germany will enable the parties to monetize the licensing of LAWI Germany's technology/products to potential partners, besidesproviding the usual suite of engineering services.Citaglobal has recently set up a new Waste Management Division for waste management and related businesses of the Group, which is a spin off from the collaboration between Citaglobal and Shanghai SUS Environment Co., Ltd. group (SUS).

In mid-July this year, Citaglobal had entered into a joint development framework agreement (JDFA) with SUS Holding Limited, an indirect wholly-owned subsidiary of SUS, a China government-linked entity, to develop WTE projects in Pahang and biomass project in Malaysia.The exclusive collaboration and potential investment in LAWI Germany will be under this Waste Management Division.