Brief: Azelio Initiates Collaboration In Oman

Azelio AB

20/12/2019 11:12

Dec 20 (Reuters) - Azelio AB  AZELIO.ST :
    * AZELIO INITIATES COLLABORATION IN OMAN
    * INITIAL PROJECT IS A SYSTEM OF 50 KW WITH 13 HOURS OF
STORAGE,
INTENDED TO BECOME OPERATIONAL IN 2021 IN OMAN
    * AZELIO AND OMANI COMPANY AL MASHANI SIGNED MOU TO JOINTLY
WORK
ON ESTABLISHING A SMALL-SCALE PROJECT IN OMAN.
    * BASED ON OUTCOME OF FEASIBILITY STUDY, FINANCIAL TERMS FOR
THIS
INITIAL PROJECT AND FOLLOWING PROJECTS WILL BE DETERMINED
    * AZELIO WILL RECEIVE SOME REVENUE FROM INITIAL PROJECT BUT
IT IS
PRIMARILY OF STRATEGIC IMPORTANCE
    * WILL RECEIVE SOME REVENUE FROM INITIAL PROJECT BUT IT IS
PRIMARILY OF STRATEGIC IMPORTANCE.

Source text for Eikon:  ID:nWkr6CxWvt 
Further company coverage:  AZELIO.ST 

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