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Joint Press Release


7 November 2023

Jesi, Ancona, Italy

Roldan, Santa Fe, Argentina


PRESS RELEASE

JM Enterprise SRL (Italy) and Danes SRL (Argentina) announce partnership to expand aviation fuelling equipment construction & sales in LATAM

Today, JM Enterprise SRL and Danes SRL announced a partnership to expand into the aviation refueller manufacturing market in LATAM. Under this agreement, JM Enterprise will function as Commercial Support & Technology Partner, while Danes will take on the role of Construction and Sales Partner, jointly offering aviation refuelling equipment solutions in the region.

JM Enterprise SRL is an Italian-based company specializing in the design, construction, refurbishment, and servicing of road tankers, aircraft refuellers, and hydrant dispensers, fuel hydrant system technicals, and semi-mobile airport fuelling infrastructure for the civil & military industrial and aviation industry.

Danes SRL is the leading company in South America for Aluminum Road Tankers and Agricultural and road refuellers. Additionally, DANES produces Dry bulk transport equipment, and steel and stainless steel road tankers.

Everaldo Santa Cruz, CEO of Danes SRL , commented, "We've been contemplating the expansion into an adjacent business segment alongside our road tanker construction. Given the niche nature of the aviation refueller market, with its unique design and construction challenges, we recognized the value of partnering with a reputable European refueller truck manufacturer. By collaborating with JM, we also benefit from a dedicated team that's ready and enthusiastic about supporting this venture."

Alexandru Sturza, Chairman & CEO of JM Enterprise SRL, remarked, "As part of our ongoing strategy to increase our presence in both current and new markets, we've explored multiple ways for LATAM expansion. We are thrilled to partner with Danes SRL, a leading company in the LATAM road tanker construction industry, and a partner known for its reliability. This collaboration enables us to introduce our profound European design expertise to the LATAM market while leveraging Danes' high-quality construction standards."

Agustin Echarte & Federico Roth, Managing Partners of Danes SRL,also weighed in:

Agustin said, " Given the region's aviation growth, doubling North America's rate and expecting 2,000 new aircraft by 2035 and projections indicating the delivery of 2,000 new aircraft by 2035, the need for efficient refuelling solutions is undeniable. By venturing into this complementary business area, we are well-positioned to address the rising demand in our region."

Federico added, "Our current footprint in the LATAM region, encompassing production, sales, and services for our road tanker business, positions us strongly to seamlessly introduce a parallel set-up for the aviation refueller market."

Dania Marconi & Pieter Van Espen, representing the main shareholders of JM Enterprise SRL (Marconi family and UPLIFT INTERNATIONAL BV, respectively):

Dania commented, "We are both delighted to build upon the 50+ year legacy of JM Enterprise, which boasts the design and construction of over 7,000 vehicles. Expanding JM's reach into previously inaccessible markets is a significant step forward."

Pieter added, "Instead of shipping complete units to overseas markets, our approach of transferring technology and retaining local production aims to offer aviation refuelling solutions to the LATAM market in the most sustainable and cost-effective manner. This aligns seamlessly with UPLIFT INTERNATIONAL’s vision of delivering sustainable solutions to the aviation industry."

About JM Enterprise

JM Enterprise SRL, based in Italy, specializes in the design, construction, refurbishment, and servicing of road tankers, aircraft refuellers, and hydrant dispensers, as well as semi-mobile airport fuelling infrastructure for the civil & military industrial and aviation industry. It offers custom-made and sustainable solutions, including the development of electric-driven vehicles based on state-of-the-art technologies.


Contact:

Alexandru Sturza, chairman & CEO,

JM Enterprise SRL, Via Fontedamo, 3 60035 Jesi (AN), Italy.

Contact: +39 0731 380283



About Danes

Danes SRL is the leading company in South America for Aluminum Road Tankers, Agricultural and road refuellers, and also produces Dry bulk transport equipment, and steel and stainless steel road tankers.

Contact:

Everaldo Santa Cruz, CEO,

Danes SRL, Ruta A012 Km 52, Roldan, Santa Fe, Argentina.

Contact: +54 9 341 6647886

Website: www.danes.com.ar

LinkedIn https: DANES S.R.L.

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