Envipco has been selected by MOL Group to deliver and install RVMs during 2023 & 2024 as part of the DRS in Hungary, which is planned to operate from early 2024. The initial order will be approximately 2,300 machines along with a future expansion opportunity of an additional 2,000 machines as part of a multiyear roll-out across the country. After a robust international competitive process, this selection represents a strong validation of Envipco's RVM technology portfolio, supported by its new Romanian production capability.

As a global provider of recycling systems and reverse vending machines, Envipco has a clear growth strategy, targeting new emerging DRS markets in Europe. As part of the growth strategy, the company is building commercial networks within targeted markets. The MOL contract adds to a series of recent awards, confirming the company's position as a recognized leader in the development and operation of RVMs in the recovery of used beverage containers.