Brief: Powercell Signs Memorandum Of Understanding With Zeroavia For Series Deliveries Of Fuel Cell Stacks

Powercell Sweden AB (publ)

18/07/2022 05:06

July 18 (Reuters) - Powercell Sweden AB (publ)  PCELL.ST :
    * SIGNED A MEMORANDUM OF UNDERSTANDING, MOU, WITH UK COMPANY
ZEROAVIA CONCERNING SERIES DELIVERIES OF 100-KW FUEL CELL STACKS
STARTING IN 2024
    * POWERCELL SIGNS MEMORANDUM OF UNDERSTANDING WITH ZEROAVIA
FOR
SERIES DELIVERIES OF FUEL CELL STACKS
    * CURRENTLY ESTIMATED THAT A FINAL AGREEMENT COULD INCLUDE
DELIVERY OF 5,000 UNITS OVER A FIVE-YEAR PERIOD
    * FINAL COMMERCIAL TERMS WILL BE NEGOTIATED IN NEXT PHASE
    * PARTIES' AMBITION, IN ACCORDANCE WITH MOU, IS TO REACH A
FINAL
AGREEMENT IN Q3 OF 2022

Source text for Eikon:  ID:nWkrhSrc6 
Further company coverage:  PCELL.ST 

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