ArcAroma has extended its existing oliveCEPT® evaluation agreement with olive oil producers in China. Due to the customer's recent adjustments in the production line, a new evaluation is now being started. By placing oliveCEPT® before malaxation, instead of afterwards, the extraction of Extra Virgin Olive Oil (EVOO) is estimated to be able to increase by the corresponding 5% to 10%, which also contributes to a more efficient production process and an improved quality of the end product. The customer will optimize process time for shorter malaxation time during the season and the goal is to reach 10 to 15 minutes, i.e. a process efficiency of 30 minutes. If the agreed targets of the production period are achieved, the sales contract will amount to an order value of EUR 150,000 in the first or second quarter of 2021. In the previous evaluation period, a production increase was noted when oliveCEPT® was placed before the malaxer, but the customer initially notes that the production increase becomes more significant with a placement before the malaxer. If the targets are met during the production period, the evaluation will result in a sales agreement amounting to EUR 150,000 during the first or second quarter of 2021. Details of targets will not be disclosed at this time. The customer is located in the largest production area for olive oil, which accounts for 80% of the total olive oil production in China. The original evaluation agreement was signed in September 2019. ArcAroma Shanghai Ltd. is responsible for the overall project management, which includes installation, operation, personnel training and testing of the machine. China is a growing EVOO market with a larger number of olive trees than there are in Andalusia in Spain. ArcAroma's goal is for oliveCEPT® to become the technology standard in a growing olive oil market.