Brief: Swedish Stirling Signs Agreement Regarding Installation Of A Pilot Facility

Swedish Stirling AB

13/12/2019 10:12

Dec 13 (Reuters) - Swedish Stirling AB  STRLNG.NGM :
    * AGREEMENT ON PILOT FACILITY AT SAMANCOR CHROME TC SMELTER
SIGNED
    * FACILITY IS INTENDED TO BE COMMISSIONED DURING Q2 2020.
    * 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
    * AGREEMENT, WHICH SWEDISH STIRLING INFORMED ON DECEMBER 12,
CONCERNS INSTALLATION OF A PILOT FACILITY WITH ONE PWR BLOK UNIT
AT TC SMELTER FACILITY IN SOUTH AFRICA
    * UNDER AGREEMENT, FACILITY WILL BE OPERATIONAL BY Q2 2020
AT
LATEST
    * AGREEMENT RUNS FOR THREE YEARS FROM DATE FACILITY IS
OPERATIONAL
    * AGREEMENT WITH SOUTH AFRICAN COMPANY SAMANCOR CHROME'S
SUBSIDIARY TC SMELTER PROPRIETARY LIMITED

Source text for Eikon:  ID:nWkrbVpJ1T 
Further company coverage:  STRLNG.NGM 

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