Brief: Swedish Stirling Enters Final Negotiations Regarding New Pilot Facility Agreement

Swedish Stirling AB

12/12/2019 07:53

Dec 12 (Reuters) - Swedish Stirling AB  STRLNG.NGM :
    * SWEDISH STIRLING IN FINAL NEGOTIATIONS REGARDING NEW PILOT
FACILITY AGREEMENT
    * FACILITY IS INTENDED TO BE COMMISSIONED DURING Q2 2020.
    * AGREEMENT, WHICH IS AGREED IN ALL PRINCIPAL MATTER AND
ANTICIPATED TO BE ENTERED INTO WITHIN NEXT FEW DAYS, CONCERNS
INSTALLATION OF A PILOT FACILITY WITH ONE PWR BLOK AT A SMELTER
IN SOUTH AFRICA
    * AGREEMENT WILL RUN FOR THREE YEARS FROM DATE FACILITY IS
OPERATIONAL
    * AGREEMENT WILL PROVIDE SWEDISH STIRLING WITH REVENUE
RUNNING TO
JUST UNDER MSEK 2/YEAR (KEUR 180/YEAR), I.E. MSEK 6 (KEUR 540)
OVER DURATION OF AGREEMENT

Source text for Eikon:  ID:nWkrbG3bzm 
Further company coverage:  STRLNG.NGM 

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