In the autumn of 2022, OptiCept entered into an agreement with CMPC in Chile and started a pilot project regarding OptiBoost for the treatment of Eucalyptus cuttings with the ambition to develop their cutting production using the OptiBoost technology.

After the evaluation now is completed with good results, CMPC has declared its intention to enter into a commercial ongoing contract for the treatment of cuttings.

Discussions are held that initially high-yielding cuttings, which generally have a lower survival rate, should be treated. Contract discussions are now being initiated.

CMPC is one of the world's largest pulp and paper companies. The company has 17,000 employees and is a listed company with a turnover of approx. 6.5 billion Euros in 2021. The business includes Forestry, pulp, paper and paper products. The company plants around 20 million cuttings annually.

"CMPC sees great value in OptiBoost. Now follows another contract negotiation with a world-leading forestry company, and we are of course very satisfied with that. The industry is now validating the technology and of course the leading players such as CMPC influence the entire industry". Comments Thomas Lundqvist, CEO OptiCept Technologies.

Within Eucalyptus alone, there is a very attractive market potential. It is estimated that around 3-4 billion Eucalyptus trees are rejuvenated globally every year. OptiCept estimates that 30 percent of these trees originate from a cutting and the rest from seed sowing. OptiCept understanding is that the industry's ambition is to increase the proportion of cuttings in its production, which can be made possible with the help of OptiCept's technology. Customers pay 0,025-0,050 EUR per treated cutting. This potential is now being actively processed by OptiCept's agent network.