EQTEC plc announced that following the appointment of Ian Price as CEO on 6 August 2018, the Company has concluded a review of its strategic business unit Eqtec Iberia SL which is a wholly owned, and the principal operating, subsidiary of EQTEC plc. The strategic review has concluded the following so far: The Company to exert greater direct control over its strategic business unit and will restructure it to shift the near-term focus from business development to pipeline execution to ensure delivery on customer requirements for immediate pipeline opportunities; Eqtec Iberia to continue to respond to Requests for Tender in order to identify core opportunities in energy recovery from waste for the Group; a new strategic alliance with CT3 Ingeniería is being entered into to provide further technical and engineering support to facilitate the Growth Optimisation Plan; headcount of skilled engineering staff to be increased over the coming weeks and months; Yoel Aleman, currently Chief Technology Officer, to separately head up the new engineering function and report directly to the Board of EQTEC plc; and, the appointment of Ian Price and Gerry Madden, currently executive directors of EQTEC plc, as executive directors of Eqtec Iberia SL.