Brief: Concentric's EMP Receives Development Contract From A Global OEM

Concentric AB

08/12/2021 07:06

Dec 8 (Reuters) - Concentric AB  CONIC.ST :
    * EMP, NOW PART OF CONCENTRIC AB, RECEIVES A DEVELOPMENT
CONTRACT
FROM A GLOBAL OEM FOR A HIGH VOLTAGE FAN FOR A FUEL CELL TRUCK
    * PRODUCTION CONTRACT IS SET TO BE WORTH $27M OVER A 5-YEAR
PERIOD.
    * VALIDATION OF PRODUCT WILL COMPETE THROUGH NEXT YEAR AND
PRODUCTION WILL LAUNCH IN 2023.

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